Sale at 110 Duane Street #5R

It's not a condo yet, so they're estimating what the taxes will be once the building's split into separate tax lots.

Condo taxes are based upon the whole building's value as a rental. 5R's taxes will be its share of that, determined by percentage of common interest.

The rent-stabilization status of a particular unit doesn't change its taxes. E.g., the owner was asking $20K per month for the second floor, while its projected taxes are $2.5K.

Does someone knows a good realestate lawyer specialized on rent stabilized situations?

Does someone knows a good realestate lawyer specialized on rent stabilized situations?

did a few calculations and it looks like it would take atleast 20 years before this apartment can become deregulated with an increase of 3.75% per year. so its basically a negative cash flow investment for 20 years assuming no increase to the deregulation limit... no thanks..

yes, but what if the buyer plans to live in the apartment? if a potential buyer offers the current tenant a buyout, and then occupies apt...could the scenario not make sense?

Is there any legal way to get a tenatn like that out?

>Is there any legal way to get a tenatn like that out?

Ask nicely, often with money.