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.
June 17, 2022
This article covering the expiration of New York’s 421a housing construction tax break quotes New York City Affordable Housing & Real Estate partner and Cooperatives & Condominiums team leader Erica Buckley, who explains why this is a challenging time to let the exemption expire and what developers can do in in the interim until New York state lawmakers reconvene for the next legislative session in January.
Bisnow | June 15, 2022
New York City Affordable Housing & Real Estate partner and Cooperatives & Condominiums team leader Erica Buckley is quoted in the following articles covering the expiration of New York’s housing construction tax break 421a. Erica provides insight into what could happen next for both developers and New York state lawmakers.
The Real Deal | June 15, 2022
New York City Affordable Housing & Real Estate partner and Cooperatives & Condominiums team leader Erica Buckley is quoted in the following article covering the expiration of New York’s housing construction tax break 421a. Erica provides insight into what could happen next for both developers and New York state lawmakers.
Brick Underground | June 01, 2022
New York City Affordable Housing & Real Estate partner and Cooperatives & Condominiums team leader Erica Buckley is quoted throughout this article, providing practical input on differences in the process of combining units in co-op and condo buildings.
Crain’s New York Business | May 13, 2022
New York City Affordable Housing & Real Estate partner and Cooperatives & Condominiums team leader Erica Buckley co-authored this op-ed urging New York state legislators to pass bills that would help increase home ownership and permanently safeguard affordable units that would otherwise be subject to loss through expiring contractual agreements. The article provides five common-sense suggestions to create a fairer and more robust affordable housing 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.
American Lawyer | September 28, 2021
This article on the booming demand for real estate lawyers includes the arrival of New York City Affordable Housing & Real Estate partner Laura Sugarman—who focuses her practice on cooperative and condominium conversions, and commercial real estate transactions—to the firm.
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 15, 2021
This roundup of notable legal news and moves mentions the arrival of New York Affordable Housing & Real Estate partner Laura Sugarman, who focuses her practice on cooperative and condominium conversions, and commercial real estate transactions.
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.
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.
Rochester Business Journal | October 02, 2020
In this article on Rochester’s mix of housing and real estate developments, Rochester Affordable Housing & Real Estate associate Matt Carrigg is quoted for his outlook on the uptick in affordable housing developments, and interest from local and out-of-state developers.
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.
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.
