N.Y. Mult. Resid. Law § 10
Current through 2024 NY Law Chapter 553
If an old or other existing multiple dwelling be damaged by fire or other cause to the extent of two-thirds or more of its value at the time of such damage exclusive of the value of the foundation, such dwelling shall not be repaired or rebuilt except in conformity with the provisions of this chapter relative to new multiple dwellings.
N.Y. Mult. Resid. Law § 10