Rent Controlled Tenants

I’m thinking of buying a multifamily and converting it to a two family. I’ll be purchasing it with a friend whose family will occupy the other unit. Does anyone have experience with the process. It’s not an SRO but it does have a couple of rent controlled tenants. Any guidance on the amount of time and cost to get the place vacated? I can’t make these guys rich by paying them off since I’m putting pretty much all the assets into the purchase.

By Hot For Brooklyn |