A Midtown co-op bucks the trend and sees many of its listings go on sale—thanks to a looming land lease

… notorious lately for having low inventory so much so that buyers are often prepped for bidding wars But at the … out of 324 totala little over a sixth Thats because the land on which the coop sits isnt owned by the building but rented in a setup known as yes a land lease In this case another group outbid the coops

By BrickUnderground |September 2, 2015 - 12:59PM
What all landlease buildings can learn from the Trump Plaza drama

… and after cobbling together $190 million in cash from coop owners as well as some clever mortgage deals the … leveraged and negatively affected apartment valuesthe coops residents bought the building with a combination of … Related   Why I bought in a landlease building despite the horror stories Landlease apartments are cheaper but are they …

By Virginia K. Smith |June 15, 2015 - 12:59PM
Trump Plaza debacle—a cautionary tale for co-op buyers?

… decided to put it up for sale  residents of the Lenox Hill coop tower had two choices buy the land or face steep rent … lot more than they are now or were since theyll be regular coops But this is the danger of buying in such a building … by 75 Why I bought in a landlease building despite the horror stories … Buy … Co-ops … Sales Market … Sell … Rent … …

By Leigh Kamping-Carder |November 13, 2014 - 1:15PM