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
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