Archive For April 18, 2016

Can I buy my converted co-op?

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In this article from AMNY, buying the rental apartment you have been living in might be cheaper than you expect. The discount depends on many factors, such as your current rent, type of lease, how long you been living in the apartment, market rate, if is stabilized rent, etc. Jeff Reich explains

If the numbers work in your favor, says Reich, you could be looking at a discounted sales price for as much as 35 to 40 percent below the market rate.


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