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Rent to Own -UWS

Started by 10024
almost 17 years ago
Posts: 13
Member since: Dec 2008
Discussion about
I came across a listing for rent to own buildings on the uws. Currently it looks like there are 3 buildings (87th and 2 on 95th). Anyone else heard of other buildings offering such deals on the uws. I'm also curious of the downside of renting such an apartment.
Response by PMG
almost 17 years ago
Posts: 1322
Member since: Jan 2008

Sounds like the co-op buildings marketed as "shares of ny". This is the first I've heard of it. If you don't end up buying, you'll pay more in rent than you could negotiate now from another LL

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Response by ncy10025
almost 17 years ago
Posts: 198
Member since: Feb 2009

I went to the OH to look at the units they advertised. Something is really off with 'shares of ny' they told me that the lowest price 1 bed had been rented out and proceeded to show me a 500 sq ft 1 bed for $565K - and basically indicated that they would rent anything they couldn't sell. You may want to check out for yourself - but personally the sales pitch and agents were so strange that I woud seriously question doing business with them. There's a few more threads on this with pretty much the same opinion

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