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… litigation against the building or there are too many renters or sponsoredowned apartments To open up the buyer … be relatively affordable because its a form of affordable housing Housing Development Fund Corporation coops have … the buyer want to live there and the tenant be protected by rent regulation options include buying the tenant outin …
… condo attorney with Wagner Berkow LLP whos been advising buyers and negotiating contracts for more than 30 years in … This means that a developer has purchased a large plot of land and is planning to build multiple projects on site … third party Landlord wants to buy you out of your apartment lease How to name your price What are the most common lies …
… Trump Plaza continues After the family estate that owns the land upon which the building sits decided to put it up for … residents of the Lenox Hill coop tower had two choices buy the land or face steep rent increases from a more … is the danger of buying in such a building called a landlease because the coop shareholders pay ground rent to the …
… Citys least expensive types of housing is a coop in a … … landlease building a property where the apartment dwellers dont … be significantly cheaper than condos a savvy investor could buy in a landlease coop and rent it out charging the same …
… Landlease buildings have always been a bargain with discounts of … to other buildings but as weve written before its one that buyers enter into at their own risk And with the cost of … or collectively ponying up the $185 million in cash to buy the building outright They opted for the latter option …
… in its main drawback the 39story 175unit Trump Plaza is a land lease building which means the coop board has to pay rent … apartments are on much higher floors with better views Buyers who bought one of the higherfloor units and spent …
… popular and instructive stories such as how to negotiate a lease renewal prepare for a coop board interview and what … also have comprehensive articles on moving to New York City landing a nofee rental and what you need to know about the … to tackle your real estate goal for fall whether it is buying selling renting or renovating an apartment or house …
… If youre looking to buy a coop and youre new to New York City youve probably had … taxes The cooperative pays the real estate taxes for the land and building and then thanks to a very complicated … tenant leaves or theres a lapse in rental income … 9 Land lease … If the maintenance for an otherwiseseeming normal …
… highs and theres lots of competition Using a broker can improve your chances of getting the place you want but makes …