3 Family to 2 Family C of O Conversion
I am in contract to buy a 3 family brownstone. I would like to convert the house into a 2 family with 1 owner unit and 1 rental unit.
Assuming we use an expeditor and an architect who knows what they are doing, how long does it take to get the paperwork approved to change the certificate of occupancy?
I am thinking of asking the current owner to submit the paperwork to the building dept for the conversion with the goal of getting the process moving asap. Also, we would get a better mortgage rate at closing if the house were a 2 family. I would of course prepare the paperwork and pay all fees, etc. The house is currently occupied by only one tenant (the other two moved out).
Any thoughts?
