A view of Midtown Manhattan in New York City. Photo: Ryland West/ALM The Martin Act and Small Building Condo Conversions
While the change is welcome news for many in the real estate industry, a close reading of the law and its purpose is necessary to understand its full applicability to small building owners.
March 13, 2023 at 01:52 PM
9 minute read
Real Estate
Question: I am the owner of a four-unit rental building in Manhattan that I would like to convert to a condo. I heard the law recently changed and it might be easier for me to do so. Can I file an offering plan now to convert my building to a condominium under the loosened rules?
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