Rent stabilized 6 family – what can we do?
My husband and I are looking into this 6 family building in Park Slope. There are 5 rent stabilized apartments and 1 vacant room. We’re not sure if we should stay away from this deal. Here are our questions:
1)The current vacant room(1br) is not big enough for us. Can we occupy next door 1br and connect them to make into 1 large unit? If we did so, does that change the building from 6 family to 5? How does that affect the building status?
2)If it’s too difficult to connet 2 one-berooms (due to layout and etc.), is it possible for us to occupy a larger unit that’s currently occupied? Or are we only limited to move into a currently vacant unit, even if it’s too small?
3)If neither of above options work out, we may not live there at all. In that case, we can rent out the vacant unit at market rate, which will be over $2000/m. Again, how does that affect the building status?
Any advice is appreciated. Thank you!!
