ATTORNEYS & EXECUTIVE STAFF

Adam Leitman Bailey
Attorney at Law

Real Estate Weekly recognized that "Adam Leitman Bailey has made a name for himself with his success winning cases in the courtroom."  That same newspaper called Mr. Bailey "famous" for his "condominium, foreclosure and tenant representation," while the New York Real Estate Journal declared Mr. Bailey to be "one of New York's best real estate attorneys."   The New York Times referred to his legal strategy and legislation proposed in one case as "novel," in addition to remarking on how in another case "Adam Leitman Bailey fought on…grinding through excruciating detail and obscure Perry Mason moments."   After Mr. Bailey's firm used a forgotten statute to prevail in a landmark federal case, the Wall Street Journal quoted a prominent New York developer's attorney who called the holding a "game changer" affecting real estate nationwide.  In another case hailed as "the city's largest condo refund ever" (Curbed NY) involving "a settlement likely to send shivers through the ranks of the city's condo developers" (the New York Post), the settlement he received was the largest condominium settlement in history for one building and the largest governmental government grant ($21 million) for a cooperative in New York history.

Dateline NBC referred to Mr. Bailey as "aggressive, tenacious and smart" in asking him to share his negotiating secrets on its nationally syndicated television program.   Mr. Bailey's American advocacy has prevailed in numerous important trials and cases before various courts and trial venues, including Housing, Civil, and New York State Supreme and Federal Courts, as well as various New York Appellate tribunals. Such cases have included:

  · Rivas v. McDonnell, a noteworthy Appellate Division decision involving an interpretation of the recording statute;

  · Priel v. Heby, an important case setting new rules for commercial real estate joint venture agreements;

  · 542 East 14th Street v. Lee, a case of first impression before New York's Appellate Division defining expansion of rent regulation law for non-primary residence cases;

  · Bacolitsas et al. v. 86^th & 3^rd Owner, LLC, a case in which a forgotten federal statute was used to assist numerous purchasers buying in newly constructed buildings.

Mr. Bailey has successfully defended a number of the leading title companies and lenders in the nation, and prevailed in numerous trials and settlements involving commercial and residential building owners and tenants, real estate developers, real estate brokerages, insurance companies and cooperative and condominium boards.  In addition, Mr. Bailey has favorably represented a number of tenant and homeowner associations and commercial and residential tenants, garnering for these persons and associations many millions of dollars in compensation and rent abatements.  For clients facing landlords who leave buildings in disrepair, Mr. Bailey has an unusually successful track record of getting those residential towers, apartments, and stores repaired and all services restored. 

Mr. Bailey has also applied his expertise in closing various real estate deals and commercial leases. He has been named to the Board of Editors for Commercial Leasing Law & Strategy and has a regular real estate column in the New York Law Journal. Bailey's lease drafting skills received national attention when BlumbergExcelsior, the nation's leading form distributor responsible for over 70 percent of the residential leases signed in the United States, tapped Bailey to draft a new set of New York City, State and national residential and office leases for purchase nationwide. BlumbergExcelsior's principal remarked that Bailey's lease drafting skills were "remarkable." While almost all New York property owners utilize his leases for residential purposes, his commercial leasing ideas and strategies are commonly a part of the entire national commercial leasing scene and have been included in "The Insider's Best Commercial Lease Clauses," published by the Vendome Group.

His success as cooperative and condominium general counsel earned Mr. Bailey recognition in "Who's Who in Real Estate" by Habitat Magazine. As an assistant adjunct professor at New York University, Mr. Bailey teaches commercial and residential landlord-tenant law. This year, Mr. Bailey has taken on the role of author to guide first-time home buyers through the purchase process.  John Wiley and Sons has published his first book, Finding the Uncommon Deal: A Top New York Lawyer Explains How to Buy a Home for the Lowest Possible Price which became a number one New York Times bestseller and is available for purchase worldwide.  This past year, Mr. Bailey was elected a Fellow of the American College of Real Estate Lawyers (ACREL) where he serves on the Insurance and Title Insurance committees and the American College of Mortgage Attorneys.