New York Assembly bill in Session 2025-2026.
Status: in_committee. Latest action: January 7, 2026.
Establishes a mechanism to address problems created when a cooperative or condominium sponsor suspends efforts to sell apartments in the building being converted.
Prohibits upon the vacancy of an unsold condominium or cooperative dwelling unit, the rental of such unit unless the original offering plan provided for such rental and a majority of the members of the condominium or cooperative agree thereto; generally requires the sale of such units.
| Date | Event | Detail |
|---|---|---|
| 2025-01-27 | Introduced | Bill introduced |
| 2026-01-07 | Status | in_committee |
| 2026-01-07 | Latest Action | In Assembly Committee |