What Is Condominium Conversion?
Condominium conversion is the process of dividing and selling individual units in a multi-unit building. A buyer purchases a unit and shares ownership of the land and common areas with other unit owners.
When Does Condo Conversion Make Sense?
When you’re thinking about selling a multi-family building in the Boston or Cambridge area, sometimes converting to condominiums is more profitable than selling the building as a whole. Condo conversion is not the best approach for every building.
Some factors to consider include
How We Can Help
With our team's 40 years combined experience, we’ve guided owners like you through the conversion process in all kinds of markets with all kinds of properties in all kinds of condition. We’ll prepare a current market analysis of your property’s value as a multi-family, as condominiums in as-is condition and as improved/renovated condominiums, so that you can make a smart decision about what's the best approach for you.
In short, we have the knowledge, experience and resources to help you make the best decisions, large and small, and achieve an outcome beyond your expectations.