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Developers Cease to Offer Condo Incentives

MAY 13, 2012

THREE months ago, when Wei Min Tan, a broker at Rutenberg Realty, negotiated a deal for a new $3 million three-bedroom condominium at the Aldyn on the Upper West Side, he was able to save his buyers $95,000 in transfer taxes and other costs, as well as to finagle a free storage space.

But now, Mr. Tan said: "I don't know if I could get the same deal. Literally a month ago, the market turned, and there is now a feeding frenzy"??see the whole story on the New York Times website

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