The Do's & Don'ts of Zoning Lot Mergers and Development Rights Transfers in New York City (OnDemand)

Please Note: Newly admitted NY attorneys cannot fulfill ethics or skills credits through our on-demand programs under OCA rules. For more information on this, please see http://www.nycourts.gov/attorneys/cle/changes_for_2016.shtml.

In response to the recent significant upswing in development rights transactions, this program will provide an overview of current New York City law governing zoning lot mergers and the transfer of unused development rights, known as "air rights," between contiguous and non-contiguous lots, as well as the mechanics and practical considerations involved in such matters. The program will review the relevant provisions of the NYC Zoning Resolution, explain core concepts using real life examples, explore key title issues, and go through each of the forms required for zoning lot merger transfers. In addition, the program will discuss special zoning districts with additional incentives for development rights transfers, as well as discuss the laws and procedures governing the transfer of development rights from city-owned properties to privately-owned parcels. This program's updated content will provide credit to past attendees.