Repurposing Vacant Commercial Buildings

Cities impacted by commercial real estate vacancies are seeing more commercial buildings converted to residential units. Such conversions may be promising, with lucrative returns for developers and owners, but going through the conversion process presents its challenges. Read this discussion of the trend of converting commercial real estate to residential real estate in New York City and some of the issues that arise, including zoning, infrastructure, utilities, and preexisting mortgages.

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Related Content

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• Purchasing and Selling Commercial Real Estate Resource Kit
  Access this resource kit for guidance on purchasing and selling commercial real estate, including practice notes, templates, checklists, and more.

• Residential Condominium Resource Kit
  Refer to this resource kit for guidance on condominium ownership structure, creation of condominiums, formation of condominium associations, and individual unit sales.

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