For 50 years, Rosenberg & Estis, P.C. has been New York City’s largest firm focusing solely on real estate. Our full-service firm collaborates on every aspect of real estate to provide comprehensive legal representation to owners, developers, investors and stakeholders.
Areas of Practice
City of Kingston Is First in NYS to Opt Into New RPTL 421-p Tax Incentive for Affordable Housing
In April of 2024, as an incentive for the development of affordable housing outside of NYC, NYS enacted Real Property Tax Law (RPTL) Sections 421-p (“421-p”) and 421-p*2 (“421-p*2”), which authorize municipalities outside of NYC to pass local laws providing property...
NYC DOF Mails Second Quarter Property Tax Bills for Tax Year 2024/25
The New York City Department of Finance (DOF) has recently mailed out the second quarter property tax bills for the 2024/25 tax year. These bills, dated August 24, 2024, are now also available online. Property owners should be aware that the payment deadline for these...
Industry Update: 421-a Deadline Approaching: September 12, 2024
Have you filed your Letter of Intent (LOI) to qualify for Completion Date extension (until June 15, 2031)? Developers of and lenders to vested 421-a projects have until September 12, 2024 to file a LOI with NYC’s Department of Housing Preservation & Development...
Rosenberg & Estis, P.C. proudly welcomes its 2024 Summer Law Clerks:
Alex Pillarella, Cathryn Ricciardelli, Dylan Shapiro, Gabriel Slobodyansky, Vanessa Vogel, and Jalen Wright.
The MBBA Presents – Elevate & Empower: Black Real Estate Development Symposium 2024
Rosenberg & Estis, P.C., currently celebrating its 50th year as one of New York City’s pre-eminent real estate law firms, recently welcomed members of the Metropolitan Black Bar Association (MBBA) as host of its inaugural Elevate & Empower: Black Real Estate Development Symposium.
R&E Associate Shakiva Pierre, along with Jerome Frierson, Director of Housing Team for Bronx Defenders, moderated a panel discussion with Leleah James, Vice President Community Engagement, Related Affordable; Josiane Lysius, Associate Broker, Corcoran Group; Kenneth Morrison, Managing Member and Principal, Lemor Development Group; Malcolm Punter, President, Harlem Congregations for Community Improvement, Inc. and; Craig Livingston, Managing Partner, Exact Capital.
In further celebration of its 40th year as NY’s largest unified Black Bar Association, MBBA’s roundtable discussion focused on leveraging real estate development to empower the Black community. Topics included past, present and future development initiatives, perspectives on community engagement and strategies for increasing Black representation in real estate development.
Managing Member Michael Lefkowitz welcomed guests to the firm’s offices at 733 Third Ave., noting: “Rosenberg & Estis has grown, evolved and diversified over its 50 years serving New York’s real estate industry and we are proud to host this inaugural symposium on behalf of the MBBA. With a 1% vacancy, it is clear New York does not have enough housing, especially workforce housing. Our speakers offered tremendous insight into ways the real estate industry can adapt and change in the same way the city has to provide homes for everyone who wants to live here.”
Pierre, who serves as MBBA Co-Chair, Real Estate Law Section, said, “Real estate creates jobs, stimulates economic growth and generates wealth. Open forums like the MBBA Symposium provide an ideal platform for sharing information that can increase Black representation in the process and we are thankful to Rosenberg & Estis for their ongoing support.”
The Metropolitan Black Bar Association (MBBA) is a unified, citywide association of Black and other minority lawyers in the New York metropolitan area, with members in all five boroughs.
Inside R&E Podcast
Inside R&E is a podcast hosted by New York City’s leading real estate attorneys who discuss current issues facing developers, owners and operators in the industry.
In our latest episode, William Byers, a member of the firm, demystifies the Corporate Transparency Act (CTA). The CTA, enacted to combat money laundering and other illicit activities, mandates the disclosure of beneficial owners and controllers of companies. Byers expertly navigates the nuances of this new and challenging area of legislation and sheds light on its implications for business owners, explaining several aspects of the CTA’s provisions, including reporting requirements and exemptions.
Byers also clarifies the complexities surrounding beneficial ownership, outlining the parameters for identifying beneficial owners and those with substantial control. Through real-world scenarios and meticulous analysis, this episode demonstrates the CTA’s impact on various business structures, from LLCs to partnerships.