Century-Old Belnord tests NYC condo price limits

New York’s condo market is brimming with costly apartments in glittering new towers. Now it’s about to get more pricey homes, this time in a building that’s more than a century old. Ziel Feldman’s HFZ Capital Group plans to convert 95 empty rental units at the Belnord, a gated complex occupying a full square block on the Upper West Side, into condos that will be listed at $3,000 a square foot on average — more than the boroughwide average for new-development sales in the first quarter. He’s hire...

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