Feb

Manhattan’s Luxury Condos May End Up as Rentals, LeFrak Says

Today’s luxury New York condominiums may become tomorrow’s rental apartments as for-sale units pile up in a market with fewer buyers, billionaire real estate investor Richard LeFrak said.

The added supply of listings for lease will limit rent growth, LeFrak said in a Bloomberg Television interview Monday…

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Manhattan’s Luxury Condos May End Up as Rentals, LeFrak Says

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