Realty Times April 21, 2009

Market Conditions
by Realty Times Staff

Tough economic times have brought about many unique sales incentives to motivate buyers.

One such report comes from New York, New York, where a luxury 12 story tower of condos is offering a 15 percent discount if you buy before the end of the April. As an additional attraction, some penthouse units will receive a 20 percent discount. That means, a 555-square-foot, fourth floor studio previously listed at $405,000 is now $344,250.

"We see this is as our version of a stimulus package to help potential home buyers close the gap during an unprecedented market," said David Apelewicz, a sales agent at the property. "The units are spectacular, and we want to help residents settle in to their new home."

These spectacular units include a long list of amenities, including outdoor space, parking, 24/8 doorman service, and a gym.

This glass enclosed 90-unit building located in the Harlem neighborhood of New York City at 119th Street and Third Avenue.



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