Trump Plaza debacle—a cautionary tale for co-op buyers?

… The saga at Trump Plaza continues After the family estate that owns the land upon which the building sits decided to put it up for sale  residents of the Lenox Hill coop tower had two choices buy the land or face steep rent …

By Leigh Kamping-Carder |November 13, 2014 - 1:15PM
Trump Plaza residents are facing a landlease's worst case scenario (and sky high bills)

… two bad options buy the land themselves or face sizable rent increases from a new landlord when their lease expires … bargains of New York City real estate but come with higher monthly charges Oh and a world of uncertainty the … out In the interest of illuminating exactly what it might mean to buy a landlease coop lets see how both options break …

By Leigh Kamping-Carder |November 7, 2014 - 11:59AM