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Ohm’s creative marketing – Metro US

Ohm’s creative marketing

Last year was one of the worst for NYC real estate. New developments handed out freebies galore to buyers, such as free Vespas at 868 Metropoli-tan Ave., which sold its eight condos in a few months. Now things have changed: Corcoran Sunshine, one of the city’s largest market-ers of new condos, say many of their properties are no longer giving concessions as market conditions have im-proved. Alchemy Prop-erties, a developer with three buildings on the market, is no longer slashing prices or giving out iPads, but is covering mansion and transfer taxes. Look for deals in overbuilt areas, where many buildings are still offering rent-to-own options, like Oro at 306 Gold St., BellTel Lofts at 365 Bridge St., and L Haus at 11-02 49th Ave.