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… … Unless you have a specific disability it may be difficult to convince your landlord to replace your … slightly higher rent through whats known as an Individual Apartment Improvement Increase weve got a previous column … of the work if your building has fewer than 35 units or 160th of the cost if it has more than 35 units In order for …
… … Assuming that your lease is rentstabilized its very likely that you can still buy the … given how long youve been in the apartment and that your unit hasnt been sold to a new owner the apartment cant be … rent does not cover the carrying cost of the apartment the sponsor is much more motivated to sell at a discounted price …
… and regulations Usually condos are easier to rent out than coops and coop boards will often require that … a renter and assuming your building has more than four units you can also legally sublet your apartment but not for … coverage says Jeff Schneider of Gotham Brokerag e a Brick sponsor And many types of sublease will void the …
… … While a new sponsor may well want to get rid of some of your buildings rentstabilized tenants truly predatory investors arent … it Boards have no say whatsoever in who buys the block of units and no say over what the sponsor does with unsold …
… This story has been updated to include the consumer price index for 2024 … What is the Good Cause eviction policy … … more than 10 percent or 5 percent plus the consumer price index of 382 percent a measure of inflation whichever is … defined as 10 percent or 5 percent plus the consumer price index a measure of inflation whichever is lower If they do …
… Its not easy to be a renter in NYC where the market is fastpaced the rents are … Rather tenants rights attorney Sam Himmelstein fyi a Brick sponsor explains the language means you occupy the unit to the exclusion of others including your landlord In …
… of phone calls from foreign investors looking for opportunities in NYC They know rents are high so they can get a good return on their … investor with a $15 million stake in TikTok who bought two sponsor units at 111 West 57th St for a total of $34 million …