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 New York City landlease coop buildings from rent hikes on the land beneath …

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 higher maintenance fees so … to consider When the lease expires the value of your coop could decline  our experts  say Only a small fraction of …

By Alanna Schubach |June 13, 2022 - 2:00PM
What to know about buying in a brand new co-op building

… brand new residential buildings in New York City are either condos or rentals so its fairly rare to find a brand new coop building  The trend these days has been to build condos … new building might be a coop is because the building has a landlease This along with condop designation and the risks …

By Emily Myers |October 16, 2019 - 12:00PM