NEW YORK CITY-A 20-floor, 305-unit building at 25 Broad Street, which was planned for a condominium conversion, is now a rental apartment building. Rose Associates is handling the leasing for the rental building. The rents for one-bedroom units are beginning at $3,133 and that of two-bedroom units starting at $5,205.
Developer Kent Swig planned to convert the building into condominiums but he failed to repay his debt on the property, which is now under court receivership. For the full story, go to Wall Street Journal.
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