Apartment Lease Buy-Out in NYC

Gsilverstein · #1 Sep 3, 2006, 04:49 AM

The building that I now live in has just recently been sold.
(New York City location) The management of the new owners has approached me for a meeting to discuss a possible buy-out of my existing lease. I still have 1 year left on my lease, paying rent that is well below the market rate. Coupled with that, my apartment is rent stabilized, so even after my lease is up, my rent can only be raised so much.
My question is: What would be the optimum amount of money I could expect the new ownership to agree to pay me to move now?

Thank you..
gsilverstein

tartoura · May 19, 2008, 03:02 AM

My apartment is rent stabilized have 1 year left on my lease,My building is a Co-Op non eviction plan,my rent is well below the market rate. My question is what would be the optimum amount of money i could expect them to pay meto move out now.Thx



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