Converting a single family into a triplex and garden rental
What are the pros and cons of converting a single family brownstone into a triplex with a garden rental?
What are the pros and cons of converting a single family brownstone into a triplex with a garden rental?
Taxes will only go up if the new C of O is 3 family or more. The city is not raising 1 or 2 family.
Much better for resale value to have a triplex with rental.
Do you think it has an effect on resale revalue?
Then obviously the pros are that someone will give you money to live in your first floor and the cons are that whoever that is will expect things from you as landlord.
It is already a legal 2 family
a new c of o will get you new assesment based on true value and taxes will go way up.