Air Rights Transfers in New York City | Practical Law

Air Rights Transfers in New York City | Practical Law

A Practice Note discussing the transfer of development rights (also known as air rights) under the Zoning Resolution of the City of New York. This Note discusses zoning lot mergers, transfers from landmark buildings, and permitted transfers of development rights within special districts. This Note also discusses practical issues that impact air rights transfers as well as required documents, such as transfer instruments, certifications of parties-in-interest, declarations of zoning lot restriction and zoning lot development agreements.

Air Rights Transfers in New York City

Practical Law Practice Note w-002-5413 (Approx. 19 pages)

Air Rights Transfers in New York City

by Practical Law Real Estate
MaintainedNew York
A Practice Note discussing the transfer of development rights (also known as air rights) under the Zoning Resolution of the City of New York. This Note discusses zoning lot mergers, transfers from landmark buildings, and permitted transfers of development rights within special districts. This Note also discusses practical issues that impact air rights transfers as well as required documents, such as transfer instruments, certifications of parties-in-interest, declarations of zoning lot restriction and zoning lot development agreements.