Will my rental building convert? How can I find out?

sounds like theycould be converting. have you tried just asking? thats a start.

OntheSideline: You should receive the "red herring" (draft plan) shortly after it is submitted to the AG's office for review. So you'll probably know about the conversion at least a year before the "black book" (the final plan) is accepted, and perhaps as much as two years before it becomes effective.

Even before the issuance of the red herring, you will see telltale signs. For example, aside from the things you've already noticed, you might get a request from the landlord to admit a surveyor to your unit to take measurements and check the floorplan and condition of the unit. Also, efforts to decontrol and/or evict regulated tenants are likely to become more aggressive.

Keep in mind that renovations are not necessarily a harbinger of conversion. Your landlord may decide, in a soft sales market, to pursue MCI rent increases instead of (or in parallel with) a conversion.

Thanks justy26 and West81st!

what is the advantage to the landlord to convert to co-ops in this market?