New York Assembly bill in Session 2025-2026.
Status: in_committee. Latest action: January 7, 2026.
Relates to the conversion of certain real property to cooperative or condominium ownership in the city of New York.
Provides that a plan may not be declared effective for conversion to cooperative or condominium ownership until written purchase agreements have been executed and delivered for at least twenty-five percent of all dwelling units in the building or group of buildings and written consent has been obtained from the bona fide tenants who were in occupancy of fifty-one percent of the dwelling units in the building or group of buildings or development on the date a letter was issued by the attorney general accepting the plan for filing.
| Date | Event | Detail |
|---|---|---|
| 2025-02-24 | Introduced | Bill introduced |
| 2026-01-07 | Status | in_committee |
| 2026-01-07 | Latest Action | In Assembly Committee |