landlease

… 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 …

… 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 …

… 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 … …