By Cindy Gokay, Licensed Real Estate Salesperson 

New York City’s City of Yes zoning reforms are set to reshape the skyline—offering developers unprecedented opportunities for new builds, commercial conversions, and maximizing property value. If you’re looking to stay ahead of the curve, here’s what you need to know. 

5 Key Takeaways for Developers

1.  More Buildable Land = Increased Housing Supply 

• NYC aims to add 80,000 new units over the next decade. Developers can now build on previously restricted lots.

2.  Easing of Outdated Zoning Laws

• The repeal of regulations like the Sliver Law opens up new opportunities for vertical development and underutilized air rights. 

3.  Commercial-to-Residential Conversions Simplified

• New policies make it easier to convert offices into residences, creating high-demand mixed-use developments. 

4.  Floor Area Ratio (FAR) Increases = Expansion Potential 

• Previously maxed-out properties may now have additional buildable space, directly impacting valuations and feasibility. 

5.  Higher Density, Fewer Parking Requirements 

• By eliminating parking minimums in transit-heavy areas, the city is pushing for more high-rise developments and ADU legalization. 

What this Means for You 

For new construction and redevelopment, these changes present exciting opportunities— but also require a strategic approach to marketing and sales. 

Are you looking for a real estate expert to take your project from pre-construction to sell- out? With 20+ years of experience, including 7+ years leading new development sales teams, I specialize in maximizing exposure and securing high-value deals.

Click here to connect with Cindy