"On top of recent price cuts of as much as 37% at its new Williamsburg luxury condo One Northside Piers, the big Horsham, Pa.-based developer is now offering to first-time homebuyers the safety net of hard-times mortgage insurance.

If a buyer loses his or her job, the developer is offering to make mortgage payments for up to a year at all three of its New York City luxury condos — Northside; 5SL in Long Island City, Queens; and 303 East 33rd in Kips Bay, Manhattan."

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