Rent Stabilized Units

Not much because you can never get the rent stablized tenant out...also remember, if the current tenant dies they can pass it along to a close relative.

I assume you mean "rent for" NOT "sell for", rent stabilization is, as the name implies, for rentals. Stabilized pricing varies widely, depending on how long the unit has been stabilized, the length of time the current tenant is occupying the unit, etc. My guess is stabilized units are, on average, 40% below market rent. But that is a guess. And of course rent control and rent stabilization has artificially inflated existing market rents for the remaining housing stock. If the city ever decides (and it won't in our lifetime) to end rent control and rent stabilization, you would see significant reinvestment in upgrading the quality of stabilized housing as is what happened in Cambridge, MA. Anyone have any definitive study out there?

actually rmrmets, i think research1 was looking for how much a rent stabilized unit would sell for (not rent for), given that the tenant is paying reduced rent...

but to julia's point, not very much. depending on the rental income, since you obviously would want to buy a place where ideally the rental income covers carrying costs. which is very unlikely.

If you are asking about this here, I would suggest that you fine another investment

research1, you can -- and should -- offer generous buyouts to your rent-regulated tenants. Be sure to gross them up, because the funds are taxable as income to the recipient.

20% - 50% of market value is a range i have heard from consultants who specialize in this.

Value is effected by tenant's age.

Younger = more value as the tenant might move due to change in lifestyle marriage, children etc.

Middle Age = least value as they are likely entrenched and will live for some time.

Old Age = high value as there time on earth is shorter.

I believe an owner that wants to move into the apartment could displace a rent stabilized apt, but not a rent controlled one.

No, that applies to an owner of a building, not a remaining RS/RC tenant in a noneviction conversion.

The attorney general's coop/condo conversion regulations make it illegal for an individual unit
owner to evict a stabilized or controlled tenant for owner-occupancy.