๐๏ธ ๐๐ฟ๐ผ๐๐ป๐ฑ ๐ฅ๐๐น๐ฒ๐ ๐ถ๐ ๐ฏ๐ฎ๐ฐ๐ธ โ ๐ฎ๐ป๐ฑ ๐๐ต๐ถ๐ ๐ฒ๐ฝ๐ถ๐๐ผ๐ฑ๐ฒ ๐ณ๐ฒ๐ฎ๐๐๐ฟ๐ฒ๐ ๐ฎ ๐ฝ๐ฒ๐ฟ๐๐ฝ๐ฒ๐ฐ๐๐ถ๐๐ฒ ๐๐ผ๐ ๐ฑ๐ผ ๐ป๐ผ๐ ๐ต๐ฒ๐ฎ๐ฟ ๐ฒ๐๐ฒ๐ฟ๐ ๐ฑ๐ฎ๐.
My Belkin ยท Burden ยท Goldman, LLP partner Michael Bobick spent years inside the New York City Loft Board before moving to private practice.
That combination, agency-side regulatory experience, now applied to advising owners, landlords, and development teams, makes him a rare voice on New York City Loft Law.
๐ช๐ฒ ๐ฐ๐ผ๐๐ฒ๐ฟ๐ฒ๐ฑ ๐ฎ ๐น๐ผ๐ ๐ผ๐ณ ๐ด๐ฟ๐ผ๐๐ป๐ฑ:
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How former commercial and manufacturing buildings enter the Loft Law framework
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The Loft Board process and what owners are actually navigating
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Legalization requirements and the path from โoccupiedโ to certificate of occupancy
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7-B compliance and how it intersects with CO requirements
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Proposed Loft Board rule changes currently moving through the public rulemaking process, including primary residence determinations and new certificate of occupancy-based compliance requirements
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The practical realities most people do not see until they are already in the middle of it
If you have a Loft Law situation, or just want to understand how this corner of New York real estate actually works, this episode is worth your time.
And if you want to hear Michael in person, he will be speaking at a Loft Law seminar at BBG on May 13. Details in the comments.
One of the reasons we started Ground Rules was to make space for conversations like this one: real estate law, development, policy, dealmaking, and the practical issues that shape how New York actually gets built, converted, financed, regulated, and operated.
If you work in real estate โ development, lending, law, design, finance, government, construction, or anything adjacent โ and you have a story, lesson, or issue worth unpacking, we would like to hear from you.
Guest nominations welcome in the comments.
Episode link in the comments. ๐