Buying And Selling Air Rights In New York City: Part 1

Law360, New York (January 3, 2018, 12:13 PM EST) -- The transfer of air rights (also referred to as developments rights) to a development site is often utilized by developers to facilitate construction of a taller building on the development site than would have been possible had such rights not been transferred. This article discusses air rights in New York City: what they are, the as of right (i.e., without government approval) acquisition of air rights, and the documents necessary to acquire such rights for development of land. 


There is no legal definition of air...
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