BBG News

Sherwin Belkin Quoted by The Real Deal

Jun 6, 2024

Sherwin Belkin, Co-Founding Partner, was quoted by The Real Deal in the article titled “Suddenly, controversial co-op bill gets new life.”

A proposed bill to limit ground lease rent increases for co-op shareholders and give them renewal rights gained momentum in the New York Senate but faced opposition for potential constitutional violations.

Mr. Belkin stated that, “[he] views the bill as part of a “disturbing trend of legislative overreach.” He noted that, typically, the fee owner and the co-op are able to renegotiate leases rather than have the building revert to a rent-stabilized property.”

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