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How to evaluate 'buyout' offer (by new landlord)

Posted by Michael Kraft on December 12, 2001 at 13:11:23:

I expect to be offered a 'buyout' on my rent-stabilized apartment (Upper West Side Manhattan brownstone) by the new landlord of the building. (An offer has already been made to one of the other tenants.)

While weighing the alternatives (i.e., not accepting the buyout), how can such an offer be evaluated, strictly financially? In other words, is there a source of 'comparables' for what buyout offers tend to be in particular areas of the city for 1-BR, 2-BR, etc. ?


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