Dear clients, This week the Court of Appeals, New York State’s highest court, delivered a major victory to owners of buildings subject to the Loft Law. In Matter of Aurora Assoc. LLC v Locatelli (click here to read the decision), the Court held that covered units...
Rosenberg & Estis Blog
Rosenberg & Estis, P.C. Represents The Durst Organization For Broadcast License Agreements At One World Trade Center
Independent Station WMBC & Spanish-Language Broadcaster WKOB Will Use Tower For TV Rosenberg & Estis, P.C., New York City’s premier real estate law firm, recently served as legal counsel to the Durst Organization in deals to relocate WMBC and WKOB to the...
R&E January 2022 Newsletter
Read the full newsletter here Featured Story #1 Good Cause Eviction - A Summary and Analysis The New York State Legislature is currently considering the “Good Cause Eviction” bill (GCE), a sweeping proposal that would apply to virtually all free-market housing...
Gov. Hochul Proposes 421-a Replacement: ANNY
Governor Hochul has issued draft legislation for a new property tax exemption program called “Affordable Neighborhoods for New Yorkers” or “ANNY” which is intended to replace the expiring 421-a program. ANNY contains several key differences from the current 421-a...
(Video) Rosenberg & Estis, P.C. NYC Property Tax Reform webinar presented by Benjamin M. Williams
Benjamin M. Williams, head of R&E’s property tax group, presented a NYC Property Tax Reform webinar addressing 2022 NYC property tax reform recommendations, as outlined in our recent client email alert from January 6. During the presentation, Ben references one of...
Rosenberg & Estis, P.C. Obtains $50 Million Settlement For Developer Through Mediation
Michael C. Castellon of Rosenberg & Estis, P.C., a premier New York City real estate law firm with an award-winning Litigation and Construction Department, recently mediated an action pending in the Supreme Court of New York, on behalf of a developer client,...
R&E Webinar on January 13: NYC property tax reform recommendations
COMPLEX. INEQUITABLE. OPAQUE. CONVOLUTED. ARCANE. “While New York City boasts innumerable characteristics of a vibrant metropolis, a fair, simple, and transparent property tax system is not among them.” The NYC Advisory Commission on Property Tax Reform...
Gov. Hochul Announces Criteria for Replacement 421-a Program
Governor Hochul’s 2022 State of the State Briefing Book includes a proposal to replace the 421-a tax incentive aka Affordable New York Housing Program (“421-a”) with the following changes: • Strengthen affordability to service lower income households than 421-a. •...
NYS HCR Issues 2022 High Rent Deregulation Threshold: $2,858.63
NYS HCR has confirmed the 2022 high rent deregulation threshold is $2,858.63. Despite HSTPA repealing high rent deregulation in most cases, it is still available for “market units” in buildings receiving benefits under RPTL 421-a(16) aka the “Affordable New York...
Rosenberg & Estis, P.C. Secures Appellate Division Win For Owner Against Tenant Seeking Attorney’s Fees
Rosenberg & Estis, P.C., prevailed Tuesday before the Appellate Division, First Department of the New York State Supreme Court in a dispute over whether a residential landlord was responsible for a tenant’s attorneys’ fees arising from a DHCR luxury deregulation...