Legal

Lead paint disclosure has long been a requirement in residential real estate transactions. In 1978, the United States Consumer Product Safety Commission banned the residential use of lead-based paint ≥ .06% lead (600 ppm). In 1992, the United States Congress enacted the Residential Lead-Based Hazard Reduction Act which required the disclosure of known information on […]

The past year brought a steady flow of legal changes in New York that affected New York City real estate in different ways. Below is a review of some of our 2025 client alerts.   Fair Chance Housing Act: Local Law 24, the Fair Chance for Housing Act, took effect on Jan. 1, 2025. The law

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