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The building recently switched from condominium to rental.
"Revenues from condominium sales will help cover infrastructure costs," he said.
Officials at the Corcoran and Douglas Elliman brokerage agencies said the increase resulted from condominium construction.
Not far from condominium buildings with doormen and plush lobbies, there are isolated blocks flanked by the opaque windows of unoccupied industrial buildings.
The residences range from condominium apartments to town houses and single-family detached homes with 2,000 to 4,000 square feet.
Shaya Boymelgreen, the once-ubiquitous developer who built more than 2,400 apartments during the boom, broke with his money partner, was peppered with lawsuits from condominium buyers and was evicted from his offices in Brooklyn.
Similar(52)
You'll get the highest numbers from condominiums".
Though builders nationwide began pulling back from condominiums in 2006, some San Jose developers persisted.
At that time, he decided to switch from condominiums to rentals.
Also, with the wide variety of housing stock in town — from condominiums to ranches to million-dollar custom homes — many residents decide to stay when they upgrade.
Last fall the couple opened the Alpine Haus, a bed and breakfast and the the only lodging on Route 94 near Mountain Creek aside from condominiums for rent at Great Gorge Village.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com