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

… other lease It allows the building to occupy the property according to the specific terms of the lease says attorney … Stone has also taught real estate classes on the subject for years  These buildings are mostly in Manhattan namely on … condo landlease buildings … There are about 100 landlease coops and only a handful of landlease condos Thats because of …

By Evelyn Battaglia |December 4, 2023 - 12:30PM
What is a working capital fund contribution for condos? Are these common in NYC?

… If youre looking to buy a condo in New York City youve probably experienced … capital fund contribution is an additional fee paid by the buyer at closing thats meant to help a condo building raise … partner at Seiden Schein a real estate development law firm Most buildings will ask new buyers to contribute one to two … capital fund contribution for condos Are these common in NYC

By Celia Young |October 9, 2023 - 1:30PM