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Updated 29 days ago on . Most recent reply

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96
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Isadore Nelson
22
Votes |
96
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How Can I Remove a Property from Rent Stabilization in NYC?

Isadore Nelson
Posted

Hi all,

I’m an investor looking to understand how to legally remove a property or unit from rent stabilization in New York City. If I purchase a building with rent-stabilized tenants, are there any legal ways to de-stabilize the units, especially after doing significant renovations or rehabbing the property? What criteria or requirements must be met for this to happen, and what’s the process I need to follow to ensure compliance with the law?

Thanks in advance for any insights or experiences!

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