A condo offering plan is a disclosure document that lays out the terms under which a sponsor, that is, the owner of the property, can sell you a condo (or parking space or storage bin). Attorneys who specialize in this...
Category - Marketproof Pro
Top Rentals Bringing New Affordable Housing to NYC
In NYC, there are currently 7,970 rental buildings in pre-development or under construction that, if built, would total nearly 100,000 units. Of course, many of these projects won’t come to fruition. Nonetheless, 116 of...
Marketproof Launches NYC Homeowner Mailing Lists
Seven months into 2021, the NYC real estate market is continuing to show remarkable strength. So, let’s add another tool to help you with prospecting: homeowner mailing listings. Marketproof homeowner lists are great...
Why NYC New Development Should Be More Transparent
In an unregulated market economy, suppliers sell goods and services at the highest price buyers are willing to pay. If supply increases faster than demand, prices will fall. If demand increases faster than supply...
Building Stages: Pipeline, Sponsor, Resale
If you are reading this blog post you are probably a Marketproof Pro subscriber. If not, please visit the site to learn more. Marketproof Pro organizes new development condo (and co-op) buildings into three separate...
Offering Plan Basics: Sponsor Control Period
An important part of a condo offering plan, the document that lays out the terms under which a sponsor can sell you a condo, is the Sponsor Control Period. The Sponsor Control Period is the time, typically in the early...
NYC Real Estate: What is Shadow Inventory?
Shadow inventory refers to condos that have been constructed and are legally available for sale by the building’s sponsor but that have not been listed publicly for sale. For example, a new condo building with 100 units...
Condo inventory loans: how condo developers refinance
A developer takes out a condo inventory loan when they need to adjust the financing of a condo building to meet the market. The loan allows developers to repay maturing construction loans and hold units for sale at a...
