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Articles by Jordan Metzger
COPA UPDATE: NYC City Council Passes Revised Community Opportunity to Purchase Act
Updating our prior blogposts here and here, on October 22, 2026, the New York City Council passed a revised version of the Community Opportunity to Purchase Act (“COPA”). The legislation, which Mayor Zohran Mamdani is expected to sign, gives qualified nonprofit organizations and certain joint ventures priority to purchase certain distressed multifamily properties before owners can complete sales to other buyers.
NYC Launches ECB Amnesty and Compliance Program: What Property Owners and Businesses Need to Know
Outstanding NYC violations? Now may be the time to clear the slate—and save. New York City’s newly launched “Debt Demolisher” Program offers property owners and businesses a limited-time opportunity to resolve eligible Environmental Control Board (ECB) judgments at significantly reduced costs. With waived interest, reduced penalties and potential savings for those preparing to buy, sell or finance property, the program presents a valuable opportunity to address outstanding liabilities.
Breaking Down NYC’s Pied-À-Terre-Tax
Jordan Metzger’s articles from Cole Schotz P.C. are most popular: within Real Estate and Construction topic(s) in United States with readers working within the Business & Consumer Services and Insurance industries Cole Schotz P.C. are most popular: within Real Estate and Construction, International Law and Employment and HR topic(s) Jordan Metzger, real estate attorney, spoke with News 12 to break down New York City’s Pied-À-Terre-Tax.
Can Pied-à-terre Tax Liability Survive A Sale? FAQ For Owners, Purchasers And Co-op Boards
Jordan Metzger’s articles from Cole Schotz P.C. are most popular: within Real Estate and Construction topic(s) in Canada with readers working within the Business & Consumer Services industries Cole Schotz P.C. are most popular: within Real Estate and Construction, International Law and Employment and HR topic(s) with Senior Company Executives, HR and Inhouse Counsel New York City’s pied-à-terre tax has entered its implementation stage following issuance by the Department of Finance (“DOF”) of...
Can Pied-à-terre Tax Liability Survive a Sale? FAQ for Owners, Purchasers and Co-op Boards | JD Supra
T his blog was prepared with the assistance of Gwendolyn Goodyear, a law clerk at Cole Schotz. New York City's pied-à-terre tax has entered its implementation stage following issuance by the Department of Finance ("DOF") of final rules governing the tax. Following a July 9, 2026 public comment hearing, new amendments have provided limited guidance on residency determinations, appeals and documentation requirements, while leaving several notable issues unresolved.
The New Price Of Luxury: What New York City’s Pied-à-terre Tax Means To Part-Time Residents
New York’s newly adopted pied-à-terre tax1 adds yet another layer of complexity for owners of high-value residential property in New York City. Beginning July 1, 2026, certain non-primary residences will be subject to the annual tax – a measure the Governor’s office estimates could generate nearly $500 million each year.
Proposed Reforms Could Mean Big Housing Boom For Small Lots In NYC
Cole Schotz P.C. are most popular: in United States The New York City Council has announced proposed reforms to the City’s Construction Codes to encourage the development of small, underutilized lots across the five boroughs.
The New Price of Luxury: What New York City’s Pied-à-terre Tax Means to Part-Time Residents
This blog was prepared with the assistance of Gwendolyn Goodyear, a law clerk at Cole Schotz. New York’s newly adopted pied-à-terre tax [1] adds yet another layer of complexity for owners of high-value residential property in New York City. Beginning July 1, 2026, certain non-primary residences will be subject to the annual tax – a measure the Governor’s office estimates could generate nearly $500 million each year.
Proposed Reforms Could Mean Big Housing Boom for Small Lots in NYC
This blog was prepared with the assistance of Gwendolyn Goodyear, a law clerk at Cole Schotz. The New York City Council has announced proposed reforms to the City’s Construction Codes to encourage the development of small, underutilized lots across the five boroughs.
