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

… Stone has also taught real estate classes on the subject for years  These buildings are mostly in Manhattan namely on the Upper West and East sides as well as in Battery Park Brooklyn has a smattering too The reason behind this rarity … 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