Adam Leitman Bailey, P.C. was retained by lender to commence a foreclosure action against a borrower on a business purpose loan that was secured by four properties. Defendant borrower filed an answer with affirmative defenses alleging that Defendant was not delinquent on mortgage payments, and that the Lender was the cause of the default. Adam Full Article…
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About Adam Leitman Bailey
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, rated by Best Lawyers for himself and his law firm, and selected by Super Lawyers as one of New York’s “Top 100” attorneys, a list that included only five real estate law firms’ attorneys that year.
One New York State Judge wrote that Adam Leitman Bailey “was the best trial lawyer I saw in my nine years as a Judge in New York City” while another stated that he had known Bailey for fifteen years and “that he is a brilliant lawyer and innovative who always worked zealously on behalf of his clients.” 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. 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.
Adam Leitman 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.
Adam Leitman 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.”
His success as cooperative and condominium general counsel earned Adam Leitman Bailey recognition in “Who’s Who in Real Estate” by Habitat Magazine. Mr. Bailey authored his first book, Finding the Uncommon Deal: A Top New York Lawyer Explains How to Buy a Home for the Lowest Possible Price (Wiley, 2011). This guide through the purchasing process for first-time home buyers 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 is a former member of the American College of Mortgage Attorneys (ACMA).
Adam Leitman Bailey’s Personal Website
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Adam Leitman Bailey, P.C. Cleans Up A Challenging Foreclosure Case And Secures Summary Judgment In Favor Of The Lender
Adam Leitman Bailey, P.C. was retained by a lender to clean up a messy foreclosure action in which summary judgment had already been denied on the grounds that the lender failed to establish that 90 Day Notices were sent to the borrower in compliance with RPAPL § 1304, a statute that consistently proves to be Full Article…
Adam Leitman Bailey, P.C. Convinces Shareholder Not to Sue By Demonstrating that Leaks Flooding Unit Came from Different Apartment
Adam Leitman Bailey, P.C. was retained by shareholder of an apartment in a prestigious NYC cooperative for help after her apartment allegedly caused leaks into two neighboring units. A. First Affected Apartment The first unit was directly below our client’s. That shareholder threatened litigation against our client, claiming that his apartment was suffering from water Full Article…
Tricky Issues Representing National Company In Long Term Lease for Vacant Land Ends Successfully
Adam Leitman Bailey, P.C. negotiated a twenty-year Lease on the Owner’s behalf with national company Energy Tenant, which finances and manages all aspects of energy storage development and operations to significantly and sustainably lower electricity bills for the commercial and industrial sector, electric cooperatives, and municipal utilities. This company also serves as a capital partner Full Article…
After Setbacks with Former Counsel, Adam Leitman Bailey, P.C. Investigates and Overwhelms Court and Adversary with Evidence in Non-Primary Residence Case
The first case involved a grandfathered-in rent stabilized apartment and tenant suspected of non-primary residence and subletting for over a decade. The COOP brought several unsuccessful cases before turning to Adam Leitman Bailey, P.C. Following a comprehensive investigation, the tenant was linked to his home in Long Island, including by deeds, DMV records including car Full Article…
Adam Leitman Bailey, P.C. Victoriously Defeats Motion to Dismiss Housing Court Eviction Proceeding
Representing the landlord of a building in the Bronx, Adam Leitman Bailey, P.C. successfully defeated a motion to dismiss a nonpayment proceeding brought by tenants illegally operating a business out of the building. We commenced a Supreme Court action against the tenants seeking equitable relief in the form of specific performance and an injunction. While that Full Article…
Clearing Hurdles and Encroachments to get Deals Done
Unforeseen issues and circumstances often arise during real estate transactions and the attorneys at Adam Leitman Bailey, P.C. have the experience and expertise to maneuver and procure successful outcomes for our clients. During the recent representation of a seller of residential real estate, upon receipt of the title report and survey of the premises, it Full Article…
Adam Leitman Bailey, P.C. Expeditiously Prepares Resignation Agreement and Release for Domestic Employee of Shareholder in Cooperative
On a late Friday afternoon in May, an old client, whom Adam Leitman Bailey, P.C. has represented as a shareholder in a cooperative, called the firm. He shared that on that day, his housekeeper had told him that she was ill and wanted to resign from her job. He requested the preparation of an agreement Full Article…
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