Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 4 years ago,

User Stats

15
Posts
3
Votes
Bill Liu
  • Investor
  • Hackensack, NJ
3
Votes |
15
Posts

Convert 6 family down to 5 family NYC rent stabilized. Can I?

Bill Liu
  • Investor
  • Hackensack, NJ
Posted

Hi, I would like to ask the well of wisdom that is bigger pockets if anyone has heard of or has experience with converting a nyc 6 family building into a 5 family to get out of rent stabilization. These buildings typically have 3 floors with 2 units per floor. I thought if you took the first floor and knocked down a wall and remove a kitchen you can turn 2 units into 1 unit. If this brings the whole building out of rent stabilization, then you can charge 2000 a unit instead of 1200. still worth it even with 1 less unit. Any one heard of people doing this? Is this legal? thanks.

Looking for any stories especially after the 2019 law change.