Everyone's worst fears about sketchy landlords, confirmed

… probably no one was under the impression that people buy sell and rent out New York real estate just out of the … it … So sometimes its like Hello this was our neighborhood What are you doing here On his lowball approach to buyouts … tenants paying $2700 $2800 and theyre all white So this is what we do … My saying is again Im not racist every black …

By Virginia K. Smith |May 13, 2015 - 1:05PM
Strategies to survive a rental to condo conversion (or at least walk away with a big buyout)

… offered tenants a discount of 10 percent per the Times So whats a renter to do For starters band together with the … and $1 million for her spot in a building where units now sell for anywhere between $14 million and $22 million As … Ask Sam My landlords renovation is making my life miserable What are my rights sponsored Landlord wants to buy you out …

By Virginia K. Smith |March 20, 2015 - 12:59PM
How is the buyout of a rent-stabilized apartment taxed?

… any profits from the sale of a contractwhich is essentially what youre doing in a buyout situationare recognized as capital gains not income Baller says   If you sell a leasehold or if you sell a contract thats the sale of a capital asset and thus …

By Leigh Kamping-Carder |October 27, 2014 - 1:59PM
Your rental building's going condo. Now what?

… which is typically at least 5 to 10 percent lower than what theyd pay on the open market says real estate attorney … plans … Before a developer can convert a building and start selling condos they must get their offering planwhich … letters on the cover At that point the developer can start selling the condos including to existing tenants … Lawyer up …

By Leigh Kamping-Carder |April 25, 2014 - 11:59AM
What's a buyout really worth? Use this calculator to figure it out

… For rentstabilized tenants a buyout offer from your landlord … the jackpot in the great casino of the New York City renting world But how far will that chunk of change actually … your new rent and so onand presto youll get a breakdown of what youd be left with after taxes moving costs brokers fees …

By Leigh Kamping-Carder |April 7, 2014 - 11:59AM
The One That Got Away: 'I gave up a chance to buy my East Village 2-bedroom for a laughable $90K'

… live there David says adding I had a feeling he was somewhat involved in the local drug trade Especially thrilling … and had several others he would be turning into condos and selling the units David says  David balked at the … has changed so much he couldnt even pick out the building What we do know The median price right now for a twobedroom …

By Kelly Kreth |March 6, 2014 - 8:59AM