Summit (NY) commercial apartment / condominium building for lease, Summit (NY) commercial real estate for lease or rent

Summit (NY) apartment and condo buildings are sometimes great investments as they can be leased in part or in whole to a single tenant or several tenants. If the whole Summit building is to be leased, the lessee can be responsible (most likely) for all the upkeep and service charges related to the Summit (NY) apartments or condominiums.

Why lease your Summit (NY) apartment building and not just buy? It could take up to 30% down payment to make that happen, but with a master lease you can acquire Summit (NY) investment property for a smaller down payment and fairly lower risk. If you are wanting to eventually purchase the Summit (NY) property, make sure your lease is drawn up by a capable attorney who knows real estate law thoroughly.