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Repurposing Vacant Commercial Buildings

September 03, 2024 (2 min read)

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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