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Old 06-21-2011, 09:07 AM
 
Location: NYC
1,040 posts, read 1,266,565 times
Reputation: 814

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Quote:
Originally Posted by Remington22 View Post
U P D A T E

Just thought all of you would like to know that on May 1, 2011 I was bought out of my lease for $24,500.

Yup.
Enjoy your bickering about the rent laws all you like.
I got MORE than I thought I would and it was a painless process.
Why shouldn't I have taken it?
He offered---I accepted.


Even apts in Brooklyn were being bought out for twice as much why go so low in the Village?
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Old 06-21-2011, 11:05 AM
 
32 posts, read 69,539 times
Reputation: 26
Quote:
Originally Posted by bluedog2 View Post
OMG,You gave up an 800/mo stabilized apartment in the village for 24,500 ? I thought most people got at least double that.

Where will you go with that ? It will be gone in a couple of short years !
Quote:
Originally Posted by Thehouse View Post
congratulations. You are now a rich individual.
You guys either cannot read, or simply are so upset that I got paid you have to make silly posts like that.
If you read my verrrrrrry first post on this thread you'll notice I said we bought a house out of state.
WE WERE LEAVING ANYWAY!

Quote:
Originally Posted by Kefir King View Post
Landlord did okay.

So now the landlord will put in a new kitchen and bath for 20 G's and CALL it $48,000 Capital Improvements and thus divided by 40 he can raise the rent by $1200 to get the magic number...$2000 and the apartment LEAVES rent stabilization forever. If he can find a dumb jackass to pay $3000 then that's the legal rent.
What do I care?

Oh and here's another little jab at the those that hate me. Let me give you more fuel for your fire.
The last 8 months we were 'there', I sub-letted my apt for $1200 to my friends brother in law---$400 profit for me each month.

Do I feel like I ripped off the landlord?
No. I feel like I've been ripped off for 20 years of the landlord trying to get me out because I kept complaining about BASIC repairs.
Has your landlord ever gone up on the roof and CUT your cable TV wire?
Mine did....twice.
Has your landlord ever cursed and screamed at your wife because she woke you up at 11:30 AM to complain about the lack of hot water?
Mine did.
The list could go on and on...
But it's just a memory for me now. No more New York City. I love it.
I now own a rather nice house nowhere near NYC. I managed to save up a huge down payment which keeps my mortgage under $900.00.
....and I still have yet to touch the tax free cashier's checks I got from them.

Jealous? No need...you can do it too.
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Old 06-21-2011, 06:09 PM
 
1,119 posts, read 2,659,236 times
Reputation: 890
Did you mention some where that you will post some pictures of this tiny apartment if you get bought out? Many of us are still wonder how people can survive in such a small space for so long.
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Old 06-27-2011, 02:53 AM
 
84 posts, read 398,738 times
Reputation: 57
I PAY $34 A MONTH HOW MUCH SHOULD I ASK FOR 250,000 OR more?
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Old 06-27-2011, 03:17 AM
 
107,076 posts, read 109,388,270 times
Reputation: 80448
depends , how many dividers do you have in that refrigerator carton.?
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Old 06-27-2011, 12:54 PM
 
Location: Manhattan
25,424 posts, read 37,199,557 times
Reputation: 12833
Remington,

Good for you.

(And I have landlord stories that would make yours seem like gentle breezes. My landlord chased me when I knocked on his door for HOT WATER, chased me with a COLT 45 that is. He didn't CUT my cable he mangled my TV antenna with tenna-rotor that got 3 state coverage. I should only live as many years as the days that bastard shut off our heat...I'd have to be a vampire to live several hundred years.
If I had been able to take him for $100,000 I'd have not felt a twinge of guilt. He'd be in prison now if there is a just God. But since he is Mafiosi, I'm sure he's doing just fine with his chain of newly degraded slum buildings.)
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Old 06-28-2011, 06:18 AM
 
1,494 posts, read 2,727,722 times
Reputation: 929
Anyone know what a 3br rent controlled apartment 1 block away from Union square would go for, buyout-wise?
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Old 06-28-2011, 06:45 AM
 
Location: Manhattan
25,424 posts, read 37,199,557 times
Reputation: 12833
Quote:
Originally Posted by Alkonost View Post
Anyone know what a 3br rent controlled apartment 1 block away from Union square would go for, buyout-wise?
I would say a couple hundred G's.
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Old 06-28-2011, 01:41 PM
 
1,494 posts, read 2,727,722 times
Reputation: 929
Quote:
Originally Posted by Kefir King View Post
I would say a couple hundred G's.
Thank you kindly
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Old 06-28-2011, 01:50 PM
 
107,076 posts, read 109,388,270 times
Reputation: 80448
Quote:
Originally Posted by Kefir King View Post
I would say a couple hundred G's.
we are buying out our tenants and own apartments in a very prestigious archectural landmark building over looking central park on central park south and 7th ave . we were paying 100k at the peak. today its around 50k and these apartments are worth 1-2.5 million and we are buying them out only because we are selling them. if we were going to re-rent them we would pay nothing .
so far 9 out of 11 tenants accepted buyouts over the last decade.

Last edited by mathjak107; 06-28-2011 at 02:02 PM..
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