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bunch of guys in suits in my building this am — Brooklynian

bunch of guys in suits in my building this am

Comments

  • paraderest
    paraderest
    I really hope you didn't let these people in. If they want to view the inside of your apartment, they can make an appointment for a time that's more suitable for you. The only time the landlord has to be let in is for an emergency repair that is affecting other tenants (water leak, gas leak).
  • cythren
    cythren
    --
  • capt. planet
    capt. planet
    Cythren:

    The proper procedure is to make an appointment 24 hours in advance.

    Actually refinancing the owner's mortgage might save your building from foreclosure, which definitely wouldn't be pleasant for the tenants. It might also mean that the landlord is trying to get money to make repairs, also not a bad thing. So, when done properly, letting a banker into your apartment might be a good thing.
  • cythren
    cythren
    --
  • capt. planet
    capt. planet
    After a little research, I see that even if the building were to be sold, rent-stabilized tenants cannot be forced out. Apparently when the lease ends it has to be renewed at a fixed rate if the tenant wants to stay. The only way to change a rent-stabilized building to condos is to offer buyouts to the tenants.

    What the landlord can do is apply with the NY State for a major capital improvement, ie, replace the boiler, the roof, the windows. If the application is approved, then he/she can pass the cost of the improvements through to the tenants at the rate of 1/40th of the cost per month. Also if a unit becomes vacant, he/she can upgrade it by putting in new kitchens, baths, floors, lighting, whatever and also, with the proper State approvals, apply the cost of the upgrades to the rents.

    That protection is a relief to me, and no doubt to many of the other tenants in this building.
    Despite the state protections, the state will not make repairs in your apartment (except in extreme cases). So having a landlord who has decent cash flow, who is actually able to pay his mortgage, improves the likelihood that you'll have a decent place to live.
  • anonymous
    anonymous
    Why would you lump East New York and Canarsie with Bay Ridge? The first two are horrible dangerous neighborhoods, Bay Ridge is a nice clean and safe area with plenty of bars, restaurants, and shopping. And it is still relatively affordable. Plus the commute is not that bad as some think - its only about 15 minute tops from the Bay Ridge Ave stop on the R to Atlantic/Pacific where you can get any subway. Or you can catch the express at 59th st.

    [random hostility redacted -- Mod]
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