Bill: Make landlords give tenants first shot to buy buildings

Landlords who want out of the multifamily market after last year’s rent-law shakeup should have to offer their buildings to tenants first, a Democratic state senator says. Sen. Zellnor Myrie, who represents Central Brooklyn, is drafting new legislation that would give tenants first dibs on buying their landlord’s property should it come up for sale. The measure would let tenants convert a property into a limited-equity cooperative — a permanently affordable model pioneered in the

source https://therealdeal.com/2020/01/31/bill-make-landlords-give-tenants-first-shot-to-buy-buildings/