Brooklyn, NY Developer Tishman Speyer has launched sales at 11 Hoyt, its new 57-story, 770,000 s/f residential tower, which features 480 condo residences and 55,000 s/f of indoor and outdoor amenity space. The project includes a 27,000 s/f private park above street level, as well as a motor court and porte-cochere.
Investors in the Northeast generally have significant capital gain when they sell real estate held for investment. Many, in addition, have little or no mortgage debt on the property…