Property Ownership
In New York, 'air rights' above a property may be:
AOwned only by the government
BSeparately owned, leased, or transferred independently of the surface rights✓ Correct
CUsed by anyone for flying aircraft
DOnly valuable in Manhattan
Explanation
Air rights (the right to use the space above a parcel) can be separately owned, transferred, leased, or sold in New York. This is particularly valuable in densely built urban areas like NYC, where unused air rights (development rights) have significant monetary value.
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