Big rent stabilized building, 291 292 Lincoln for sale (near Underhill)
Comments
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Oh, really?"The properties have been meticulously maintained by a long-term owner and recently underwent an extensive capital improvement program."Translation - MCI?
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"The unit mix consists of 10 free market, 1 rent controlled, and 38 rent stabilized units."
If I were a potential buyer, I would want to know whether prior efforts have been made to vacate the 38 RS units.
If they have already been offered $100k each to move and declined, that would give me pause. -
I don't think I would ever get to the level that I put tenants through this: https://patch.com/new-york/prospectheights/flippers-playbook-how-nyc-slumlords-terrorize-tenants-get-away-it
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