NY state legislators propose bills to protect land-lease co-ops from land rent hikes

… New legislationspurred by a coop in crisis on Billionaires Rowwould protect a handful of New York City landlease coop buildings from rent hikes on the land beneath … they dont own but instead rent from landowners through a ground lease If passed the bills would limit ground rent …

By Celia Young |May 15, 2024 - 12:30PM