landlease

New York City classic building corner architecture. Urban residential house exterior. Real estate property in USA. Typical brick facade, Irving Pl, Manhattan Midtown. Rooftop water tower. Green wall.

By Celia Young |October 8, 2024 - 2:29PM

New York City old historic apartment building in the East Village of Manhattan, NYC with a clear blue sky background

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

… ground rent increases to 3 percent or the consumer price index whichever is greater As these leases expire the people … At Carnegie House for example one owner listed their studio apartment for $99900 what would be a great deal on …

By Celia Young |May 15, 2024 - 12:30PM

Co-ops

Is paying less upfront for a co-op in a landlease building worth the risk?

… fees so youll pay less upfront but more over time when you buy in this type of building But theres an even bigger … our experts say Only a small fraction of buildings in New York City are landlease which means that they land they … Their rules are designed to protect the value of your apartment and ensure your neighbors are financially sound …

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