Seiden & Schein, P.C. has decades of condominium and cooperative experience, both with creating condominium regimes pursuant to No-Action Letters that are issued by the New York State Attorney General, and with condominiums and cooperatives that are offered for sale to the general public pursuant to Offering Plans.  We have deep, wide-ranging, knowledge and skill with for-sale condominium and cooperative projects, from ground-up construction, to conversions of vacant and tenanted buildings, both fee-owned and ground leased.  While many of our clients’ for-sale projects are in the luxury sector, we have extensive experience in the for-sale Affordable Housing sector.

We are also seeing increased interest in “hybrid” condominiums, which consist of a combination of rental apartments that will receive real estate tax benefits under Section 485-x of the Real Property Tax Law (and, often a zoning bonus with Inclusionary Housing) and for-sale condominium units.

If you are considering an Offering Plan or No Action Letter for an upcoming project, please contact us. We regularly provide pre-construction advice and offer strategic approaches to developers and building owners to set a project up for success from the start. Together with our Tax Incentives and Inclusionary Housing departments, we are truly The Law Firm for Sophisticated Developers.

 
Seiden & Schein, P.C.

570 Lexington Avenue, 14th Floor
New York, New York 10022

(212) 935-1400

Alvin Schein                  [email protected]

Adam A. Levenson          [email protected]

Hillary Potashnick           [email protected]

www.seidenschein.com

 
***Attorney Advertising: Prior results do not guarantee a similar outcome.