It can take years — sometimes decades — but New Yorkers looking to trade up can sometimes do just that by buying the apartment next door. Combined units represent only a fraction of the market, around 2 percent to 5 percent of sales in the city, according to Miller Samuel Real Estate. But with a dose of luck, they do happen regularly, as the New York Times reported. “I’ve heard of lots of people who …
SOURCE: The Real Deal New York – Read entire story here.