Photo: Daryan Shamkhali / Unsplash. Illustrative stock photograph; not a property or company discussed in this article. New York just changed the rules for selling one of the city's hardest-to-sell kinds of buildings. On Oct. 22, the City Council passed the Community Opportunity to Purchase Act, known as COPA, by a 38-9 vote with two abstentions, according to The Real Deal. Mayor Zohran Mamdani supports the bill and has said he looks forward to signing it. As of the latest…
MarketNational
New York Just Gave Nonprofits First Dibs on 2,100 Buildings. Sellers Need a New Timeline.
New York’s Council passed a narrower COPA bill covering roughly 2,100 distressed buildings. The measure still needs the mayor’s signature, the report notes.