COPA Update: Time’s Up—COPA Will Not Advance This Session | JD Supra
This blog was prepared with the assistance of Gwendolyn Goodyear, a law clerk at Cole Schotz. The Community Opportunity to Purchase Act (COPA) will not advance in its current form. Without the required two-thirds majority support of all New York City Council Members, former Mayor Eric Adams’ veto remains in effect. As discussed in our previous update here, Mayor Adams vetoed COPA on December 31, 2025. The New York City Council then had 30 days to override the mayoral veto.
COPA Update: Mayor Adams’ Veto Slows Legislation’s Momentum | JD Supra
This blog was prepared with the assistance of Gwendolyn Goodyear, a law clerk at Cole Schotz. Mayor Eric Adams ended his term by vetoing the Community Opportunity to Purchase Act (COPA), pausing the legislation’s progress for now. The incoming New York City Council may still override the veto with a two-thirds majority vote. If COPA is enacted, the true impact of the legislation will depend upon New York City Department of Housing and Development’s enforcement.
COPA Changes the Game for NYC Multifamily Transactions | JD Supra
This blog was prepared with the assistance of Gwendolyn Goodyear, a law clerk at Cole Schotz. With New York City Council’s recent passage of the Community Opportunity to Purchase Act (“COPA”) comes a new statutory framework that grants certain community-based organizations the right to purchase qualifying residential buildings before – or in some cases, in place of – private buyers.
Trump Tax Law Has Mixed Impacts On Commercial Real Estate
By Jordan Metzger ( October 7, 2025, 5:09 PM EDT) -- H.R. 1 - President Donald Trump's One Big Beautiful Bill Act - was officially signed into law on July 4. With it came sweeping changes to the real estate industry.... Law360 is on it, so you are, too. A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence.
Trump Tax Law Has Mixed Impacts On Commercial Real Estate - Law360
ADVERTISEMENT Don't want ads? Subscribe or login now. By Jordan Metzger ( October 7, 2025, 5:09 PM EDT) -- H.R. 1 — President Donald Trump's One Big Beautiful Bill Act — was officially signed into law on July 4. With it came sweeping changes to the real estate industry.... A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence.
H.R.1: Some Beautiful, Some Not – Implications for Commercial Real Estate | JD Supra
H.R. 1 (President Trump’s so-called “One Big Beautiful Bill”) was officially signed into law Friday, July 4, and with it came sweeping changes to the real estate industry. Some of these changes are extensions of Trump’s Tax Cuts and Jobs Act from 2017 (“2017 Act”). Like all change (and legislation), there is both good and bad, and the real estate industry is seeing plenty of both. The main benefits of this bill to the commercial real estate industry are: Opportunity Zones.
FARE Act Now in Effect: What NYC Renters and Landlords Need to Know | JD Supra
As of June 11, 2025, the Fairness in Apartment Rental Expenses (FARE) Act, also known as Local Law 119 of 2024, is in effect after being upheld in court. The law significantly shifts how broker fees are handled in New York City apartment rentals – most notably, landlords can no longer require tenants to pay the landlord’s broker fees to rent an apartment.
Fair Chance for Housing Act: What NYC Housing Providers Need to Know | JD Supra
Effective January 1, 2025, New York City’s Fair Chance for Housing Act became law. The Fair Chance for Housing Act is designed to eliminate barriers for individuals with criminal conviction histories seeking housing. The legislation’s primary goal is to ensure that past convictions do not unjustly prevent one’s ability to secure housing.
Buyer Beware: An update on the sweeping changes implemented by the National Association of Realtors and their potential ramifications | JD Supra
Major changes hit the U.S. housing market this past month that may lead to lower housing prices across the nation. These changes stem from a settlement agreement entered into by the National Association of Realtors (“NAR”), which has faced numerous legal challenges claiming its regulations have artificially maintained high commission rates. As background, NAR is the largest real estate trade association in the U.S., and almost 9 in 10 home sales involve real estate agents affiliated with NAR.
Eligible New York City Building Owners: Now Is The Time To Take Advantage Of C-PACE Financing | JD Supra
Summer Associate, Dalila E. A. Haden, contributed to this blog. In early June, the first Commercial Property Assessed Clean Energy (“C-PACE”) transaction closed in New York City, courtesy of C-PACE financing provided by Petros PACE. In connection with a larger $500 million dollar acquisition and construction financing deal involving a 1.2 million square-foot office building in the Wall Street area, Petros PACE provided $89 million dollars of C-PACE financing for the transaction.
