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Manhattan Empty Condos May Become Rentals as Leases Beat Sales

Manhattan Empty Condos May Become Rentals as Leases Beat Sales
June 4 (Bloomberg) — When Richard J. Bailes and his family paid $4.1 million in March for a four-bedroom apartment in the glass and steel Georgica on Manhattan’s Upper East Side, just eight of the building’s 58 units were occupied, he said.

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