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Reply to "Only $35,249 for this apartment? Is it typo?"
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[quote=Anonymous]It makes no mention of a ground lease in the listing. Also condos can also have ground leases. Less condos than coops have ground leases but it does happen. I recall my brother and I viewed a brand new condo building high rise in Manhattan in 1992 with a 100 year ground lease with a locked in rent for 100 years. The realtor said you will be long dead before that 100 years is up in 2092 so dont worry. Guess what in 2026 I bet people buying are now worried. For example, there are condo buildings on Roosevelt Island and in Battery Park that lease their sites from NYC, and buildings such as Quay Tower in Brooklyn Heights.[/quote]
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