Author Topic: Request advice on getting a NYC rent controlled apt  (Read 1254 times)

namasteyall

  • 5 O'Clock Shadow
  • *
  • Posts: 26
Request advice on getting a NYC rent controlled apt
« on: May 19, 2019, 02:30:22 PM »
Folks, I have an offer after a looong wait: to put money down and get a rent controlled apt in NYC (Mitchell Lama). Advice on how to manage the board, requirements, anything to be wary of, income needed, references, etc. requested. Thank you.
« Last Edit: May 19, 2019, 02:42:21 PM by namasteyall »

srad

  • 5 O'Clock Shadow
  • *
  • Posts: 78
Re: Request advice on getting a NYC rent controlled apt
« Reply #1 on: May 20, 2019, 02:08:08 PM »
Are you buying a rent controlled property or renting one?

brooklynmoney

  • Pencil Stache
  • ****
  • Posts: 527
  • Location: Crooklyn
Re: Request advice on getting a NYC rent controlled apt
« Reply #2 on: May 21, 2019, 12:37:13 PM »
I thought all the Mitchell Lama buildings were phased out. My friend rented in one for decades and then when it converted bought at the inside price. Great deal if you can get it!

namasteyall

  • 5 O'Clock Shadow
  • *
  • Posts: 26
Re: Request advice on getting a NYC rent controlled apt
« Reply #3 on: June 01, 2019, 08:48:53 PM »
srad and brooklyn money

Thank you for your replies.

Srad
I have an offer to buy a share in a co-op and then live in an apt.

brooklyn money
I had applied years ago and it seems to be available now.
Any advice really appreciated.


electriceagle

  • Bristles
  • ***
  • Posts: 480
Re: Request advice on getting a NYC rent controlled apt
« Reply #4 on: July 08, 2019, 04:57:49 AM »
Folks, I have an offer after a looong wait: to put money down and get a rent controlled apt in NYC (Mitchell Lama). Advice on how to manage the board, requirements, anything to be wary of, income needed, references, etc. requested. Thank you.

First, you'll need a DeLorean....