How much is the conversion of a New York City loft structure to condominium apartments worth?
How much is the conversion of a New York City loft structure to condominium apartments worth?
An entrepreneur has an opportunity to buy the mortgage on a distressed property and complete the conversion of the loft structure to condominium apartments. This case provides students with background information on the gentrification of New York's Soho neighborhood and asks them to assess how much this opportunity was worth.
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