Bricktionary

… say you have an elderly family member living in that most coveted of New York City apartments the rentregulated unit When they vacate the … in a relatives regulated unitare dependent upon a complex set of rules  Those rules recently got a little …

… rent the land from someone else These are called landlease or groundlease buildings yet another quirk of NYC real estate that buyers need to be aware of  In a lot of ways a land lease is just like … a deed So technically a condo cannot sell units if it doesnt own the land though exceptions exist  For example …

… equity of your place one option is to arrange for a cashout refinance This is where you renegotiate the terms of your … right for … A cashout refinance is open to owners of condos coops townhouses or one to fourfamily buildings New Yorkers … … selling … What is a cashout refinance Are these done in NYC …