Adam Leitman Bailey

Attorney Profile

Top Rated Real Estate Attorney in New York, NY

Adam Leitman Bailey, P.C.
 | One Battery Park Plaza, 18th Floor
New York, NY 10004
Phone: 212-825-0365
Fax: 212-825-0999
Selected to Super Lawyers: 2007 - 2009, 2011 - 2018
Licensed Since: 1995
Practice Areas:
  • Real Estate: Business (50%),
  • Business Litigation (30%),
  • Business/Corporate (20%)
Attorney Profile

Actively at the helm of the law firm he built from scratch, Adam Leitman Bailey, Esq. practices residential and commercial real estate law. Among New York’s most successful and prominent real estate attorneys, Mr. Bailey is one of two attorneys from a law firm with less than 30 attorneys that has been ranked in Chambers & Partners, honored with a Martindale-Hubbell “AV” Preeminent rating, a Best Lawyer ranking for himself and his law firm and selected as one of New York’s Top 100 attorneys by Super Lawyers which included only 5 real estate law firm’s attorneys.

The internationally esteemed Chambers & Partners has repeatedly selected Mr. Bailey as one of New York’s Leading Real Estate lawyers. Chambers & Partners hailed Mr. Bailey as a “tenacious and confident litigator who is quick-witted in court and respected by the judges,” noting that Bailey is “an extraordinary practitioner who gets great results” and quoting a client on Mr. Bailey’s “ability to anticipate things before they happen.” “Clients praise his ‘judgment and knowledge of the field,’ adding: ‘Adam is the person for any sticky situation because he has seen and done everything. He is strategic about litigation.’” “He has been hired to litigate extremely high-profile cases…sources are highly impressed by his courtroom presence.” “You feel like you have a zealous advocate out there working for you, and you never worry about things when they are in his hands.”

A New York State Judge wrote that Mr. Bailey “was the best trial lawyer I saw in my nine years as a Judge in New York City.” The Commercial Observer named him as one of New York’s Most Powerful Real Estate Attorneys. Real Estate Weekly recognized him as “one of the most respected commercial real estate attorneys in not only New York City, but arguably the country.”

The New York Times referred to his legal strategy and legislation proposed in one case as “novel,” in addition to remarking on another case in which “Adam Leitman Bailey fought on…grinding through excruciating detail and obscure Perry Mason moments.” After Mr. Bailey’s firm used a forgotten statute to prevail in a landmark case, the Wall Street Journal quoted a prominent New York developer’s attorney who called the holding a “game changer” affecting real estate nationwide. In another case hailed as “the city’s largest condo refund ever” (Curbed NY) involving “a settlement likely to send shivers through the ranks of the city’s condo developers” (the New York Post), the settlement he received was the largest condominium settlement in history for one building, and in another transaction, he obtained the largest government grant ($21 million) for a cooperative in New York history. The Commercial Observer ranked another victory among their “15 Most Fascinating New York Real Estate Cases of the 21st Century.” Most recently, Mr. Bailey secured the largest settlement in New York City history for a property casualty law suit.

Dateline NBC referred to Mr. Bailey as “aggressive, tenacious and smart” in asking him to share his negotiating secrets on its nationally syndicated television program. Mr. Bailey’s advocacy has prevailed in numerous important trials and cases before various courts and trial venues, including Housing, Civil, and New York State Supreme and Federal Courts, as well as various New York Appellate tribunals.

Notable wins have included:

Lorne v. 50 Madison Avenue LLC, an Appellate Division decision that finds responsibility for repairs of newly constructed buildings remains with Sponsor instead of Condo Board;

Hartman v. Goldman, an adverse possession case of first impression before New York’s Appellate Division;

542 East 14th Street v. Lee, a case of first impression before New York’s Appellate Division defining expansion of rent regulation law for non-primary residence cases;

Interstate Land Sales Full Disclosure Act Cases, turning to a forgotten federal statute called the Interstate Land Sales Full Disclosure Act, he creatively discovered a way to void the contracts of sales for buildings over 100 units resulting in hundreds of settlement and court victories;

Rivas v. McDonnell, a noteworthy Appellate Division decision involving an interpretation of the recording statute;

Sky View Parc Purchasers Association, et al. v. FTC Residential Company II, L.P., the largest condominium settlement in New York history;

Trump SoHo, where Adam Leitman Bailey prevailed in a settlement providing millions of dollars to clients based on fraud claims under the Federal Securities Law. According to one publication, the case has been described as “a watershed case in the world of condo litigation. * * * [C]ondo attorneys said that developers are now far more reluctant to disclose sales information to buyers’ attorneys, for fear of legal repercussions if they turn out to be wrong”;

Crave Ceviche Bar, Adam Leitman Bailey, P.C. Lands Largest Settlement in New York History for a Restaurant Opened Less Than Seven Months.

