Eviction process in NYC

[Solon S.]

I wanted to see what people's experience is with the eviction process, especially in NYC (or a similar big city). I'm currently analyzing a great deal in NYC, but the issue is that there are currently uncooperative/delinquent tenants in the property (I discussed more specifics in a separate post). 

I wanted to get a handle of what the eviction process is like in the city and see if it would be worth acquiring. It would need a full rehab, but even then I'm estimating to get $100-150K worth of equity out of it and a good cashflowing property.

Thanks for any help on this.

[Krystof Pilisiewicz]

Hi @Solon Stephanou,

The eviction process depends on the type of the building the tenants occupied. If this is 1, 2-family house that should be easy and it should take you about 2-3 months.

I did this on my property (2-family house in Ridgewood, Queens) when I had to evict an older couple who didn't want to agree to my increase of the rent and didn`t want to move. Hire a lawyer who does this, and you will be fine.

Good luck!