NY state legislators propose bills to protect land-lease co-ops from land rent hikes

… New legislationspurred by a coop in crisis on Billionaires Rowwould protect a handful of … have to wait and see if the bill passes and later if it stands up to any possible legal challenges  In the case of …

By Celia Young |May 15, 2024 - 12:30PM
Is paying less upfront for a co-op in a landlease building worth the risk?

… … Prices in landlease buildings are generally lower than conventional buildings to offset … Roberts a broker at  Sothebys International Realty  From a brokers point of view its best to avoid them as an … with the lease holder to purchase the land Kory notes Its worth finding out whether the building youre considering may …

By Alanna Schubach |June 13, 2022 - 2:00PM