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…
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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…
Adam Leitman Bailey, P.C. Obtains a Preliminary Injunction and an Order of Contempt Against Holdover Licensees Illegally Using a New York City Apartment as a Single Room Occupancy Dwelling and for Short-Term Occupancy
In a New York County Supreme Court ejectment action, Adam Leitman Bailey P.C., prevailed on a motion for a temporary restraining order, then obtained an order of contempt against the non-complying occupants based on their illegal and dangerous use of a Class A apartment as a de facto single room occupancy dwelling and short-term rental Full Article…
Adam Leitman Bailey, P.C. Wins Declaratory Judgment, Permanent Injunction, and Judgment of Possession Against Nuisance Apartment Occupant Despite Ban on Evictions
Representing a residential landlord in a Supreme Court ejectment action, Adam Leitman Bailey, P.C. was tasked with securing possession of an apartment; second, Adam Leitman Bailey, P.C. was charged with protecting the safety and quiet enjoyment of the apartments of neighboring residents against an unauthorized nuisance occupant left over when the tenant of record vacated the apartment, but failed Full Article…
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