Commercial Property Owners: New Financing Available For Existing And New Energy Cap-Ex Projects | JD Supra
Property Assessed Clean Energy (“PACE”) (also sometimes referred to as C-PACE) financing is a little-known financing tool now available to commercial property owners in more than 35 states, including New York, New Jersey, and Washington D.C. PACE financing is a flexible, long-term financing option provided to property owners for existing and proposed renewable energy and energy efficiency projects.
Commercial Lease Guarantors: Newly Enacted Section Of NYC Administrative Code May Provide You With Relief | JD Supra
As the COVID-19 (Coronavirus) pandemic continues to have devastating effects on our nation’s economy, particularly for small businesses and restaurants struggling to make ends meet and stay afloat, relief has become available for certain personal guarantors of NYC commercial leases.
Commercial Lease Guarantors: Newly Enacted Section of NYC Administrative Code May Provide You With Relief
As the COVID-19 (Coronavirus) pandemic continues to have devastating effects on our nation’s economy, particularly for small businesses and restaurants struggling to make ends meet and stay afloat, relief has become available for certain personal guarantors of NYC commercial leases.
New York Forward Loan Fund – Relief For New York’s “Small-er” Businesses | JD Supra
On May 22, 2020, New York Governor Andrew Cuomo announced the launching of the New York Forward Loan Fund (NYFLF), a loan program providing relief for small businesses or non-profits located in New York State or small landlords with properties located in New York State which did not receive loans under the SBA’s Paycheck Protection Program or Economic Injury Disaster Loan program related to COVID-19. The NYFLF is an effort to help these businesses get back on their feet as they start to reopen.
New York Forward Loan Fund – Relief for New York’s “Small-er” Businesses | LexBlog
On May 22, 2020, New York Governor Andrew Cuomo announced the launching of the New York Forward Loan Fund (NYFLF), a loan program providing relief for small businesses or non-profits located in New York State or small landlords with properties located in New York State which did not receive loans under the SBA’s Paycheck Protection Program or Economic Injury Disaster Loan program related to COVID-19. The NYFLF is an effort to help these businesses get back on their feet as they start to reopen.
Attention NY Building Owners: The Rent Overcharge Provision Of The Housing Stability And Tenant Protection Act Of 2019 Only Applies Prospectively | JD Supra
Updated: May 25, 2018: JD Supra is a legal publishing service that connects experts and their content with broader audiences of professionals, journalists and associations.
Attention NY Building Owners: The Rent Overcharge Provision of the Housing Stability and Tenant Protection Act of 2019 Only Applies Prospectively
In the midst of the global COVID-19 (Coronavirus) pandemic, some New York building owners are breathing a collective sigh of relief after securing a hard-fought victory in the New York Court of Appeals. On April 2, 2020, the Court of Appeals, in a divisive 4-3 decision, struck down Part F of the Housing Stability and Tenant Protection Act of 2019 (the “HSTPA”) after concluding that retroactive application of Part F of the HSTPA violated building owner’s due process rights.
New York City Building Owners: What Does #GreenNewDeal4NY Mean For You? | JD Supra
Updated: May 25, 2018: JD Supra is a legal publishing service that connects experts and their content with broader audiences of professionals, journalists and associations.
New York City Building Owners: What Does #GreenNewDeal4NY Mean For You?
To combat against the harmful effects of climate change, the New York City Council recently passed the Climate Mobilization Act (CMA)[1] – landmark legislation aimed at reducing New York City greenhouse gas emissions levels by 40% by 2030 and 80% by 2050, which will have major implications for New York City building owners, prospective purchasers, and lenders.
LLC Sellers And Buyers Beware: Unprecedented Reporting Requirements | JD Supra
Updated: May 25, 2018: JD Supra is a legal publishing service that connects experts and their content with broader audiences of professionals, journalists and associations.
Tenant Rent Regulation Reforms | JD Supra
Updated: May 25, 2018: JD Supra is a legal publishing service that connects experts and their content with broader audiences of professionals, journalists and associations.
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