11/11/2026
➡️NYC's Community Opportunity to Purchase Act (COPA) was signed into law yesterday (Nov 10).
Starting Nov 10, 2027, when a distressed, HPD-regulated building of up to 100 units goes up for sale, qualified nonprofits get the first look — 20 days to express interest and 70 days to make an offer, with a right to match a later sale.
About 2,100 buildings citywide qualify, and HPD is still writing the rules. If you own multifamily and were thinking of selling on your own timeline, it's worth 10 minutes to run the numbers now, before a mandated first-look window is part of every sale.
If you own a multifamily building, a nonprofit gets first look when you sell —
Is it worth 10 minutes to talk through the details.