Apartment Building

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Apartment Building

A structure with several apartments in it. The apartments share a hallway or exterior walkway, though they are not otherwise connected to each other. Investors may purchase an apartment building to collect the rental income from tenants.

apartment (building)

A building with multiple residential tenants.
References in periodicals archive ?
He also served as a director of the Metropolitan Fair Rent Committee, also an apartment house owners organization.
Following a brief account of the early history of apartment housing in Canada, successive sections of this paper will attempt to substantiate these arguments, mainly but not exclusively in the context of Toronto, first outlining the arguments that were employed for and against the erection of apartment houses, then discussing the diversity of types and locations of apartments, and finally examining some evidence on their financing, building and ownership.
Over the years, Ruben's ownership and management of apartment houses made him keenly aware of the desperate plight of owners to survive: rent controls, increased regulations, tenant vandalism, and the like.
He came to the United States in 1970 and worked his way up from being a house painter to developing apartment houses.
Yields for well-located elevatored apartment houses dropped to a low 5 to 7 percent.
By law, the more than 22 percent overage must be shifted to the other three property classes: the Class One small homes, the Class Two apartment houses, and the Class Four, primarily commercial property.
Even in the most well-kept apartment houses, ventilation ductwork can become a breeding ground for mold, mildew, fungi and bacteria.
This brokerage operation is a perfect complement to our other areas of real estate expertise, which include the development of private homes, rental and condominiums, high-rise apartment houses, construction management and ownership and management of thousands of apartments," Steven Goodstein adds.
Davis said that he also plans to rehabilitate a group of four-story apartment houses with ground floor retail space that occupies the remainder of the First Avenue blockfront between 33rd and 34th Streets.
Such action would leave some 25,229 apartment houses alone in Class II.
Paprin remembers when he was a child watching his father, Maurice Paprin, who served 14 years as president of the Associated Builders and Owners of Greater New York, building apartment houses in Manhattan and Queens.
But it would be economic to convert them to apartment houses, and the city needs housing.