Mr. Bailey has successfully defended a number of leading title companies and lenders in the nation and prevailed in numerous trials and settlements involving commercial and residential building owners, tenants, real estate developers, real estate brokerages, insurance companies and cooperative and condominium boards. In addition, Mr. Bailey has favorably represented a number of tenant and homeowner associations as well as commercial and residential tenants, garnering millions of dollars in compensation and rent abatements for these associations and individuals. For clients facing landlords who leave buildings in disrepair, Mr. Bailey has an unusually successful track record of getting those residential towers, apartments, and stores repaired and all services restored.

Mr. Bailey has also applied his expertise in closing various real estate deals and commercial leases. He has been named to the Board of Editors for Commercial Leasing Law & Strategy and has a regular real estate column in the New York Law Journal. Bailey’s lease-drafting skills received national attention when BlumbergExcelsior, the nation’s leading form distributor, responsible for over 70 percent of the residential leases signed in the United States, tapped Bailey to draft a new set of residential and office leases for purchase nationwide. BlumbergExcelsior’s principal remarked that Bailey’s lease drafting skills were “remarkable.” While almost all New York property owners utilize his leases for residential purposes, his commercial leasing ideas and strategies are commonly part of the entire national commercial-leasing scene and have been included in “The Insider’s Best Commercial Lease Clauses,” published by the Vendome Group.

His success as cooperative and condominium general counsel earned Mr. Bailey recognition in “Who’s Who in Real Estate” by Habitat Magazine. As an assistant adjunct professor at New York University, Mr. Bailey taught commercial and residential landlord-tenant law. In 2011, Mr. Bailey took on the role of author to guide first-time home buyers through the purchasing process. John Wiley and Sons published his first book, Finding the Uncommon Deal: A Top New York Lawyer Explains How to Buy a Home for the Lowest Possible Price which became a New York Times bestseller and is available for purchase worldwide. Mr. Bailey has also been elected a Fellow of the American College of Real Estate Lawyers (ACREL), where he serves on the Insurance and Title Insurance committees, and the American College of Mortgage Attorneys (ACMA).

Recent articles in The New York Law Journal that feature significant cases and decisions by Adam Leitman Bailey, P.C:

Adam Leitman Bailey, P.C. Protects Tenants in 420-Unit Complex Under Rent Stabilization Code

Adam Leitman Bailey, P.C. Defeats Motion to File Late Answer in Case where Defendant Failed to Demonstrate Meritorious Defense; Appellate Court Upholds

Court Finds Building Not Subject to Rent Stabilization Based on Photographic Evidence Showing Substantial Renovations Had Been Performed

Original Promissory Note Lost—Lender Satisfied UCC 3-804 and Entitled to Judgment

 
Practice Areas
Lawyer Practice Area Pie Chart

Real Estate (50%): Condominiums & Cooperatives, Landlord/Tenant, Mortgage & Refinance

Business Litigation (30%)

Business/Corporate (20%)

Focus Areas

Condominiums & Cooperatives, Landlord/Tenant, Mortgage & Refinance

Selections

Selected to Super Lawyers for 11 yearsbottom-image

Super Lawyers: 2007 - 2009, 2011 - 2018

Certificates and Credentials

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To: Adam Leitman Bailey
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About Adam Bailey

Admitted: 1995, New York

Professional Webpage: https://www.alblawfirm.com/attorney-staff/adam-leitman-baile...

Honors/Awards:

  • Chambers and Partners Selects Adam Leitman Bailey as a Leading Real Estate Lawyer for its Chambers USA, Chambers and Partners
  • To view all awards please visit https://www.alblawfirm.com/awards/
  • “Best Law Firm” by U.S. News – Best Lawyers
  • Who’s Who in Real Estate, Habitat Magazine
  • Avvo Highest Rating
  • AV Rating, Martindale-Hubbell
  • Leading Real Estate Lawyer, Chambers USA
  • Bar Register of Preeminent Lawyers, Martindale-Hubbell

Bar/Professional Activity:

  • Insurance and Title Insurance committees, and the American College of Mortgage Attorneys (ACMA)
  • Fellow of the American College of Real Estate Lawyers (ACREL)

Pro bono/Community Service:

Scholarly Lectures/Writings:

  • Adam Leitman Bailey has participated in numerous events and speaking engagements. You can view them https://www.alblawfirm.com/speaking-engagements/
  • To view more articles written by Mr. Bailey please visit https://www.alblawfirm.com/articles/
  • Finding the Uncommon Deal: A Top New York Lawyer Explains How to Buy a Home for the Lowest Possible Price
  • Assistant Adjunct Professor, New York University
  • Real Estate Column, New York Law Journal
  • Board of Editors, Commercial Leasing Law & Strategy
  • BlumbergExcelsior Inc., a leading supplier of online law forms, has introduced new comprehensive lease forms drafted by prominent real estate attorneys Adam Leitman Bailey and Dov Treiman of Adam Leitman Bailey, P.C., Author, Lease Agreements, BlumbergExcelsior

Representative Clients:

Office Location for Adam Leitman Bailey

One Battery Park Plaza
18th Floor
New York, NY 10004

Phone: 212-825-0365

Fax: 212-825-0999

 

Adam Leitman Bailey:

Last Updated: 6/13/2018

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