NYC Owners, Developers & Lawyers - Loft Board Rule Changes

🎙️ 𝗚𝗿𝗼𝘂𝗻𝗱 𝗥𝘂𝗹𝗲𝘀 𝗶𝘀 𝗯𝗮𝗰𝗸 — 𝗮𝗻𝗱 𝘁𝗵𝗶𝘀 𝗲𝗽𝗶𝘀𝗼𝗱𝗲 𝗳𝗲𝗮𝘁𝘂𝗿𝗲𝘀 𝗮 𝗽𝗲𝗿𝘀𝗽𝗲𝗰𝘁𝗶𝘃𝗲 𝘆𝗼𝘂 𝗱𝗼 𝗻𝗼𝘁 𝗵𝗲𝗮𝗿 𝗲𝘃𝗲𝗿𝘆 𝗱𝗮𝘆. My Belkin · Burden · 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. 𝗪𝗲 𝗰𝗼𝘃𝗲𝗿𝗲𝗱 𝗮 𝗹𝗼𝘁 𝗼𝗳 𝗴𝗿𝗼𝘂𝗻𝗱: ✅ How former commercial and manufacturing buildings enter the Loft Law framework ✅ The Loft Board process and what owners are actually navigating ✅ Legalization requirements and the path from “occupied” to certificate of occupancy ✅ 7-B compliance and how it intersects with CO requirements ✅ Proposed Loft Board rule changes currently moving through the public rulemaking process, including primary residence determinations and new certificate of occupancy-based compliance requirements ✅ 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 — development, lending, law, design, finance, government, construction, or anything adjacent — 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. 👇