The redevelopment of Willets Point in Queens is a significant urban development project in New York City, featuring the construction of a new soccer stadium for the New York City Football Club (NYCFC), to be called Etihad Park. A key aspect of this project involves...
Dean Arfanis
NYC’s Capital Debt and Real Estate Valuation (FY2025)
The NYC Comptroller’s Annual Report on Capital Debt and Obligations for Fiscal Year 2025 provides an important update on the city’s debt management and its implications for property owners. As the city addresses infrastructure demands and fiscal constraints,...
Port Authority Midtown Bus Terminal Replacement – $2 Billion Payment in Lieu of Taxes
On November 21, the New York City Council unanimously approved the Port Authority's project to replace the Midtown Bus Terminal through the City's Uniform Land Use Review Procedure (ULURP). This decision has significant implications for the city's infrastructure,...
Property Tax Error Correction Rules and Their Proposed Changes
The New York City Department of Finance (DOF) has proposed significant amendments to Chapter 53 of Title 19 of the Rules of the City of New York, which governs the correction of certain errors affecting real property assessments and taxes. These changes aim to refine...
Rosenberg & Estis, P.C. secures City Council Approval for 962-972 Franklin Avenue Rezoning
Rosenberg & Estis P.C., currently celebrating its 50th year as one of New York City’s pre-eminent real estate law firms, announced that it has successfully secured approval for the rezoning of 962-972 Franklin Ave., a planned 10-story, 355-unit rental building in...
NYC DOF Mails Second Half Property Tax Bills for 2024/25
The New York City Department of Finance (DOF) is currently mailing out the second half, or third quarter, property tax bills for the 2024/25 tax year. These bills, dated November 16, 2024, are for payment due on January 1, 2025. This marks an important update as these...
Reminder: Corporate Transparency Act (“CTA”) Reporting Requirements
As the year is coming to a close, we wanted to remind everyone of the reporting requirements of the Corporate Transparency Act (“CTA”), which took effect on January 1, 2024. While all non-exempt entities created in 2024 are required to comply with the CTA reporting...
Rosenberg & Estis, P.C. secures Zoning Amendment to permit New Apartment Development in Queens
Rosenberg & Estis, P.C., currently celebrating its 50th year as one of New York City’s pre-eminent real estate law firms, announced that the firm has secured a rezoning that will permit the development of a new five-story, 35-unit apartment property at 31-17 12th...
Rosenberg & Estis, P.C. Celebrates Attorneys included in 2025 Edition of Best Lawyers in America
Rosenberg & Estis, P.C., currently celebrating its 50th year as one of New York City’s pre-eminent real estate law firms, announced that seven of its attorneys have been named among The Best Lawyers in America in the 2025 edition of the prestigious guide to legal...
Rosenberg & Estis, P.C. Secures Zoning Variance to Convert Former Factory Space to Residential Unit
Rosenberg & Estis, P.C., currently celebrating its 50th year as one of New York City’s pre-eminent real estate law firms, announced that the firm has successfully secured a zoning variance for the conversion of nine commercial units located within a former factory...