The D'Annunzios expect the condominium buyers to have roots in the community.
"We've found that a good percentage of people visiting on weekends are families and prospective property or condominium buyers," he said.
You are seeing things like bridge loans and free maintenance payments for condominium buyers.
Most of the condominium buyers would be expected to move in from other parts of Nassau County.
In 1979 the city set up a regulatory procedure that condominium buyers had to follow to take possession of their apartments.
To meet expectations of condominium buyers, more money had to be spent on interior finishes than was originally anticipated.
The development will have 300 boat slips, which will be available first to condominium buyers and then to residents of Croton, if any are left.
There are several things a potential co-op or condominium buyer should watch for.
But while condominium buyers may have an easier time getting a loan, they usually need more cash up front for closing costs.
Another closing cost for condominium buyers can be the prepayment of the property tax that some lenders require.