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… its not unheard of for them to convert the apartments to rentals Before you buy take a close look at the developments … building and then decides to keep the rest of the units as rentals This scenario comes with a number of risks to condo … for Another unfortunate outcome of converting condos to rentals is that the concentration of ownership will be high …
Meet our Experts
Sam Himmelstein, Esq., represents NYC tenants and tenant associations in disputes over evictions, rent increases, rental conversions, rent stabilization law, lease buyouts and many other issues.
Dean Roberts is a real estate attorney specialiazing in co-op and condo law at Norris, McLaughlin & Marcus in Manhattan.
Ryan Greer is the Senior Vice President and mortgage loan officer at National Cooperative Bank in Manhattan.
Christopher M. Tarnok, Esq., represents New York City property owners and condominium and cooperative boards in all real estate and construction related matters including litigation, transactional matters and the negotiation of construction and access agreements for residential and commercial projects.