The NYC Department of Finance (DOF) released the tax year 2024/25 tentative assessment roll on January 16, 2024. The Tax Commission application filing deadline to protest assessed values is March 1, 2024. DOF will use these values to compute taxes due July 1, 2024. To...
Rosenberg & Estis
YJP Roundtable: Investment, Development & Management in Real Estate (Zachary J. Rothken as Moderator)
Zachary Rothken, Member and Head of the firm’s Administrative Law Department, moderated a roundtable discussion for YJP - Young Jewish Professionals, "Investment, Development & Management in Real Estate," with speaker John Usdan, CEO of Midwood (Young Leadership)...
NYS Assembly Introduces Chapter Amendment to Recent Rent Stabilized Housing Legislation
As we previously advised, on December 22, 2023, Governor Hochul signed S2980C, related to a series of housing issues, and subject to a negotiated chapter amendment to be passed by the Legislature during the legislative session, which began on January 3, 2024. On...
ICAP Deadlines Coming in Early 2025: Plan Your Commercial Project Now
The Industrial and Commercial Abatement Program (ICAP) provides a New York City property tax abatement for the construction or renovation of commercial, industrial, and certain mixed-use properties. In order to be eligible for these property tax benefits, property...
Carbon Neutrality Zoning Amendments: New Opportunities for Developers and Property Owners
On December 16, the City Council approved City of Yes for Carbon Neutrality, a series of zoning amendments designed to further the city’s target to achieve carbon neutrality by 2050. The proposal is the first of three major zoning changes put forth by the Adams...
NY’s LLC Transparency Act Signed by Governor; Chapter Amendment Pending State Legislature Approval
On December 22, 2023, Governor Hochul signed the New York LLC Transparency Act (NYLTA) into law, with one major change to be made through a chapter amendment which will need to be approved next year by the state legislature. While the initial draft of the NYLTA...
Governor Signs New Rent Stabilized Housing Legislation
As we advised in previous email blasts, last summer, the New York State Legislature passed two bills that sought to significantly impact rent stabilized properties: NYS Senate bills S2943B and S2980C. S2943B sought to reverse the protections provided by the Court of...
Rosenberg & Estis Announces that David J. Rosenberg has Joined the Firm as Of Counsel
Rosenberg & Estis, P.C., a leading New York City real estate law firm, has announced that David J. Rosenberg has joined the firm’s expanding roster of attorneys as Of Counsel within the Transactions Department. Rosenberg will strengthen the land use and zoning...
Major NYC Development Opportunity from NYS
NYS Empire State Development has offered a fascinating opportunity to redevelop a major NYC site and produce rental and home ownership housing at scale. Rosenberg & Estis, P.C. Affordable Housing and Condominium practice groups are ready to work with developers on...
R&E December 2023 Newsletter
Local Law 97: Compliance Details, Financing Options and More As part of Brick Underground’s new Boards & Buildings section, R&E Members Adam R. Sanders and Michael T. Carr wrote a comprehensive 3-part series addressing compliance details as well as financing...