Erica F. Buckley leads our Cooperatives & Condominiums and State Attorneys General practices, representing some of New York’s most prolific developers and real estate professionals on a variety of transactional, regulatory, and investigative matters. Erica continues to build upon her background as chief of the Real Estate Finance Bureau of the New York Attorney General’s Office, where she oversaw various regulatory matters, government investigations, and policy initiatives.
I represent my developer clients on complex real estate transactions involving cooperatives, condominiums, timeshares, homeowners associations, and community land trusts. I draft offering plans, exemption applications, no-action letters, syndication filings, and submit those documents to the New York Attorney General’s Office on behalf of my clients. I also represent developers and investors on unique transactions involving bulk purchases of shares, mergers, and dissolutions of housing cooperatives, and advise on compliance with applicable laws such as the Martin Act, the Business Corporation Law, and the Housing Stability and Tenant Protection Act.
A substantial part of my work involves representing clients before the New York Attorney General’s Office who are under investigation for alleged violations of laws under the Martin Act or the Executive Law. I appear before the New York Attorney General’s Office on behalf of clients under investigation, and I assist in brokering workable settlements to close out matters to avoid litigation. When necessary, I also provide guidance to my clients on litigation strategy and facilitate alternative dispute resolutions, harnessing my experience as an Assistant Attorney General charged with closing out scores of disputes among sponsors, boards, and unit owners in cooperatives, condominiums, timeshares, and homeowners associations.
My work at the Attorney General’s Office afforded me the opportunity to cultivate strong relationships with city and state government agencies, including the New York Attorney General’s Office, Division of Housing and Community Renewal, the New York City Housing Development Corporation, the New York City Housing Authority, the New York State Housing Finance Agency, as well as the Department of Housing Preservation and Development (HPD). I represent developers before these city and state agencies on various regulatory, transactional, and policy matters. I also provide guidance on legislative and policy matters on a broad range of real estate issues and act as a New York State registered lobbyist, appearing before legislators on select occasions.
As special counsel, I advise cooperative and condominium boards on complex legal issues such as major corporate changes (e.g., corporate dissolution), adoption of new governing documents, the procurement of real estate tax benefits, financing, and dispute resolution on matters such as construction defects.
New York has gone through some tough times due to COVID, but we are ever more resilient. The luxury market is active, making our economy boom and showing the world we are open for business. Middle-market and for-sale affordable projects are still quite active, proving that New York is still a place that people want to call home. I am delighted to be working on so many cooperative and condominium conversions in New York City. The initial interest in the upstate market at the onset of COVID remains strong; many upstate developers are actively pursuing new construction condominiums, homeowners associations, and timeshares, and those projects are faring well. As one would expect in a robust and active market, the scrutiny from various city and state agencies is growing, and the New York Attorney General’s Office continues to use its vast powers under the Martin Act and Executive Law to zealously investigate and prosecute alleged wrongdoing in the real estate industry. I stand ready to represent my clients in all aspects of the changing landscape.
New York Law Journal | March 31, 2022
In her newest “Ask the Former Regulator” column, New York City Affordable Housing & Real Estate partner and Cooperatives & Condominiums team leader Erica Buckley discusses the growing use of community land trusts to build more permanently affordable housing and the types of development that can be built on this land, along with the related filing requirements in New York.
City & State New York | March 07, 2022
New York City Affordable Housing & Real Estate partner Erica Buckley, leader of NP’s Cooperatives & Condominiums team, is included in this year’s Law Power 100 list of the most influential legal professionals across New York. The article features an overview of her practice and her past experience at the New York attorney general’s office.
The City | February 01, 2022
This article covers the political clash over whether to renew New York City’s long-held tax break for rental housing development, which expires in June. New York City Affordable Housing & Real Estate partner Erica Buckley, who leads the Cooperatives and Condominiums team, is quoted for her outlook on Governor Hochul’s proposed change that would allow cooperatives and condominiums to once again qualify for the tax break if they satisfy certain affordability criteria.
Habitat | January 24, 2022
This article, covering New York Governor Kathy Hochul’s proposal to replace a soon-to-expire property tax incentive program with the new Affordable Neighborhoods for New Yorkers (ANNY), quotes and links to a recent client alert written by Cooperatives & Condominiums team leader and partner Erica Buckley and department attorney Nichole Thomas, both of the Affordable Housing & Real Estate group in New York City.
Real Estate Finance Journal | January 01, 2022
New York Affordable Housing & Real Estate partner and Cooperatives & Condominiums team leader Erica Buckley contributed this article offering guidance to developers in New York City following the end of the state of disaster emergency due to the COVID-19 pandemic. The article covers the impacts for developers and the requirements they will need to comply with going forward.
New York Law Journal | December 23, 2021
New York Affordable Housing & Real Estate partner and Cooperatives & Condominiums team leader Erica Buckley contributed this article on the rules that govern out-of-state developers when offering and selling condos to New York residents. The article offers best practices for marketing condos in New York while staying compliant with the state’s requirements.
