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Updated over 7 years ago on . Most recent reply

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Zachary Riggio
  • Riverhead, NY
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Basement apartments on Long Island NY

Zachary Riggio
  • Riverhead, NY
Posted

My wife and I are looking for a home is Suffolk County, NY with the potential of or having a finished basement apartment for purposes of offsetting our mortgage payments/taxes every month. Would like any advice on what to look for and what constitutes a legal basement apartment. Thanks.

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Alexander George
  • Rental Property Investor
  • Greater NYC Areas, NY
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Alexander George
  • Rental Property Investor
  • Greater NYC Areas, NY
Replied

I can confirm one thing... Long Island is the land of the illegal basement apartments. Cost of living is insane, and every one is illegally renting out a part of the house to make the bills. I have seen this in many of the communities with the "mini mansions". 

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