Land Lease building

Turtle Bay Towers is not a land lease co-op. I believe it is simply a co-op that operates like a condo (maintenance runs higher in this building b/c it has a large underlying mortgage).

There are no benefits to owning shares in a co-op that leases its land - only additional risk, higher maintenance, lower marketability (all of which are mitigated, to an extent, by materially lower prices). Land lease co-ops are not particularly picky about who buys and often have approval processes more akin to condos, so I suppose, if there is any benefit, it is easier to buy one than a standard co-op.

Dan Gotlieb
Digs Realty Group
https://digsrealtynyc.com/

I'd also look into resets, not just expiration ...