The owners of a midtown antique shop were convicted of illegally selling $1.5 million worth of elephant ivory, which allowed their landlords to evict them pursuant to New York Property Law. In 2015, an undercover officer entered the Metropolitan Fine Arts & Antiques shop and bought ivory for $2,000. The sale of ivory without a permit became illegal in 2014 in an effort to protect elephant population. The authorities found and seized 126 ivory articles, … <Read More>
Search Results for: Lease
EDC lease of Hunts Point Space to Baldor approved
Competitor challenged procedures in EDC’s selection of Baldor for South Bronx lease. The New York City Economic Development Corporation issued a request for proposals for a long-term lease of two parcels across the street from the City Terminal Market at Hunts Point in the Bronx. Baldor Specialty Foods and the Hunts Point Terminal Produce Cooperative Association, among others, submitted proposals. EDC chose Baldor after deciding that it had submitted the most competitive lease package. Baldor, … <Read More>
Appellate Division Ruling Provides Path for NYC Permanent Open Restaurants Program
On October 4, 2022, the Appellate Division, First Department ruled in favor of the City in its appeal challenging a February Supreme Court ruling that halted the City’s development of the permanent open restaurants program.
Court Orders DOB to Revoke Permit and Compel Owner to Remove Floors in Upper West Side Condominium Development
Advocates applaud decision while developers find decision deeply flawed. On February 15, 2020, the Committee for Environmentally Sound Development and the Municipal Art Society of New York, won an Article 78 case regarding the construction of a 668 foot, 52-story condominium building located at 200 Amsterdam Avenue on the Upper West Side of Manhattan. New York County Supreme Court Justice W. Franc Perry’s ruling requires the Department of Buildings to revoke the building permit … <Read More>
REBNY Challenges Department of State’s Memo Prohibiting Broker’s Fees
Real estate community in state of confusion over 2019 Rent laws. On February 10, 2020, the Real Estate Board of New York Inc. (“REBNY’”), the New York State Associations of Realtors (“NYSAR”) and a host of residential real estate brokerages were granted a temporary restraining order, blocking the New York State Department of State’s guidance on broker commissions. The TRO comes in conjunction with their Article 78 filing seeking to invalidate the memorandum’s entire section … <Read More>
Second Circuit Upholds Ruling that Loft Tenants Have Property Rights in Bankruptcy Proceedings
Loft Law prevents using bankruptcy as a tool to circumvent housing law. In 2002, Bridge Associates of Soho, Inc. (“Bridge Associates”) acquired 99 Vandam Street in the SoHo neighborhood of Manhattan. 99 Vandam is a seven-story residential loft building that has been governed by Article 7-C of the New York Multiple Dwelling Law (“Loft Law”) since approximately 1991. Loft Law governs the conversion of manufacturing and commercial use buildings to residential use buildings. The law … <Read More>