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Can I resell a new development condo right after buying it?

Yes - there is no legal restriction on resale timing for condos (co-ops may have flip tax structures that penalize short-term resale). However, the economics are challenging: transfer taxes, commission, and carrying costs require meaningful appreciation just to break even. Model your all-in costs before listing to determine whether a short-hold resale produces positive or negative net proceeds.

From the seller playbook: New Development Resale Strategy in NYC

This is general information, not legal, tax or accounting advice. Every situation is different. Talk to a licensed attorney, accountant or tax professional before you act.

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