I own a property in East Hampton NY that has three houses on it. Valid
Certificate of Occupancy on all. Just over 1 acre lot on a 1 acre
zoning (houses grandfathered-in previous to new zoning).

I collect rent on one, but as I have become disabled I would like to
sell one of the houses and give another to my daughter while
continuing living on the third.  The process of asking for a
subdivision and variances to Zoning  seems to be long and iffy. Is it
better if I can  convert the three houses to a co-op or condominium
state and than sell one?

Can a corporation  own a property and then sell 1/3rd of shares for one house ?
Is this a difficult undertaking and what problems could I encounter?
Taxes, liability, etc?


Thanks for answer and comments