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Updated over 8 years ago,
Zoning and conversions in Rochester ny
Hi everyone
Question for those directly with knowledge or experience in zoning and deconversions in Rochester NY since it's a niche. I am curious to hear from anyone with experience for advice and maybe some mentorship. I am a licensed realtor and have come across a few multifamily properties that are deeply discounted and if possible to keep zoned as multi would add quick value. Based on my knowledge and experience a multifamily such as 2 3 and 4 units if left vacant for over 7 months loses its zoning rights non conforming and must be deconverted to a single. which of coarse would be costly and time consuming also decreasing cash flow in most cases and overall wouldn't make sense for my objectives. Looking for someone with experience with zoning and maybe boarding rooms and houses ways to increase cash flow legally and cost effectively. My slight knowledge comes from my own experience bought a 3 family but lost zoning rights was legally an r 1 residential zoned area but listed as 3 family city said I would have to deconvert or go in front of zoning board with all sorts of info to convince them to zone as a 3 family. So how would I know if a multifamily must be deconverted or not? Is there a way to accurately research this as I came across some good deals one is a 2 family listed as such but seems it maybe required to deconvert based on the price. Thanks
P.s. Possible partner or mentor bounce some ideas off each other as I like to create win win situations