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Turning 'zombie' offices into apartments can be tricky – and expensive

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The value of office buildings is sinking – but turning 'zombie' offices into apartments is harder than you think. Here's why.

seems like the obvious solution – but actually doing so is far from simple or inexpensive.

In New York specifically, zoning regulations place strict limits on which buildings can be converted into housing. Structural issues must also be considered, Chilelli told Bloomberg. A building must be assessed to ensure its lighting, ceilings, plumbing, and the like are suitable to be converted into residential space.

 

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