Good afternoon William,
I'm Doug, and I'm very sorry to hear of your situation. My goal is to provide you with excellent service today.
The unit you are looking at is Rent Stabilized and even if you buy the unit you probably will not be able to evict the tenants immediately. NY law requires the following should you wish to move into the unit yourself as the owner:
An owner may refuse to renew a rent stabilized tenant’s lease in NYC because the owner wants the apartment for personal use and occupancy as a primary residence for the owner or a member of the owner's immediate family. Under the Rent Stabilization Law, an owner may begin an eviction proceeding when the current lease expires, but only after the tenant is given written notice that the lease will not be renewed. This notice must be served at least 90 and not more than 150 days before the current lease term expires.
Also be aware that if the tenants have lived in the unit more than 20 years, or if any of the tenants are 62 or older or legally disabled, then you will not be able to evict them regardless of your ownership. So, you must be sure to inquire as to the age of the tenants, the time they have been there as well as whether any of the tenants are legally disabled.
So, you will need to determine when the tenant's present lease expires and once you are the owner, you will give written notice of the termination of the tenancy in accordance with the law.
You may reply back to me using the Reply link and I will be happy to continue to assist you until I am able to address your concerns, to your satisfaction.
I hope that I have been able to fully answer your question. As I am not an employee of JustAnswer, please be so kind as to rate my service to you. That is the only way I am compensated for assisting you. Thank you in advance.
I wish you and yours the best in 2016,