NY's condo transparency bill cleared the Senate 58 to 1. The Assembly sponsor withdrew it.

NY Senate Bill S7541 passed the NY State Senate on June 11, 2025, with 58 votes in favor and one against. The bill would have required every condo and co-op board to hand buyers the most recent engineering reports, inspection records, and open permits at the point of contract signing. Florida had enacted an equivalent requirement six months earlier. Companion bill A8337 sits in the Assembly Housing Committee without a scheduled vote.

What S7541 would have required.

Sponsored by Sen. Siela Bynoe, a Long Island Democrat, S7541 amends the Real Property Law to impose a disclosure obligation at the contract stage of any condo or co-op sale. When a buyer and seller execute a purchase contract, the board of managers or property management company must produce the building's most recent inspection reports, engineering reports, and open permits. The requirement applies to both condominiums and cooperative housing units.

The bill goes beyond the buyer transaction. Boards would also be required to submit those same reports to the relevant municipal agency: the Department of Buildings, the local health department, fire authorities, or code enforcement, depending on the nature of the document. The goal is to give city agencies current structural data on buildings as a matter of routine, not only at conversion or after a specific complaint triggers a request.

The enforcement mechanism is the provision that concentrated industry opposition. A board that failed to comply would face a specific consequence: the Office of the Attorney General would be authorized to void the building's offering plan. The AG's Real Estate Finance Bureau already oversees offering plan submissions for new condos and co-op conversions. This bill would have attached a new penalty tool to the Bureau's existing authority, triggered by board disclosure failures rather than by misrepresentations in the original offering plan itself.

Florida and New Jersey moved first.

S7541's legislative findings cite the June 24, 2021 collapse of Champlain Towers South, a 12-story condominium in Surfside, Florida, as the primary catalyst. Ninety-eight people died. Post-collapse investigations found that the building had structural problems documented in engineering reports that were not legally required to be disclosed to buyers or current residents.

New Jersey was the second state to act, after Florida. Gov. Phil Murphy signed S2760/A4384 on January 8, 2024. The law requires buildings over 15 years old to complete an initial structural inspection within two years, mandates capital reserve studies updated every five years, and directs completed reports to be shared with building owners, residents, and relevant authorities. Florida followed with HB 913, signed June 23, 2025 and effective July 1, 2025, updating milestone inspection requirements for buildings 25 years and older, Structural Integrity Reserve Studies, and a seven-day buyer rescission window (extended from a prior three-day window) with mandatory delivery of the milestone report and SIRS at contract signing. S7541 was introduced on April 22, 2025, while the Florida bill was still in conference. If the Assembly had passed A8337, New York would have been the third state to enact post-Surfside structural transparency legislation.

The table below shows where each jurisdiction stands as of June 2026:

Why the industry opposed the enforcement clause.

S7541 cleared the Senate Rules Committee with 17 ayes, four ayes with reservations, and zero nays. The full Senate vote of 58 to 1 is unusual for housing legislation in Albany. The opposition concentrated in the Assembly, and it concentrated on the AG's power to void an offering plan.

The Council of New York Cooperatives and Condominiums (CNYC) and the Presidents Co-op and Condo Council (PCCC) ran a lobbying effort to keep A8337 from reaching a floor vote. As Habitat Magazine reported in June 2025, the industry's primary concern was the offering-plan-void provision: if a board missed the disclosure deadline, the AG could threaten the legal instrument under which the building's units are sold. For a building with an ongoing offering plan or unsold sponsor units, that threat carries real weight. For an established building where the sponsor is long gone, the offering plan still exists as the governing document for future resales.

Assembly Member Linda Rosenthal, a Manhattan Democrat who sponsored the Assembly companion, withdrew her support before the bill received a floor vote. A8337 was referred to the Housing Committee on June 11, 2025, the same day the Senate passed S7541, and has not been scheduled for a hearing in the 2026 half of the session.

What the 58-1 vote actually reveals.

A near-unanimous Senate vote on a housing disclosure bill is not common. Most of the reform bills in the CCNYC graveyard never reached a chamber floor vote at all; they were held in committee without a recorded vote. S7541 passed 58-1, which means the Senate has a working majority for this category of reform. The blockage is structural, not ideological: one chamber passed; the other did not take up the companion bill before a sponsor withdrew.

A8337 is still technically alive for the 2026 half of the 2025-2026 legislative session. A new Assembly sponsor could advance the bill; the Senate passage on record is sufficient for the bill to proceed if the Assembly acts. Whether the Housing Committee schedules a hearing before the session closes depends in part on whether the industry opposition softens or a new catalyst arrives.

What S7541 would not have fixed.

S7541 is a disclosure bill, not a governance bill. Disclosure is a precondition for governance, not a substitute. Even if A8337 had passed and been signed, the following gaps in NY law would remain unchanged:

• Managing agent licensure. S.71, which would require managing agents to register with the Department of State, has not moved. A board that discloses an unfavorable engineering report can still hire an unlicensed agent to oversee the resulting repairs, with no minimum competency requirement and no state registry of past complaints.
• Post-offering governance enforcement. The AG's Real Estate Finance Bureau reviews offering plans and has authority over the conversion and sale process. It does not have statutory authority to resolve governance disputes in operating condos and co-ops under the Martin Act (GBL Article 23-A) or Real Property Law Article 9-B. An owner who receives an accurate engineering report at purchase and then watches the board ignore the findings has no direct AG enforcement path. The REFB complaint route applies narrowly to offering plan violations, not ongoing governance failures.
• Reserve fund mandates. NY Senate Bill S7600 and Assembly Bill A8945, which would require condos and co-ops to complete 30-year capital reserve studies, are pending without a floor vote. FL HB 913 and NJ S2760 each mandate reserve studies; S7541 would not have added one for New York.

FL HB 913's buyer-facing disclosures sit alongside a separate Florida structure of association enforcement, state-level reserve mandates, and mandatory milestone inspections. S7541 addressed only the disclosure tier. Taken alone, it would have narrowed the gap with Florida and New Jersey without closing it.

Bottom line.

S7541 passed the NY Senate 58 to 1 in June 2025. The Assembly bill's sponsor withdrew before a vote. A8337 remains in the Assembly Housing Committee for the 2026 session. If enacted, the bill would extend to NY buyers the disclosure right that Florida buyers have had since July 1, 2025 and New Jersey buyers have had since January 2024: the right to see the most recent engineering and inspection records for any building they are under contract to buy. What it would not do is require managing agent licensure, mandate reserve studies for existing buildings, or give the AG authority to police ongoing governance disputes. Those require separate bills. As of June 2026, all of them are in committee.

Companion resources: Florida HB 913 vs. NY: what FL enacted after Surfside · Ten reform bills, zero enacted: the NY condo legislative graveyard · S.71: the managing-agent licensure bill · How to write an AG REFB complaint