Law360 | November 18, 2021
This article on the debt restructuring of 200 Amsterdam, a new luxury condo tower in the Upper West Side neighborhood of Manhattan, includes New York City partner and Cooperatives & Condominiums practice team leader Erica Buckley for representing Amsterdam Avenue Redevelopment Associates as condo counsel. The article also quotes Erica on how the existing loan has to be broken down by unit when selling a condo unit.
New York Law Journal | September 23, 2021
New York City Affordable Housing & Real Estate partner and Cooperatives & Condominiums team leader Erica Buckley contributed this article discussing New York State’s amendment to its estate transfer tax statute, its elimination of “grossing-up” which historically raised the total amount paid by the purchaser, and the amendment’s implications for attorneys of project sponsors.
Bloomberg Law | September 09, 2021
New York City Affordable Housing & Real Estate partner and Cooperatives & Condominiums team leader Erica Buckley contributed this article on the efficiencies she gained while working from her upstate New York home during the pandemic, and how the new norms have allowed her to achieve better work-life balance while simultaneously expanding her practice.
Crain’s New York | August 12, 2021
Cooperatives & Condominiums team leader and New York City Affordable Housing & Real Estate partner Erica Buckley co-wrote this op-ed analyzing New York’s Martin Act and the ways in which the state’s attorney general can modify current regulations in order to prevent the kind of apartment building collapse that devastated Surfside, Florida.
New York Law Journal | June 23, 2021
Cooperatives & Condominiums team leader and New York City Affordable Housing & Real Estate partner Erica Buckley contributed this column on New York state’s mortgage recording tax credit, which offers relief to real estate professionals, and how the governor’s executive order suspending the deadline to take advantage of the credit will alleviate some of the marketplace disruptions caused by COVID-19.
Law360 | March 19, 2021
Cooperatives and Condominiums practice team leader and New York City partner Erica Buckley is featured in this Q&A article on her outlook for New York’s affordable and middle-market residential sectors during the pandemic. This story is part of a series spotlighting female real estate leaders during Women’s History Month.
City & State | March 16, 2021
Cooperatives & Condominiums practice team leader and New York City Affordable Housing & Real Estate partner Erica Buckley is included in this list of attorneys influencing New York’s political and government spheres.
New York Law Journal | March 08, 2021
In the latest installment of her “Ask the Former Regulator“ column, Cooperatives & Condominiums team leader and New York City Affordable Housing & Real Estate partner Erica Buckley discusses the Multiple Dwelling Law and the proposed law to allow the conversion of a hotel to a for-sale condominium.
Massachusetts Lawyers Weekly | February 04, 2021
This feature article on the formation of NP’s State Attorneys General team quotes Boston Government Investigations & White Collar Defense partners Bill Codinha and Rob Fisher throughout the story on the team’s work both in Massachusetts and across the country. The article also quotes Litigation chair Scott O’Connell and mentions the team’s co-leaders, Affordable Housing & Real Estate partner Erica Buckley and Government Investigations & White Collar Defense partner Travis Hill, both in New York City.
Bloomberg Law | February 01, 2021
The launch of the firm’s State Attorneys General practice team is included in this roundup of notable legal news. The team is led by New York Affordable Housing & Real Estate partner Erica Buckley; New York partner Travis Hill and Boston partners Bill Codinha and Rob Fisher, of the Government Investigations & White Collar Defense group.
New York Law Journal | January 28, 2021
The launch of the firm’s State Attorneys General practice team is included in this roundup article of notable legal news. The team is led by New York Affordable Housing & Real Estate partner Erica Buckley; New York partner Travis Hill and Boston partners Bill Codinha and Rob Fisher, of the Government Investigations & White Collar Defense group.
Crain’s New York | December 21, 2020
Cooperatives & Condominiums team leader and New York City partner Erica Buckley is featured in this article for being named one of the city’s “Notable Women in Law“ for the third year in a row.
New York Law Journal | December 11, 2020
In the latest installment of her “Ask the Former Regulator“ column, New York City Affordable Housing and Real Estate partner Erica Buckley discusses whether a housing development fund company that operates as a housing cooperative can go private and what factors shareholders need to consider.
WRCN 103.9 FM Long Island Radio | October 04, 2020
Cooperatives & Condominiums practice team leader and New York Affordable Housing & Real Estate partner Erica Buckley was featured in this radio segment focusing on the Martin Act (one of the most exhaustive securities laws in the country), New York State filings and compliance, and investigation and enforcement by the New York Attorney General.
New York Law Journal | July 16, 2020
In her latest “Ask the Former Regulator” column, New York City Affordable Housing & Real Estate partner Erica Buckley examines some of the limited relief afforded to condominium sponsors under the recent executive orders signed by Governor Andrew Cuomo.
Albany Times Union | June 20, 2020
This roundup of notable executive news includes the appointment of New York City Cooperatives & Condominium practice team leader and partner Erica Buckley to co-chair of the New York State Bar Association’s Condominiums & Cooperatives Committee.
