Tips For Negotiating Air Rights In NYC

Law360, New York (February 25, 2013, 9:33 PM ET) -- Demand for new housing in New York has made transferable development rights, or "air rights," a hot commodity in recent months, but zoning attorneys warn of a variety of pitfalls that come along with “buying air,” from hidden building code rules to rezoning efforts that could render the rights useless.

It can be enticing to thwart zoning rules about height and floor area ratio by buying a neighbor's excess rights to such dimensions, especially in a city such as New York where building up is in...
To view the full article, take a free trial now.
Try Law360 for free for seven days
Already a subscriber? Click here to login

Already have access?

  1. Forgot your password?
  2. Sign In

Get instant access to the one-stop news source for business lawyers

Required