When sales at 62-66 N. Third St. began, “we heard from buyers who came in saying, ‘I love the property, I have no problem with the pricing,’ but basically their hesitation was the taxes,” said Andrew Barrocas, chief executive officer of brokerage MNS, which is marketing the project.
That feedback inspired the developers’ rebate, according to Barrocas: “We said, ‘Let’s stay ahead of the curve.’”
This article was provided by Bloomberg News.