Condo Conversion
Condo Conversion
- There is a unique opportunity to invest short term by participating in the condo conversion activities happening in the recently gentrified Brooklyn communities of Bed-Stuy, Crown Heights, Clinton Hill with exit in 2-3 years
- The opportunity is to source off-market distressed properties with sufficient owner equity and to build modern residential condo complexes
- We also work under flexible, negotiated partnerships with mortgage – free homeowners with a potential to use air rights.
- Investor’s contribution is only needed in the pre-development stages of the projects
- High Barriers to entry due to lead generators’ and homeowners’ trust and willingness to work exclusively with BNYC