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 or groundlease buildings yet another quirk of NYC real estate that buyers need to be aware of  In a lot of … on the subject for years  These buildings are mostly in Manhattan namely on the Upper West and East sides as well as …

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