building at 100 Remsen Street

I heard it expired in 32 years. I am interested to know what happens also. Apparently, it's not a good situation.

Would it be the case that maintenance would increase even more than current amount, in the event lease is renewed for a higher cost? Does anyone know what are the planned upcoming capital improvements that a buyer would have to pay upfront?

you can go to Advanced Management Services on Court St and request to see the lease documentation. i did before i purchased in the building. the terms of the lease are straightforward but i cant remember them exactly.
as for capital irovements, they just replaced all of the windows in the building so that is already included in the monthly maintenance amount. And they are so much more air tight that i never turned on my heat this winter (since all utilities are included in the monthly maintenance, there is a chance that they could reduce it if the cost savings on heat with the new windows is significant).
The situation is not had but you have to understand what you are buying into. these apartments are much less than other comparables in the neighborhood because of the land lease. i ran the numbers and it absolutely made sense for me to buy an apt here.

Per listing agent lease expires in 2043. Good luck, all.

I dont think the owner plans on releasing the land

any updates on the lease at 100 remsen? really dig the building - but with 29 years left on the lease, resale is a huge issue.

Any updates on the building? Any issues other than potential difficulty selling because of land lease expiration?

The lease here is not merely a simple land lease; it includes the building as well. Buyers therefore own only shares of stock in the corporation which is the tenant on the lease. As stated in the offering plan from 1984, the year the co-op was created, "the Apartment Corporation will not be the owner of the building and the land on which it is situated, but will be the holder of a long-term lease."

The land lease expires in approximately 25 years; that is a problem for people who want a mortgage.
An additional concern is the maintenance being raised to cover the new lease.

Lease ends in 2043. Buyers are still getting share loans, presumably for terms of less than 30 years.

A few years ago the landowner tried to force the co-op into default, saying the windows weren't being maintained, and tried to stymie the co-op's financing for the new windows. http://decisions.courts.state.ny.us/fcas/fcas_docs/2010AUG/2300212662010100SCIV.pdf

Last month the co-op sued the landlord. Apparently the landlord wanted to consider capital-improvement assessment as "Additional Income", a percentage of which would be Additional Rent. Another attempt to force the co-op into default, I guess. https://iapps.courts.state.ny.us/fbem/DocumentDisplayServlet?documentId=0QaIAndhg9ZwVO0hMr01zA==&system=prod

The ground lease is an exhibit to the case: https://iapps.courts.state.ny.us/fbem/DocumentDisplayServlet?documentId=vMDq3booNVNR2AueB_PLUS_4G/A==&system=prod

Net do you live in the biulding?

Anything new on the land lease situation and the contentious landlord?

Best to ask a broker that knows the area. I would not buy there.