Strategies to survive a rental to condo conversion (or at least walk away with a big buyout)

… in the midst of a conversion With the market for supersized condos booming developers have been remodeling preexisting rentals into larger lavish units and converting them to condos netting profits without …

By Virginia K. Smith |March 20, 2015 - 12:59PM
Yes, you can have a $10/month, 50-year lease in NYC—technically, anyway

… Parker claims he was like a surrogate son to Schuman He currently sublets the place for $2500 a month  The buildings … real estate attorney Terry Oved says If the apartment were rentstabilized it would be a different story since those … continue the suit seeking action to declare the contract null and void For convenience purposes the closing was held …

By Virginia K. Smith |November 11, 2014 - 11:59AM
How is the buyout of a rent-stabilized apartment taxed?

… Q Im in preliminary talks with my landlord about a buyout of my rentstabilized apartment Ive read different things about how the payment is taxed ​either as regular income or as … underlying property is used in a trade or business or for investment purposes says Lester Caesar a Manhattanbased CPA …

By Leigh Kamping-Carder |October 27, 2014 - 1:59PM