N.Y. Gen. Bus. Law §352-eeee
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Martin Act — Conversions to Co-op or Condo Ownership (NYC)
The New York City conversion statute: converting a rental building to cooperative or condominium ownership requires an offering plan filed under §352-e, and the Attorney General must refuse to accept a conversion plan unless it satisfies this section's tenant-protection requirements (non-eviction plan rules, purchase-percentage thresholds, senior and disabled tenant protections). Applies to conversions in the city of New York; the parallel §352-eee covers certain other municipalities.
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Compliance
| Ref | Requirement |
|---|---|
| 1(a) | Turning a rental building into a co-op or condo in NYC runs through the Attorney General's Martin Act filing process. |
| 2 | A conversion plan that skips the tenant protections does not get filed — the Attorney General is required to refuse it. |
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