Eviction in Manhattan - Rent Controlled/ Stabilized properties.
Hi-
It seems there are these rent stabilized/ controlled properties in NYC/ Manhattan, where the tenant cannot be evicted by landlord. There're no exception clauses really, perhaps except if landlord is going to live there, and that too, with a pressing need.
1 - A quick Google says yes it is - but i'll still ask - is this correct?
2 - Does this mean not to buy occupied properties in NYC for a flip? Its never going to be evicted.
3 - Is there a way to tell if the Occupant is a Tenant, or the Owner?
Evicting the owner should be different and perhaps simpler, I suppose?
Has anyone had experience in buying Occupied in NYC, and evicting the tenant?