Representing the buyer of a foreclosed property in Queens, Adam Leitman Bailey, P.C. prosecuted a holdover proceeding during COVID, won summary judgment of possession, and achieved a marshal’s eviction in November 2021. The owner bought the property in 2019 pursuant to a referee’s deed in foreclosure and filed the eviction proceeding in early 2020 through Full Article…
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About Adam Leitman Bailey
Actively at the helm of the law firm he built from scratch, Adam Leitman Bailey, Esq. practices residential and commercial real estate law. Among New York’s most successful and prominent real estate attorneys, Mr. Bailey is one of two attorneys from a law firm with less than 30 attorneys that has been ranked in Chambers & Partners, honored with a Martindale-Hubbell “AV” Preeminent rating, rated by Best Lawyers for himself and his law firm, and selected by Super Lawyers as one of New York’s “Top 100” attorneys, a list that included only five real estate law firms’ attorneys that year.
One New York State Judge wrote that Adam Leitman Bailey “was the best trial lawyer I saw in my nine years as a Judge in New York City” while another stated that he had known Bailey for fifteen years and “that he is a brilliant lawyer and innovative who always worked zealously on behalf of his clients.” The Commercial Observer named him as one of New York’s Most Powerful Real Estate Attorneys. Real Estate Weekly recognized him as “one of the most respected commercial real estate attorneys in not only New York City, but arguably the country.”
The New York Times referred to his legal strategy and legislation proposed in one case as “novel,” in addition to remarking on another case in which “Adam Leitman Bailey fought on…grinding through excruciating detail and obscure Perry Mason moments.” After Mr. Bailey’s firm used a forgotten statute to prevail in a landmark case, the Wall Street Journal quoted a prominent New York developer’s attorney who called the holding a “game changer” affecting real estate nationwide. Dateline NBC referred to Mr. Bailey as “aggressive, tenacious and smart” in asking him to share his negotiating secrets on its nationally syndicated television program. Mr. Bailey’s advocacy has prevailed in numerous important trials and cases before various courts and trial venues, including Housing, Civil, and New York State Supreme and Federal Courts, as well as various New York Appellate tribunals.
Adam Leitman Bailey has successfully defended a number of leading title companies and lenders in the nation and prevailed in numerous trials and settlements involving commercial and residential building owners, tenants, real estate developers, real estate brokerages, insurance companies and cooperative and condominium boards. In addition, Mr. Bailey has favorably represented a number of tenant and homeowner associations as well as commercial and residential tenants, garnering millions of dollars in compensation and rent abatements for these associations and individuals. For clients facing landlords who leave buildings in disrepair, Mr. Bailey has an unusually successful track record of getting those residential towers, apartments, and stores repaired and all services restored.
Adam Leitman Bailey has also applied his expertise in closing various real estate deals and commercial leases. He has been named to the Board of Editors for Commercial Leasing Law & Strategy and has a regular real estate column in the New York Law Journal. Bailey’s lease-drafting skills received national attention when BlumbergExcelsior, the nation’s leading form distributor, responsible for over 70 percent of the residential leases signed in the United States, tapped Bailey to draft a new set of residential and office leases for purchase nationwide. BlumbergExcelsior’s principal remarked that Bailey’s lease drafting skills were “remarkable.”
His success as cooperative and condominium general counsel earned Adam Leitman Bailey recognition in “Who’s Who in Real Estate” by Habitat Magazine. Mr. Bailey authored his first book, Finding the Uncommon Deal: A Top New York Lawyer Explains How to Buy a Home for the Lowest Possible Price (Wiley, 2011). This guide through the purchasing process for first-time home buyers became a New York Times bestseller and is available for purchase worldwide. Mr. Bailey has also been elected a Fellow of the American College of Real Estate Lawyers (ACREL), where he serves on the Insurance and Title Insurance committees, and is a former member of the American College of Mortgage Attorneys (ACMA).
Adam Leitman Bailey’s Personal Website
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Adam Leitman Bailey, P.C. Successfully Advocates on Behalf of Client, Ensuring Protective Measures For Historic Building and Tenants
The board of a condominium on the Upper East Side approached Adam Leitman Bailey, P.C. searching for assistance in negotiating a license agreement with a large-scale real estate developer; they hoped to install protective measures concerning a massive adjacent demolition and construction project for a new commercial building that services the entertainment and music industry. Full Article…
Demolition: One of the Last Ways to Deregulate a Building
With the June 2019 passage of the Housing Stability and Tenant Protection Act (HSTPA), owners are desperately seeking ways out of rent regulation in an attempt to recapture the profitability their buildings previously had. Two such exit strategies are “substantial rehabilitation,” available only to deteriorated buildings, and “demolition,” generally available to rent-stabilized buildings regardless of their Full Article…
Adam Leitman Bailey, P.C.’s Banking Department Ensures Client Success Despite Hurricane Complications
On September 1, 2021, Hurricane Ida made landfall in New York, heavily impacting the Tri-State area with devastating winds and rain. With up to 3.1 inches of rain in Central Park within just one hour, the National Weather Service issued a flash flood emergency in New York City for the first time. Mayor Bill de Full Article…
Adam Leitman Bailey, P.C. Wins Trial; Vacating Mechanics Lien Foreclosure Sale Denied
Adam Leitman Bailey, P.C. was retained to represent the purchaser in a mechanic’s lien foreclosure of a commercial building in upper Manhattan which had proceeded to auction and sale. The client was the high bidder. After Adam Leitman Bailey, P.C.’s client paid just over a million dollars and was deeded the property, the prior owner Full Article…
Adam Leitman Bailey, P.C. Secures Historic Westchester County Real Estate Settlement Following Motion to Enforce
BACKGROUND: Earlier this year, Adam Leitman Bailey, P.C. secured an absolute victory with an unprecedented multi- million-dollar settlement of multiple lawsuits. These lawsuits were brought by owners of a neighboring property to Adam Leitman Bailey, P.C.’s client in which they alleged an adverse possession claim against the client’s property, the last remaining vacant plot in a Westchester County Full Article…
Adam Leitman Bailey, P.C. Defeats Adversary’s Last-Minute Plea to Court and Secures Win for Client in Foreclosure Action
Before the onset of the COVID-19 pandemic, a lender hired Adam Leitman Bailey, P.C. to commence an action in New York State Court to foreclose a mortgage the LLC borrower defaulted on in 2019. Through counsel, the borrower filed an Answer, and Adam Leitman Bailey, P.C. subsequently filed a Motion for Summary Judgment and Order Full Article…
Adam Leitman Bailey, P.C. Persuades Sponsor of Condominium to Fix Building Issues
In 2018, Adam Leitman Bailey, P.C. was retained by a group of unit owners at a prominent new construction condominium in lower Manhattan. There were numerous defects in the construction of their 150-unit building. The sponsor still controlled the board of managers and had only been performing band-aid repairs. The issues ranged from missing firestopping, Full Article…
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