In a recent article examining New York’s proposed ground lease reform bill, attorney Marc Schneider, Managing Partner of Schneider Buchel LLP, discusses the growing challenges faced by cooperative buildings on leased land. Schneider explains how expiring ground leases can threaten property values, financing opportunities, and shareholder equity, and highlights how Assembly Bill A2619A could provide greater stability, predictability, and long-term protections for affected co-op communities.
