ST Alpha - "The reason the price is so low is because there's next to no way to evict the tenant so you'd have to wait for them to leave. " (Reading a Post)

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In response to "OK ty always posts crazy NYC Real Estate stuff but I have one that may take the cake in terms of CRAZY" by JackDawson

The reason the price is so low is because there's next to no way to evict the tenant so you'd have to wait for them to leave.

Posted by Krusty (aka Krustylu) Oct 2 '19, 09:47

Sorry but rent laws, as they should, favor the tenants

Responses:

I haven’t kept up to speed with any recent changes, but I thought there was an exception for an owner to be able to occupy a unit? -- (edited) - znufrii Oct 2, 09:54 1
- Yeah, I believe it doesn't apply if buying a single unit but our rent laws are very difficult to understand so 🤷‍♂️ -- nm - Krusty Oct 2, 10:36
It would be at market value if it was empty -- nm - Krusty Oct 2, 09:48

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