Property Ownership
In New York City, conversion of a rental building to a cooperative or condominium requires:
AApproval from the DOS only
BAn offering plan filed with and accepted by the State Attorney General✓ Correct
CApproval of all current tenants
DA building permit from the NYC Department of Buildings
Explanation
In New York, the conversion of a rental building to a cooperative or condominium requires the sponsor to file an offering plan with the New York State Attorney General's office. The AG reviews and accepts the plan before units can be marketed.
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