Stuart M Saft
USA Guide 2024
Band 2 : Real Estate: Mainly Dirt
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Band 2
About
Provided by Stuart M Saft
Practice Areas
Stuart M. Saft, practice group leader of Holland & Knight's New York Real Estate Practice Group, co-chair of the firm's global Condominium Development and Conversion Team, and former co-chair of the firm's Hospitality, Resort and Timeshare Group, has extensive experience in the development, financing, leasing, conversion-to-condominium and cooperative ownership, exchange, syndication, sale-leaseback, timeshare, restructuring, acquisition and sale of residential, commercial and hospitality property throughout the United States. Mr. Saft also represents borrowers and lending institutions in mortgage lending and workouts.
Mr. Saft is the former chair of the board of directors of the National Cooperative Bank and the New York City Workforce Investment Board. Stuart M. Saft, practice group leader of Holland & Knight's New York Real Estate Practice Group, co-chair of the firm's global Condominium Development and Conversion Team, and former co-chair of the firm's Hospitality, Resort and Timeshare Group, has extensive experience in the development, financing, leasing, conversion-to-condominium and cooperative ownership, exchange, syndication, sale-leaseback, timeshare, restructuring, acquisition and sale of residential, commercial and hospitality property throughout the United States. Mr. Saft also represents borrowers and lending institutions in mortgage lending and workouts.
Mr. Saft is the former chair of the board of directors of the National Cooperative Bank and the New York City Workforce Investment Board. Mr. Saft has written 44 books on Commercial Real Estate and more than 100 articles on real estate, economics and finance. Mr. Saft also is the author of the three-volume "Commercial Real Estate Workouts," which is in its third edition and published by Thomson Reuters Westlaw, and chaired four webinars on the impact of Russian sanctions on New York City Real Estate and lessons learned from the Surfside collapse.
In addition, Mr. Saft has extensive experience with matters involving the New York State Attorney General, foreign investors, leasehold condominiums and planned unit developments.
Professional Memberships
American College of Real Estate Lawyers, 2002-Present
National Consumer Cooperative Bank, Board Member, Board Chairman, Board Vice Chairman, Audit Committee Chairman, 2002-2012
NCB, FSB, Board Member, Board Vice Chairman, Audit Committee Chairman, Loan Committee Chairman, 2002-2012
American College of Real Estate Lawyers, 2002-Present
National Consumer Cooperative Bank, Board Member, Board Chairman, Board Vice Chairman, Audit Committee Chairman, 2002-2012
NCB, FSB, Board Member, Board Vice Chairman, Audit Committee Chairman, Loan Committee Chairman, 2002-2012
Council of New York Cooperatives and Condominiums, Board Member, 1981-Present, Chairman, 1987-Present
The Real Estate Finance Journal, Contributing Editor, 1988-2010
New York City Workforce Investment Board, Board Chairman, 1998-2010, Chairman Emeritus, 2010-Present
Member, Thomson Reuters Real Estate Advisory Board, 2018-Present
New York State Attorney General's Task Force on the Martin Act, 1995-1999, 2002-2007
Lawyers Alliance, Board Member, 2007-2012
United States Army Reserve, Captain (Ret.)
Chambers Review
USA
Stuart Saft demonstrates particular expertise in handling matters relating to condominiums, including acquisition, formation and development.
Strengths
Provided by Chambers
"Stuart is an incredible attorney with a wealth of knowledge on various topics. He is innovative and creative in his work and practice."
"Stuart is an incredible attorney with a wealth of knowledge on various topics. He is innovative and creative in his work and practice."
Articles, highlights and press releases
3 items provided by Holland & Knight LLP
FinCEN Proposal for Nonfinanced Purchases of Residential Real Estate and Gratuitous Transfers
The U.S. Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) on Feb. 7, 2024, issued a Notice of Proposed Rulemaking (NPRM).
DOF Ruling Confirms Property Tax Exemption for Homeless Shelter in a Leasehold Condominium
The New York City Department of Finance (DOF), in responding to a ruling request from Holland & Knight, ruled that a homeless shelter owned and operated by a not-for-profit (NFP) entity is eligible for the Real Property Tax Law tax exemption utilizing a leasehold condominium structure.
Regulatory Changes Impact Leasehold Condominiums in New York
The leasehold condominium structure has become a popular way for landlords and nonprofit entities to establish or modify their relationship to permit space that the nonprofit would formerly lease to qualify for a real property tax exemption.
FinCEN Proposal for Nonfinanced Purchases of Residential Real Estate and Gratuitous Transfers
The U.S. Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) on Feb. 7, 2024, issued a Notice of Proposed Rulemaking (NPRM).
DOF Ruling Confirms Property Tax Exemption for Homeless Shelter in a Leasehold Condominium
The New York City Department of Finance (DOF), in responding to a ruling request from Holland & Knight, ruled that a homeless shelter owned and operated by a not-for-profit (NFP) entity is eligible for the Real Property Tax Law tax exemption utilizing a leasehold condominium structure.
Regulatory Changes Impact Leasehold Condominiums in New York
The leasehold condominium structure has become a popular way for landlords and nonprofit entities to establish or modify their relationship to permit space that the nonprofit would formerly lease to qualify for a real property tax exemption.
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