The Cooperator | June 16, 2020
This feature article on New York City’s first-ever Housing Development Fund Corporation cooperative dissolution and reconstitution to free-market status quotes Cooperatives & Condominiums practice team leader Erica Buckley and mentions Affordable Housing & Real Estate counsel Ruben Ravago, both of New York City, for advising West Village Houses.
Habitat | June 08, 2020
This feature article on New York City’s first-ever Housing Development Fund Corporation cooperative dissolution and reconstitution to free-market status quotes Cooperatives & Condominiums practice team leader Erica Buckley and mentions Affordable Housing & Real Estate counsel Ruben Ravago, both of New York City, for advising West Village Houses.
Crain’s New York | April 29, 2020
Cooperatives & Condominium practice team leader Erica Buckley contributed this op-ed on New York City’s real estate landscape during the pandemic, offering her outlook and appeal for affordable housing and home ownership.
Habitat | March 26, 2020
New York City Affordable Housing and Real Estate partner Erica Buckley and counsel Ruben Ravago co-wrote this contributed article, based on their NP client alert, about the key issues condo boards and co-ops must consider before enlisting the assistance of volunteers during a pandemic.
New York Law Journal | March 23, 2020
In her latest “Ask the Former Regulator” column, New York City Affordable Housing and Real Estate partner Erica Buckley explains that the functions of New York government, including the Attorney General’s Real Estate Finance Bureau, are still in operation during the coronavirus shutdown, as most state employees continue to work remotely.
City and State | March 09, 2020
New York City Affordable Housing and Real Estate partner Erica Buckley appears on this City and State 2020 Law Power List, recognizing New York’s most politically powerful lawyers.
Brick Underground | February 19, 2020
This article features New York City Affordable Housing & Real Estate partner Erica Buckley talking about the process for condo and co-op owners who may want to buy a second unit in the same building to combine with their current home.
The Real Deal | February 13, 2020
New York City Affordable Housing and Real Estate partner Erica Buckley talks about Governor Andrew Cuomo’s veto of a bill that would’ve jeopardized property tax abatements for condos and co-ops that do not pay a prevailing wage to their building service workers.
New York Law Journal | December 18, 2019
In her latest “Ask the Former Regulator” column, New York City Affordable Housing and Real Estate partner Erica Buckley answers a question from a condominium sponsor in New York City who is beginning to sell condo units with only a temporary certificate of occupancy.
New York Law Journal | September 30, 2019
In the latest installment of her “Ask the Former Regulator” column, New York City Affordable Housing and Real Estate partner Erica Buckley analyzes new legislative language that changes the threshold for effective offering plans on rental conversions.
The Real Deal | September 17, 2019
New York City Affordable Housing and Real Estate partner Erica Buckley comments on presidential candidate Bernie Sanders’ proposed plan for increased federal funding for community land trusts, an arrangement in which nonprofits acquire land as a permanent location for affordable housing.
Habitat | July 11, 2019
This story quotes New York City Affordable Housing and Real Estate partner Erica Buckley on a controversial new bill headed to Governor Andrew Cuomo’s desk. The bill would require co-op and condo owners to pay their nonunion employees more than twice the minimum wage to qualify for a key tax abatement.
Crain’s New York | July 09, 2019
New York City Affordable Housing & Real Estate partner Erica Buckley wrote this op-ed outlining how a new law designed to protect tenants may actually reduce home ownership opportunities in the city, due to a provision making condo conversions more difficult.
The Real Deal | July 01, 2019
This article features New York City Affordable Housing & Real Estate partner Erica Buckley discussing a new statewide housing law that could have a major impact of landlords’ ability to move forward with condo conversions.
New York Law Journal | June 04, 2019
New York City Affordable Housing and Real Estate partner Erica Buckley wrote this contributed column on the statute of limitations governing the length of time unit owners and condo boards have to sue a condo sponsor. The column is part of Erica’s regular series, “Ask the Former Regulator.”
City University of New York School of Law at Queens College, J.D.
State University of New York at Binghamton, B.A.
New York
Erica has received various accolades during her career, including the City and State “ Law Power 100” lists for 2022 and 2021, which recognizes the state’s most politically powerful lawyers. In 2019, Erica was awarded the Habitat for Humanity Leadership Volunteer Habby Award. She was also recognized by City & State New York as one of the state's “Power Law 50” attorneys which recognizes 50 of New York’s most influential attorneys outside of government who demonstrate and command an in-depth understanding of the laws governing their practices. She was also included in the Crain’s New York Business inaugural 2018 list recognizing “Leading Women Lawyers in New York City,“ and has since been recognized on the Crain’s 2021 list of “Notable Women in Law.”
Erica is a member of various industry organizations and holds leadership positions as co-chair of the New York State Bar Association Committee on Condominiums and Cooperatives, and is co-chair of the Real Estate Board of New York Housing Committee. Erica is also an active supporter of Habitat for Humanity New York City and Westchester, where she is a member of the Leadership Council.
