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Updated over 9 years ago on . Most recent reply

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170
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James W.
  • Jersey City, NJ
12
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170
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Eviction in Manhattan - Rent Controlled/ Stabilized properties.

James W.
  • Jersey City, NJ
Posted

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?

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