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

… The vast majority of residential buildings in New York City own the land they sit on but a tiny percentage … Stone has also taught real estate classes on the subject for years  These buildings are mostly in Manhattan namely on … from the property without having to take a tax hit from the sale of the property Sanders says Due to the unusual nature …

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