Mitchell Lama

… board of a traditional coop is not allowed to set a minimum price for an apartment sale or for shares in the building … During the height of the pandemic New York City apartment prices dropped and although the market appears to be … proprietary lease and the bylawsbut setting up a minimum price or a floor below which a coop wont sell is not allowed …

… but tenant advocates are pushing for several changes to rent stabilization law that could come to pass if Democrats … the rent over the stabilization threshold currently $273375 by making substantial improvements to the apartment andor … my landlord can raise the rent sponsored Read all our Ask a Renters Rights Lawyer columns  here   Sam Himmelstein Esq …