Welcome to Episode 25 in my Series REAL ESTATE INVESTING IN NEW YORK!!
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In this Episode, I'm sharing everything you need to know about Land Lease Buildings in NYC, and the financial implications that you may experience if you own one.
Would you buy in a Land Lease Building? Leave your thoughts in the comments!
Topics covered in this episode:
- Price difference between land lease buildings and regular buildings
- Property Tax differences between land lease buildings and regular buildings
- The options that a Land Lease building has when its lease expires: Lease renewal and its implications, and Purchase of the Land and its implications
- Assessments to unit owners in Land Lease buildings
- Mortgage approval challenges in Land Lease Buildings
I always am so happy to have the opportunity to work with you - if you would like for me to represent you as your Agent as you begin the property purchase or sale process, please do not hesitate to reach out to me.
Don't Miss Episode 26, where I will be sharing answers to your questions! Be sure to send me your real estate questions via instagram DM or by email!
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