Developer or board. For-profit or nonprofit. Affordable housing, middle-market or luxury.
Clients on every side of a cooperative or condominium deal can be confident that NP attorneys have the experience, knowledge and skills to achieve the outcome they want. We represent developers in every stage of their project formation—shepherding them through cooperative policy statements, no-action applications, exemption applications and offering plans.
Our team, led by the former chief of the Real Estate Finance Bureau of the New York Attorney General’s office, has unparalleled experience with the Martin Act—New York’s blue sky law regulating cooperatives, condominiums and other real estate investments. Clients facing investigation by regulators count on us to reach a swift resolution, so they can get back to work.
We handle all aspects of cooperative share and condominium unit matters—from contract to closing—in house, saving our clients time and money. No matter where you are in the market, our team will get the deal done.
We know that when a client hands over the keys to a completed project, it is just the beginning of a lengthy process ensuring the property remains a source of neighborhood pride for decades to come. That’s why we also work with cooperative and condominium boards on complex legal issues, such as negotiating with city and state agencies on tax incentives and other matters and advising on major corporate changes to governing documents.
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.
Chicago Tribune | April 01, 2020
In this front-page article in the Chicago Tribune, Chicago Affordable Housing and Real Estate partner David Allswang provided comments that commercial landlords are bracing for a significant drop in rent payments in April amid the coronavirus crisis, citing anecdotal data from commercial property owners in London.
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.
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 & State | May 13, 2019
New York City Affordable Housing and Real Estate partner and Cooperatives & Condominiums team leader Erica Buckley is included in this inaugural list of the 50 most influential lawyers in New York state.
New York Law Journal | March 01, 2019
Cooperatives & Condominiums Practice Team Leader Erica Buckley, based in New York City, authored this “Ask the Former Regulator” column. The article discusses “grossing up” and “seller concessions” and what scenarios are permissible under the Martin Act in New York.
The Real Deal | February 19, 2019
New York City Affordable Housing & Real Estate partner Erica Buckley is quoted in this story on the common practice of misnumbering residential floors in luxury condo developments to give the impression of a higher position in the building.
Long Island Business News | June 18, 2018
Long Island affordable housing and real estate associate Michael Webb is mentioned in this article as one of the publication’s “Ones to Watch,” a who’s who of rising professionals in the area.
Habitat | January 24, 2018
In this article on New York City’s Mitchell-Lama affordable housing program, New York City affordable housing partner Erica Buckley is quoted on whether an infusion of cash from the mayor’s office can dissuade co-op owners who want to sell at market rates.
