Carter Ledyard Client New York City Transit Authority Acquires Site For New ADA Compliant Subway Entrance

On September 4, 2020, New York City Transit Authority closed on the acquisition of a new entrance site that will serve the Sixty-Eighth Street/Hunter College Station on the Lexington Avenue 6 line. The new entrance will be part of a larger upgrade to make the station ADA-compliant, and consisted of the purchase of a three dimensional volume of land and air space. An Adjacent Owners Agreement was also entered into with the seller of the property, which will be recorded in the land records along with the deed. Macculloch M. Irving and Rocco M. Sainato provided real estate counsel on the transaction, with assistance from Stephen Kass and Christopher Rizzo, who provided land use counsel.