Bill > A08426

This bill extends the existing authorization for the city of New York to sell certain unusable city-owned real property to adjacent property owners. Specifically, the bill amends a previous law from 2010 that allows the city to sell tax lots that cannot be independently developed due to their size, shape, configuration, topography, or applicable zoning regulations. The key change is to extend the expiration date of this authorization from December 31, 2025, to December 31, 2030, effectively giving the city an additional five years to continue this property disposition process. The bill takes effect immediately upon passage, and the provisions will be automatically repealed at the end of 2030, maintaining the temporary nature of the original authorization while providing the city with continued flexibility to dispose of otherwise undevelopable parcels of land.

Budget and Finance, Government Affairs

https://www.nysenate.gov/legislation/bills/2025/A8426