Buyouts and Sale of Apartment Lease

Buyouts and Sale of Apartment Lease

About Buyouts and Sale of Apartment Lease

In New York City, tenants have the valuable right to discounted rents in certain apartment buildings, usually depending on the buildings’ size and age. Since landlords have the incentive to charge as much rent as possible, landlords and tenants have the ability to benefit financially from the sale of these rights under the rent regulation laws – so called “buy out” agreements.

As a result, for almost all rent regulated apartments, you can find a landlord who would like to see the tenant vacate the apartment and may be willing to pay some serious money for this to happen. Adam Leitman Bailey, P.C. has completed some of the largest buyouts of both residential apartments and commercial leases per square footage in New York history. This list includes among many other matters:

  • The buyout of a tenant’s residential lease for over 2 million dollars and 75,000 in payment of Adam Leitman Bailey, P.C.’s legal fees.
  • The sale/buyout of two commercial leases for 1.1 and 1.9 million dollars
  • The buyout of a 400 square foot rent regulated apartment lease for 1.4 million dollars.
  • The buyout of a less than 400 square foot rent regulated apartment for $625,000.
  • The buyout of a 350 square foot apartment for $650,000.
  • The buyout of a 3 bedroom apartment for more than 2 million dollars.

To add are the settlements of several commercial leasing cases involving a number of commercial tenants receiving millions of dollars.

Adam Leitman Bailey, P.C. attorneys understand the importance of the art of negotiation and its attorneys have lectured, written and even appeared on national television’s Dateline NBC to discuss their negotiating methods. Adam Leitman Bailey, P.C. attorneys are committed to perfecting and preparing for every negotiation and the firm constantly trains its attorneys on negotiating techniques and methods. Whether in maximizing the price when representing a tenant, or minimizing it when representing a landlord, Adam Leitman Bailey, P.C.’s expertise at the negotiating table is unsurpassed in the real estate industry.

Among New York’s most successful and prominent real estate attorneys, Mr. Bailey has been identified among the top five percent of attorneys in the New York area, repeatedly named a Super Lawyer by Law & Politics magazine, ranked in Chambers & Partners, and honored with a Martindale-Hubbell “AV” Preeminent rating as well as a Best Lawyer for himself and his law firm.

The Commercial Observer named Adam Leitman Bailey as one of New York’s Most Powerful Real Estate Attorneys. Real Estate Weekly recognized him as, “one of the most respected commercial real estate attorneys in not only New York City, but arguably the country.” The New York Times referred to his legal strategy and legislation proposed in one case as “novel,” in addition to remarking on another case in which “Adam Leitman Bailey fought on…grinding through excruciating detail and obscure Perry Mason moments.”

Buyouts and Sale of Apartment Lease

Published Articles

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Buyouts and Sale of Apartment Lease

Press Mentions

Landlord Ordered to Make Major Repairs to Apartment
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Adam Leitman Bailey, P.C. Victorious in Case of First Impression Before Appellate Di...
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One57 Tower Deal Brings a Fight
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The Real Deal Credits Adam Leitman Bailey as First Lawyer in NYC to Use the ILSA Pro...
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The Condo Conversion Crunch
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Building Management Turned off Utilities, Damaged Walls
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Buyouts and Sale of Apartment Lease

Letters of Reference

“Thanks a million for being so great…”
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“You were the best defense I could have ever hoped for. I will always be grate...
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“I can’t thank you enough for the work you did for me on my apartment &#...
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“Your terrific negotiating skills enabled us to come to a settlement for me to...
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Buyouts and Sale of Apartment Lease

Case Studies

Adam Leitman Bailey, P.C. Wins Over Million Dollar Tenant Buyout After Demonstrating...
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Adam Leitman Bailey, P.C. Achieves Remarkable $1.6 Million Buyout for Rent Controlle...
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How Adam Leitman Bailey’s 79 year old Client Received Over 2 Million Dollars f...
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Adam Leitman Bailey, P.C. Wins Record-Breaking Sum in Settlement for Tenant Being Fo...
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Adam Leitman Bailey, P.C. Obtains Winning Settlement for Restaurant Struck by Crane ...
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Using Victory in Court, Proposing Legislation, Conducting Rallys, and Mobilizing Pol...
READ MORE Homeowner and Tenant Associations
Adam Leitman Bailey, P.C. Obtains One of the Largest Buyouts in New York History for...
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Adam Leitman Bailey, P.C. Turns a $25,000 Offer Into a $1 Million Buyout
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Adam Leitman Bailey, P.C. Succeeds in Brokering a Favorable Buyout for Residential T...
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Adam Leitman Bailey, P.C.’s Use of Arcane and Recently Amended Loft Law Rules Resu...
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Working For Free, Adam Leitman Bailey, P.C. Prevails In Recovering Rent From Landlor...
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Buyouts and Sale of Apartment Lease

Headline

Adam Leitman Bailey, P.C. Turns a $25,000 Offer Into a $1 Million Buyout
READ MORE Tenant Representation
How Adam Leitman Bailey’s 79 year old Client Received Over 2 Million Dollars f...
READ MORE Tenant Representation
Using Victory in Court, Proposing Legislation, Conducting Rallys, and Mobilizing Pol...
READ MORE Homeowner and Tenant Associations
Adam Leitman Bailey, P.C. Wins Record-Breaking Sum in Settlement for Tenant Being Fo...
READ MORE Tenant Representation
Adam Leitman Bailey, P.C. Obtains Winning Settlement for Restaurant Struck by Crane ...
READ MORE Real Estate Litigation
Adam Leitman Bailey, P.C. Obtains One of the Largest Buyouts in New York History for...
READ MORE Real Estate Litigation
Adam Leitman Bailey, P.C. Victorious in Case of First Impression Before Appellate Di...
READ MORE Appellate Litigation
“I can’t thank you enough for the work you did for me on my apartment &#...
READ MORE Tenant Associations
“Dependable, confident, fair… The outcome of the settlement exceeded my ...
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The Firm Is One That “Thinks out of the Box”… That “Gave Us ...
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Client Highlights: Tenants
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Adam Leitman Bailey, P.C.

NEW YORK REAL ESTATE ATTORNEYS