Finding an apartment in New York City is a journey in stress management. You’ve done your internet research. You’ve climbed a thousand steps. Now, you’ve found the place of your dreams. Is it too good to be true? It might. Why? Because the financial standing to qualify for that apartment is an entirely different matter. … Continue Reading
On your next visit in Manhattan, go to the corner of Seventh Avenue and Christopher Street. You’ll be standing on the smallest piece of property in New York City. Hess Triangle is a tiny sliver of real estate in the shape of a triangle, measuring just 25.5 inches at the base and 27.5 inches on … Continue Reading
In an article that appears on Law360.com, Joe Marger of our New York office is quoted in an article titled "Developers Reaching Deep for Rights to Build Sky-High." The demand for sky-high condos and penthouse apartment has changed how property owners look at air rights. They are now valuable real estate assets. In an interview … Continue Reading
This post was written by Lesley Vars and Leah Speckhard Prices for transferable development rights, commonly referred to as “air rights”, in New York City are reaching sky high numbers as developers scramble to build higher and higher. According to the Wall Street Journal’s April 23, 2014 article, titled “Sky is the Limit for Air … Continue Reading
This is a follow-up to an earlier blog post on this issue from March, 2014. On March 25th, I posted about the legal implications of using on-line apartment-renting services like AirBnB. Specifically, the post discussed how AirBnB hosts should be mindful of their state’s tax laws and occupancy laws. A few days after the post, … Continue Reading
