Legal

Beginning January 1, 2026, the New York LLC Transparency Act (“NYLLCTA”) will require limited liability companies formed or registered in New York State to report information about their beneficial owners to the Department of State. However, a veto of S8432/A8662 by Governor Kathy Hochul on Friday, December 19, 2025, loosens the requirements under the NYLLCTA. […]

The following client alert has been written in collaboration with UrbanDigs. Manhattan and Brooklyn residential condominium pricing has held steady through the second quarter of this year, according to UrbanDigs, but shifts in foreign exchange rates have made the market more accessible to certain international buyers. The U.S. dollar has declined nearly 11% this year against

Legal Requirements For Trust-Owned Co-op Apartments Trust ownership has emerged as an effective strategy for cooperative apartment shareholders seeking to avoid probate and achieve broader estate planning objectives. In recent years, an increasing number of shareholders have adopted this approach as part of their comprehensive estate planning, and cooperative boards have become more familiar with

Midtown South Rezoning Clears Final Hurdle On August 14, 2025, the New York City Council approved the Midtown South Mixed-Use (MSMX) rezoning plan. The measure, which previously passed through the Zoning and Franchises Subcommittee and the Land Use Committee, represents the largest housing-focused rezoning adopted by the city in more than two decades. This client alert outlines the key amendments and features of

On May 28, 2025, the New York City Council passed the Rent Transparency Act (Intro. 1037-A) with a supermajority of 49 votes. This new legislation introduces signage requirement for owners of buildings containing rent-stabilized units. The Rent Transparency Act will take effect at the end of January, 2026. This client alert will summarize the law’s

There has been a substantial amount of office to residential conversion activity in New York City, and this conversion activity will transform the landscape of New York as such projects continue to come on line and accelerate. This client alert will highlight several notable conversion projects that have advanced or been announced, the effects of

On April 17, 2025, New York City Mayor Eric Adams signed into law a series of reforms to address the use and design of sidewalk sheds across the city. The new legislation, initially proposed under the city’s “Get Sheds Down” initiative, limits the duration of shed installations, tightens permitting rules, and introduces new penalties for

Know What Residential Lease Disclosures to Provide in 2025 New York City rents reached another record high in March, 2025. According to a Douglas Elliman report prepared by Miller Samuel available HERE, the median rent in Manhattan was $4,500. In New York City, Landlord obligations, also continue to increase. This client alert will address the 2025

What Businesses Need To Know About The Corporate Transparency Act As noted in past client alerts available here, here and here, Corporate Transparency Act (CTA) enforcement of the Beneficial Ownership Interest (BOI) reporting requirement has been repeatedly delayed beyond the original Jan. 1, 2025, deadline. Recent Developments On March 2, 2025, FinCEN announced a temporary suspension of proposed civil

Commercial leasing activity in New York City is increasing, with Q4 2024 being widely reported as the most active in office leasing transactions since the pandemic. Given the activity in the commercial leasing market, this client alert will address the basics of the Commercial Rent Tax (CRT) which can be a hidden cost to tenants.