What are land-lease buildings? Are they common in NYC?

… York City own the land they sit on but a tiny percentage rent the land from someone else These are called landlease … a handful of landlease condos Thats because of the different ownership structures In a coop you only own a … though ultimately the landowner retains 100 percent of the control  Stone says the important concerns around land …

By Evelyn Battaglia |December 4, 2023 - 12:30PM