Is there a market for sandwich leases on Long island?

[Shannon Fogarty]

Hi all, I am interested in concept of sandwich leases, but all the examples I see of people who have done them do not reside in NY state. Is it legal in NY? Is there a market for it on Long Island?

[Account Closed]

Originally posted by @Shannon Fogarty:

Hi all, I am interested in concept of sandwich leases, but all the examples I see of people who have done them do not reside in NY state. Is it legal in NY? Is there a market for it on Long Island?

 They are legal almost everywhere (not Texas except in limited circumstances) so it is best to ask a real estate attorney in the area you want to do them. They can be very advantageous but they can also get you into trouble if you don't do them correctly. Don't rely on info from a very generalized forum like this for very specific information that you need.