Posted by me on July 23, 2001 at 00:56:58:
In Reply to: LANDLORD OFFERING $$$ TO GIVE UP RENT STAB LEASE posted by Marc Operheim on July 18, 2001 at 17:08:55:
It's a simple economic decision. If you wanted to move anyway, grab it. If you didn't, determine what the market rent is for the apartment you would want, determine how long you would live there, and do the math.
Rarely do buyout offers compensate for the increased rent you would be paying elsewhere -- unless, as I say, you were planning to move anyway.
If you plan to stay in NYC, remember what you lose by giving up a rent stabilized lease--the guarantee that you wont be rent gouged in the future.
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