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Local law · Int 0888-2024

Requiring unsolicited offers to purchase certain residential properties to include disclosures of market value

Official titleShow

A Local Law to amend the administrative code of the city of New York, in relation to requiring unsolicited offers to purchase certain residential properties to include disclosures of market value

The heading above is this same sentence with its legal opening removed. No words were added, changed or reordered.

Latest action Mar 17, 2025

New York City Council

Sponsor

Crystal Hudson

Council Member, District 35 · Democratic

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Summary

This bill would require that when a purchaser submits an offer to buy certain residential property that the owner has not listed for sale, is not actively selling, or did not intend to sell, the purchaser must disclose, in writing, in a clear and conspicuous manner, the estimated market value of such property. Any purchaser who violates this law is liable for a civil penalty of not more than $500 for the first violation and not more than $1,000 for a subsequent violation. Each distinct offer that violates this law is considered a separate violation. This bill would include a private right of action. The City sheriff would enforce this bill. It would be an affirmative defense in any adjudication pursuant to this bill for the purchaser to have an interest in the residential property for which an offer was submitted.

Summary from NYC Council (Legistar). How we handle summaries

From the NYC Council's legislative record (Legistar) and official rosters. This record was last updated Aug 1, 2026. About our data

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Where it stands

Became law without the Mayor's signature.

  1. Introduced
  2. In committee
  3. Up for a vote
  4. Passed one chamber
  5. Passed
  6. Enacted

Committee

Committee on Consumer and Worker Protection

Cosponsors

Gale A. Brewer, Shahana K. Hanif and 14 others

Cosponsors in the order the New York City Council lists them.

  • Democratic13

Party is shown for the 13 cosponsors who are on Agora.

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Show the full list (16 names)

Names without a link are in the official record but not on Agora.

Recorded votes

  • Vote: Approved by Committee

    Committee on Consumer and Worker ProtectionFeb 13, 2025Result: passed

    (7) (0) (0) (0)

  • Vote: Approved by Council

    NYC CouncilFeb 13, 2025Result: passed

    (48) (0) (0) (1)

Full history

  1. Mar 17, 2025

    Returned unsigned by the Mayor

    This Introduction was Returned Unsigned by Mayor

    NYC Council

  2. Mar 15, 2025

    Adopted

    This Introduction was City Charter Rule Adopted

    Administration

  3. Feb 13, 2025

    Passed a chamber

    A motion was made that this Introduction be Approved by Council approved by consent Roll Call.

    NYC Council

  4. Feb 13, 2025

    Amended

    This Introduction was Amended by Committee

    Committee on Consumer and Worker Protection

  5. Feb 13, 2025

    This Introduction Was Amendment Proposed by Comm

    This Introduction was Amendment Proposed by Comm

    Committee on Consumer and Worker Protection

Show full history (9 earlier events)
  1. Feb 13, 2025

    Committee vote

    This Introduction was Approved by Committee

    Committee on Consumer and Worker Protection

  2. Feb 13, 2025

    Hearing held

    This Introduction was Hearing Held by Committee

    Committee on Consumer and Worker Protection

  3. Feb 13, 2025

    Sent to the executive

    This Introduction was Sent to Mayor by Council

    NYC Council

  4. Nov 19, 2024

    Hearing held

    This Introduction was Hearing Held by Committee

    Committee on Consumer and Worker Protection

  5. Nov 19, 2024

    Hearing held

    This Introduction was Hearing Held by Committee

    Committee on Aging

  6. Nov 19, 2024

    Held over

    This Introduction was Laid Over by Committee

    Committee on Aging

  7. Nov 19, 2024

    Held over

    This Introduction was Laid Over by Committee

    Committee on Consumer and Worker Protection

  8. May 16, 2024

    Introduced

    This Introduction was Introduced by Council

    NYC Council

  9. May 16, 2024

    Referred to committee

    This Introduction was Referred to Comm by Council to the Committee on Consumer and Worker Protection

    NYC Council