Bricktionary

… Lets say you have an elderly family member living in that most coveted of New York City apartments the rentregulated unit When they vacate the …

… The vast majority of residential buildings in New York City own the land … a deed So technically a condo cannot sell units if it doesnt own the land though exceptions exist  For example … knowing when the lease expires is important The unknown of what could happen can be scarier for say a landlease coop on …