Condos with a 110% Money Back Guarantee

The View at East Coast

Now with the market in the gutter, and many gleaming new condominiums lingering on the market, the Rockrose Development Corporation has come up with a pitch to ease the fears of jittery buyers: a five-year money-back guarantee.

At the View at EastCoast, in Long Island City, just across the East River from Manhattan, Rockrose is offering — at least to the next batch of buyers who step up to sign contracts — a promise to buy back apartments in five years at 110 percent of the sales price.

Under the guarantee, on the fifth anniversary of the closing, buyers will have 90 days to return their apartments to Rockrose for 110 percent of the purchase price. However, the buyers will have to pay all closing costs, including transfer taxes and the sponsor’s legal fees.

The view from the west facing units