100 Remsen, Another land lease problem child -

Started by stache

about 6 years ago

Posts: 1303

Member since: Jun 2017

Discussion about

https://streeteasy.com/building/100-remsen-street-brooklyn/5e

Response by George

about 6 years ago

Posts: 1327

Member since: Jul 2017

"Land leases are very special" -- best brokerbabble ever.

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Response by 30yrs_RE_20_in_REO

about 6 years ago

Posts: 9881

Member since: Mar 2009

My guess is that "special" means that since there are 23 years remaining on the Land Lease no one is going to give you a 30 year mortgage.

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