Can you leave your Mitchell Lama apartment to someone in your will?

… only way a Mitchell Lama apartment can be transferred to someone else is by a legal process called succession but not … population there are ownership restrictions and you need to live in the apartment as your primary residence  Most … to the buildings supervising agency This will either be NYCs Housing Preservation Development or New York …

By Emily Myers |February 13, 2023 - 9:30AM
Can you buy a NYC apartment with a trust? Maybe

… If you own a coop or condo in NYC its probably one of your most valuable assets If you … taxes setting up a trust can be a savvy solution When someone sets up a trust to buy or transfer ownership of a … issues that need resolving specifically about who will live in the apartment and who will pay the monthlies Pro Tip …

By Emily Myers |February 19, 2020 - 1:00PM
Thinking of buying a NYC apartment in estate condition? Here's what you need to know

… City apartments in estate condition mean one of two things Someone has died and left behind an apartment which the … youll save where you should look and why you might have to live elsewhere while the property is being renovated … The … Morgan But youd probably find them in any neighborhood in NYC with a lot of older housing stock Hoyt also suggests …

By Leah Hochbaum Rosner |November 21, 2019 - 10:00AM