Assembly BillIntroduced
A 1643: Authorizes the commissioner of the New York city department of finance to create an air rights database recording transfers of such unused development rights.
What A 1643 does, verified January 8, 2026
The bill aims to create a searchable database to track and record transactions of air rights in the city. The database will include information such as the date of the transaction, the square footage of air rights transferred, and the consideration exchanged for the rights. The database will also contain the physical addresses of the properties involved and the identities of the buyer and seller. Additionally, the database will require the disclosure of the buyer's and seller's legal address and other relevant contact information. The database will be developed by the Commissioner of the Department of Finance in collaboration with the Chair of the Department of City Planning, and it will take effect immediately.
Bill journey
1IntroducedCurrent
2In CommitteePending
3First Chamber FloorPending
4Second ChamberPending
5GovernorPending
6ChapteredPending
Last action: referred to cities (2026-01-07)Alert me
Author and sponsors
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| Jan. 07, 2026 | referred to cities |
| Jan. 10, 2025 | referred to cities |
Latest bill textIntroduced version, January 10, 2025 · 332 words
STATE OF NEW YORK ________________________________________________________________________ 1643 2025-2026 Regular Sessions IN ASSEMBLY January 10, 2025 ___________ Introduced by M. of A. ROSENTHAL -- read once and referred to the Committee on Cities AN ACT to amend the administrative code of the city of New York, in relation to recording interests in air rights The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. The administrative code of the city of New York is amended 2 by adding a new section 11-203.1 to read as follows: 3 § 11-203.1 Maps and records; air rights. a. As used in this section 4 "air rights" means the unused development rights above the surface of 5 the earth, permitted to a lot, parcel, or area of land under a zoning 6 ordinance, remaining when an actual floor area is less than the maximum 7 amount of floor area permissible on such lot. 8 b. No later than January first, two thousand twenty-six, the commis- 9 sioner of the department of finance, in collaboration with the chair of 10 the department of city planning, shall develop or update a single, 11 searchable database that includes: 12 (1) the date of the transaction or transfer of air rights; 13 (2) the square footage of air rights transferred; 14 (3) any consideration exchanged for the air rights; 15 (4) the physical address of the property where the air rights origi- 16 nated and the physical address of the property where the air rights are 17 being transferred; 18 (5) any other assets of value included in the transaction; 19 (6) the identities of the buyer and seller; and 20 (7) the disclosure of the buyer's and seller's legal address and other 21 relevant contact information. 22 § 2. This act shall take effect immediately. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD04223-01-5
Text of A 1643 as introduced, from the official record. Connect Plus keeps every version and highlights what changed.Compare versions