Rosenberg & Estis was pleased to host REZI, a client of R&E Member Michael T. Carr, in our offices at 733 Third Avenue for its Quarterly Retreat, which brought together members of the REZI team from across the country and even parts of Europe. With an...
Rosenberg & Estis Blog
Deep Dive: Commercial to Residential Conversions (proposed RPTL 467-m)
As part of her 2024 budget proposal, Governor Hochul has proposed the addition of §467-m to the Real Property Tax Law. Dubbed “Affordable Housing from Commercial Conversions” or “AHCC,” the proposal would incentivize the conversion of non-residential buildings in New...
Rosenberg & Estis Represents Durst Organization In Deal To Bring Look Cinema To VIA 57 WEST
Rosenberg & Estis, P.C. served as legal counsel for The Durst Organization in a lease transaction to bring LOOK Cinemas to VIA 57 WEST, the Bjarke Ingles-designed luxury apartment property at 625 West 57th Street in Manhattan. Jolie E. Meer, a Member with the...
Bisnow’s NY Construction & Development Conference
Charles R. Pierce, Jr., Member and Head of R&E Construction Law, moderated the opening panel, “Building & Developing New York City's Top Projects” at Bisnow’s NY Construction & Development Conference. The panel offered an inside look at which boroughs...
Industry Update: Local Law 18
The New York City Council passed Local Law 18 in January 2022 regarding registration of short term rentals, which Local Law became effective on January 9, 2023. Pursuant to Local Law 18, booking service platforms such as Airbnb, VRBO, Booking.com and others that...
Second Circuit Upholds the Constitutionality of the Rent Stabilization Law (RSL)
In widely-expected decisions issued on February 6, the U.S. Court of Appeals for the Second Circuit upheld the constitutionality of the Rent Stabilization Law (RSL) as amended by the Housing Stability and Tenant Protection Act of 2019 (HSTPA). Surprisingly, the...
R&E’s “Deeper Dive” into Gov. Hochul’s New York Budget Proposal
Governor Hochul’s newly released Budget Bill contains many new and significant provisions to incentivize, require and / or facilitate production and preservation of housing and affordable housing in New York City and New York State. Rosenberg & Estis, P.C. is...
White House Releases “Blueprint for a Renters Bill of Rights”
On January 25, 2023, the White House released a “Blueprint for a Renters Bill of Rights” and a statement titled “New Actions to Protect Renters and Promote Rental Affordability." The guidance lays out the Biden Administration’s plan for sweeping tenant protections...
PHFL Amendment Allows for Collection of Higher Rents in Certain Affordable Housing Projects
In December 2022 the New York State Private Housing Finance Law (PHFL) was amended to allow owners of affordable housing properties to collect rents above the Legal Regulated Rent so long as a Regulatory Agreement is in place with a State or Municipal Agency, Public...
NYC Property Tax Update With New 2023-2024 Assessments
The NYC Department of Finance (DOF) released the 2023/24 tentative assessment roll on January 17, 2023. The Tax Commission application filing deadline to protest your assessed value is March 1, 2023. Market values and taxable values increased for tax classes 2 and 4...