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

… Carnegie House Tenants Corp a 324unit coop that turned to Albany lobbyists to push for the legislation from a possibly … to take on debt and tricky for sellers to offload their apartments At Carnegie House for example one owner listed … for the legislative protections … A board battle and an Albany campaign … The bills aim to curb the uncertainty …

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?

… to consider When the lease expires the value of your coop could decline our experts say Only a small fraction … landlordnot the building Landlease buildings are primarily coops though there are a handful of landlease condos … building its important to do some research into who the landowner is and what their plans may be Its important to …

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