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Should You Buy An Apartment In A Land Lease Building?
Manage episode 349308881 series 2842391
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Welcome to the Real Talk NYC Real Estate Podcast, where experienced, expert NYC real estate brokers John Gasdaska and Jonathan Conlon break down what’s happening in the market, what you need to know whether you’re a buyer, seller, or agent, and their insight into the future, with a little bit of fun along the way.
The New York City real estate market is like no other in the world. That means there are a few conversations that we have to have with all of our first-time buyers. One of the most common begins with the question "Should I Buy An Apartment In A Land-Lease Building?"
Transacting on apartments in land-lease buildings comes with a few unique hurdles to jump through. For most buyers, it can be difficult to tell if a building is a land-lease or not, and even more difficult to track down who the landowner is.
Listen in to learn these nuances and the pros and cons of purchasing in a land-lease building.
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