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

… should consider the potential risks outlined below  … Coop vs condo landlease buildings … There are about 100 landlease coops and only a handful of landlease condos Thats because … individual owners who live in these buildings are charged PILOT Payment in Lieu of Taxes payments which the city uses …

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