In this episode of Let’s Get To The Point, Serhant realtor, producer, and host Jeffrey St. Arromand takes us to Santa Monica while breaking down one of NYC’s biggest real estate problems: developers are capping their projects at exactly 99 units.

In just the last four quarters, 28 permits were filed with this cut-off — and it’s reshaping the city’s housing inventory. From legal implications to financing trends, Jeffrey and the team explain what’s driving this pattern and what it means for buyers, sellers, and investors.

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