Adam Leitman Bailey

Adam Leitman Bailey
About Adam Leitman Bailey

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, 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).

 

 


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headline

Headline

Adam Leitman Bailey, P.C. Client Highlights 2016 READ MORE
Adam Leitman Bailey, P.C. Victorious in Case of First Impression Before Appellate Division Involving Ailing Relative Defense to Primary Residence Action READ MORE APPELLATE LITIGATION
Adam Leitman Bailey Named One of New York’s Most Powerful Real Estate Attorney by the Commercial Observer READ MORE
Defining the Limits Of Liquidated Damages Clauses READ MORE COMMERCIAL LANDLORD REPRESENTATION
Adam Leitman Bailey, P.C. Rescues Client’s Million Dollar Letter of Credit At the Eleventh Hour, Then Slams The World’s Largest Commercial Real Estate Services Firm, Landlord and Well-Known Fashion Design House in Illegal Kickbacks Case READ MORE COMMERCIAL TENANT REPRESENTATION
Top real estate lawyer makes silver-screen consulting debut with “99 Homes” READ MORE FORECLOSURE LITIGATION GROUP
Adam Leitman Bailey Named One of New York’s Most Powerful Real Estate Attorneys by the Commercial Observer READ MORE
Legal Ace Adam Bailey Breaking The Rules To Make New Ones READ MORE
Legal Ace Adam Bailey Breaking The Rules To Make New Ones READ MORE
Making New Law, Appellate Division Finds that Condo Board Not Liable For Repairing Newly Constructed Building and finds that Obligation to Repair Remains with Sponsor READ MORE APPELLATE LITIGATION
Fortune 100 Company Client Testimonial READ MORE REAL ESTATE LITIGATION
Fair-Market Tenants and Condominium Conversions READ MORE CONDOMINIUM / BOARD OF MANAGERS / NEW CONSTRUCTION REPRESENTATION
Adam Leitman Bailey, P.C. Prevails at the Appellate Division in Adverse Possession Case of First Impression READ MORE APPELLATE LITIGATION
Adam Leitman Bailey, P.C. Lands Largest Condominium Settlement in New York History READ MORE HOMEOWNER AND TENANT ASSOCIATIONS
Making New Law, Appellate Division Finds that Condo Board Not Liable For Repairing Newly Constructed Building and finds that Obligation to Repair Remains with Sponsor; Adam Leitman Bailey, P.C. Victorious at Trial Level and Appeal READ MORE APPELLATE LITIGATION
Tenant Association Defeats Landlord’s Major Capital Improvement Request with 99% Reduction in Amount Claimed; New Record Achieved READ MORE TENANT REPRESENTATION
Adam Leitman Bailey, P.C. Obtains Winning Settlement for Restaurant Struck by Crane on March 15th, 2008 READ MORE REAL ESTATE LITIGATION
The Eviction of A Night Club: Using Aggressive Lawyering, Creative Legal Theories and Impressive Evidence Results in Lease Surrender, Money Judgment and Payment of Legal Fees READ MORE LANDLORD REPRESENTATION
Chambers and Partners Selects Adam Leitman Bailey as a Leading Real Estate Lawyer for its Chambers USA; Only one of three New York Firms with Fewer Than 30 attorneys to receive this honor and only real estate litigation firm. READ MORE
Adam Leitman Bailey is named a “Super Lawyer” READ MORE
Adam Leitman Bailey, P.C. Client Testimonial – A.L. READ MORE
Clarified Rules for Earning Brokerage Commissions READ MORE REAL ESTATE LITIGATION
Using an Unpublished Contractor Decision by Judge and Finite Details of General Business Law, Adam Leitman Bailey, P.C. Prevails at Trial READ MORE CONDOMINIUM & COOPERATIVE REPRESENTATION
Adam Leitman Bailey is One of New York’s Best Real Estate Attorneys READ MORE
Adam Leitman Bailey, P.C. Rescues Condominium From Combination with University READ MORE CONDOMINIUM & COOPERATIVE BOARD & BUILDING REPRESENTATION
“When you really need somebody to deliver, this is the firm.” – J.D.S. READ MORE CONDOMINIUM & COOPERATIVE BOARD & BUILDING REPRESENTATION
Chinatown Landowners Keep Their Property Despite Two Purported Written Contracts Of Sale READ MORE LANDLORD REPRESENTATION
Adam Leitman Bailey Has Been Selected By Chambers & Partners as a Leading Real Estate Lawyer for “Chambers USA: America’s Leading Lawyers for Business” for the Fifth Consecutive Year In 2013 READ MORE
Adam Leitman Bailey, P.C. Client Testimonial – D. READ MORE REAL ESTATE LITIGATION
The 15 Most Fascinating New York Real Estate Cases of the 21st Century READ MORE REAL ESTATE LITIGATION
Lawyer Not to Be Judged by His Cover READ MORE REAL ESTATE LITIGATION
Real Estate Weekly Compares Adam Leitman Bailey’s Real Estate Practice to Apple’s Business READ MORE REAL ESTATE LITIGATION
Real Estate Bisnow writes about the importance of three Adam Leitman Bailey, P.C. cases in 2011 READ MORE REAL ESTATE LITIGATION
New York Observer: Power Broker, “He has built a remarkable law firm. I don’t think everyone understands that what he has done is a huge accomplishment” READ MORE REAL ESTATE LITIGATION
Adam Leitman Bailey, P.C. Prevents Eviction of Tenant and Wins Damages and Attorney Fees using Federal Law Discrimination Statute: Feldman v The Cryder House, Inc. READ MORE TENANT REPRESENTATION
Public Enemy No. 1 for Developers READ MORE HOMEOWNER AND TENANT ASSOCIATIONS
Ying Qi Yang v Shew Foo Chin, Supreme Court, Appellate Division, First Department Decision READ MORE APPELLATE LITIGATION

Adam Leitman Bailey, P.C.

NEW YORK REAL ESTATE ATTORNEYS