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[quote=Anonymous]So here goes...sharing here as sometimes perfect strangers shed light on things in new ways. Stepparent was an artist who moved into a Soho loft in 1962 and gradually built out the space. She passed away a few years ago, and dad sadly passed away in October. The loft is covered under the 1982 Loft Law. My son and I live in DC but have been here for the past three months to be with dad and start the process of getting rid of a loft full of items accumulated for decades, while we are schooling and working virtually. We just learned from an attorney that we can either put in an offer to the landlord to buy the "fixtures" (improvements made by the family over the years) and the right to retain the rent-stabilized lease, which of course he can refuse and match or we can sell the same to another prospective tenant. (The attorney knows one who is already interested). This transaction can only happen once in the life of a loft.

We've been visiting NYC for years as we have other extended family here but have never lived here other than the past three months. Here's the dilemma - do we try for the loft and move to the city for the next several years? Have always loved our visits here but living here seemed out of range. As I work in non-profit/philanthropy, would be looking at public school 7th grade through high school with very little knowledge of the system here. Or do we take our share of the cash and return to life in a quiet, residential neighborhood in DC (small, overpriced rental) where we moved for a strong public middle school? Area is fine, don't love it, don't hate it. Job will likely be remote until at least early summer and could probably make a case for some advantage to being in NY although not confirmed.

Unsure about what kind of education environment we might find. DS is a decent student but unlikely to be highly competitive for the strongest admissions schools.

Thanks for any insight![/quote]

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