A new state law in New York that makes every condo buyer’s name publicly available is having unintended consequences for legions of billionaires, celebrities and other privacy-seeking condo owners
New state law makes every condo buyer’s name publicly available under the state’s Freedom of Information LawA dispute over home conversions in suburban Rockland County threatens to upend Manhattan’s luxury condominium market.
Lawmakers in the county drew up state legislation to prevent the anonymous purchase of homes through the creation of limited-liability companies. Some residents suspected their new neighbors of making illegal home conversions or subdivisions, and getting local authorities to enforce the rules is more difficult if a property is owned through an LLC.
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