Dear Clients, Governor Kathy Hochul has announced that $125 million in state funding is now available to help landlords who are unable to participate in the New York State Emergency Rental Assistance Program (ERAP) because the federal requirement for tenants to...
Rosenberg & Estis Blog
Rosenberg & Estis, P.C. Wins Major Reversal: Equinox Required To Pay More Than $750,000 In Back Rent, $340,000 Per Month For Rent
Rosenberg & Estis, P.C. (“R&E”), a premier New York City real estate law firm with an award-winning Litigation Department, on appeal, successfully required Equinox to pay more than $750,000 in back rent and $340,000 monthly going forward for its use and...
Fines and Interest Reduction Enabling Recovery (FAIRER) Program
Dear Clients, The New York City Council, in conjunction with the New York City Department of Finance, recently passed the Fines and Interest Reduction Enabling Recovery (FAIRER) Program, which allows you to pay a reduced amount to resolve eligible Environmental...
Rosenberg & Estis, P.C. Upholds Property Owner’s Right To Take Over 545 Madison Avenue Following Thor Eviction
Case Confirms Tenant Waiver of Statutory Right to Redeem Effectively Includes A Waiver of Lender’s Statutory Right to Redeem ---------- Rosenberg & Estis, P.C. prevailed Wednesday in State Supreme Court in New York County in a case of first impression,...
Extension of Commercial and Residential Eviction Moratoriums Through January 15, 2022
On September 2, 2021, Governor Kathy Hochul signed into law an extension of the commercial and residential eviction moratoriums through January 15, 2022 (the “Moratorium Extension”). Crucially, as a result of the recent ruling by the United States Supreme Court, the...
C-PACE positioned for widespread use in NYC as environmental regulation deadlines approach
A landmark $89 million Commercial Property Assessed Clean Energy (C-PACE) loan–the first in New York City and the largest ever completed–may well signal a significant uptick in this form of financing. The NYC Accelerator, which administers the city’s C-PACE program,...
United States Supreme Court issues injunction against enforcement of New York’s Residential Eviction Moratorium
Following up on our August 3 client alert: On August 12, 2021 the United States Supreme Court delivered New York landlords a major victory by issuing a temporary injunction barring enforcement of Part A of the COVID-19 Emergency Eviction and Foreclosure Prevention Act...
CDC extends federal eviction moratorium through October 3, 2021
The Centers for Disease Control and Prevention (“CDC”) has extended the federal eviction moratorium through October 3, 2021 in U.S. counties experiencing “substantial” and “high” levels of community transmission of COVID-19. While New York City is included under the...
Rosenberg & Estis Obtains Contempt Finding Against Corporate Tenant That Failed To Pay Use And Occupancy
Court Vacates Yellowstone Injunction, Dismisses Tenant Complaint, Orders Payment of Arrearages ———- Rosenberg & Estis, P.C., has secured a major victory over a corporate tenant that defaulted in the payment of rent, commencing a lawsuit, in conjunction with a...
Rosenberg & Estis Secures Decisive Victory In Rent Dispute With The GAP and Old Navy
Defeats COVID-Related Defenses, Recovers $24 Million in Past-Due and Current Rent, Plus Interest and Attorneys’ Fees ———- Rosenberg & Estis, P.C. has successfully obtained summary judgment against The Gap Inc. and Old Navy LLC in an action commenced by The Gap and...