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 Blog
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...
Good Cause Eviction (“GCE”) on the horizon?
One of the many clouds that has been hanging over New York real estate is the prospect of “Good Cause Eviction” (“GCE”) becoming law statewide. While GCE stalled in the New York State Legislature’s most recent session, its fervent supporters are continuing to advance...
Emergency Application at United States Supreme Court to Enjoin New York’s Residential Eviction Moratorium
Since the beginning of the COVID-19 pandemic in March 2020, New York owners have been stymied and frustrated by the various eviction moratoriums that have been instituted -- first by Executive Order of the Governor, and later by legislation. The current legislative...
R&E July 2021 Newsletter
Estate Planning 2021: Estate Planning in 2021--The Time is Ripe Under the Tax Cuts and Jobs Act (“TCJA”), passed by Congress in 2017, federal gift, estate and Generation Skipping Tax (“GST”) exemptions have increased to $11,700,000 (or $23,400,000 for a married...
NYC Property Tax Rates for 2021 – 2022
The New York City budget passed last week and the City Council set the fiscal year 2022 (7/1/2021 – 6/30/2022) property tax rates as follows: The tax class 4 (commercial) tax rate is the highest in 15 years. The tax class 2 (apartment buildings) tax rate is the lowest...
Rosenberg & Estis, P.C. Facilitates $89M Loan, Biggest C-Pace Deal in U.S. History, First in NYC, To Retrofit 111 Wall Street
Deal funds energy efficient retrofitting of landmark 111 Wall Street, former Citibank Building ———- Rosenberg & Estis, P.C. recently facilitated an $89 million NYC Accelerator Commercial Property Assessed Clean Energy (C-PACE) loan to help Nightingale Properties...
Rosenberg & Estis Successfully Defends Brooklyn Property Owner Against False Tenant Claims Of Fraudulent Rent Overcharges
Rosenberg & Estis, P.C. recently prevailed in State Supreme Court in Kings County, successfully defending a Brooklyn property owner from false tenant claims of fraudulent rent overcharges. The ruling affirmed that there must be injury to a tenant to prompt...
“Housing our Neighbors with Dignity Act” aka “HONDA”
The NYS Legislature has just passed, and Governor Cuomo is expected to sign into law, the “Housing our Neighbors with Dignity Act” or “HONDA” which enables an existing State public benefit corporation, the NYS Housing Trust Fund Corporation (“NYS HTFC”) to finance and...