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

… a smattering too The reason behind this rarity is largely taxdriven for the landowners says Adam R Sanders a partner … revenue stream from the property without having to take a tax hit from the sale of the property Sanders says Due to … Instead of paying property taxes individual owners who live in these buildings are charged PILOT Payment in Lieu of …

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