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New York Syndication

Real Estate Syndication Software for New York GPs

New York presents unique challenges and opportunities for real estate syndicators. The Empire State is home to nearly 20 million residents and one of the world's largest concentrations of high-net-worth individuals. However, New York's securities regulations under the Martin Act are among the most stringent in the nation, with $1,200 Blue Sky filing fees—the highest of any state. New York also does not recognize Series LLCs, requiring operators to form separate entities for each syndication. Despite these hurdles, the depth of the investor base and the scale of opportunities in NYC make New York essential for serious fund managers.

$425,000
Median Home Price
4.8%
Avg Cap Rate
19,677,151
Population
1.5%
YoY Appreciation

New York Syndication Compliance

Series LLC
Use Delaware Series LLC (foreign registration)
Blue Sky Filing
Required within 15 days after first sale
$1200 fee • 4-6 weeks

Key Compliance Points

  • No Series LLC recognition (separate LLCs required)
  • Highest Blue Sky filing fee in the nation ($1,200)
  • Martin Act gives AG broad enforcement powers
  • Processing time 4-6 weeks through AG office
Source: NY Limited Liability Company Law (no Series provision)

New York Real Estate Market for Syndicators

Key metrics for syndication opportunities in New York.

$425,000
Median Home Price
4.8%
Average Cap Rate
1.5%
YoY Appreciation
$1200
Blue Sky Filing Fee

Market Highlights

1

Median home price $425K (state average)

2

Average cap rates 4.8%

3

Year-over-year appreciation 1.5%

4

Exceptional concentration of accredited investors

New York Syndication Compliance Requirements

Essential legal and regulatory information for raising capital in New York.

Series LLC Formation

Not Available

New York does not allow domestic Series LLC formation. Most syndicators use Delaware Series LLCs registered as foreign entities.

Source: NY Limited Liability Company Law (no Series provision)

Blue Sky Filing

Required
Filing Fee
$1200
Processing Time
4-6 weeks
Deadline
15 days after first sale

New York has the highest Blue Sky filing fees in the nation. The Attorney General processes securities filings.

Source: NY General Business Law Article 23-A (Martin Act)

SEC Regional Office

New York Regional Office
Address
100 Pearl Street, Suite 2000, New York, NY 10004
Phone
(212) 336-1100

Major Markets in New York

Explore syndication opportunities in New York's largest metros.

Frequently Asked Questions

Common questions about real estate syndication in New York.

New York charges $1,200 Blue Sky filing fees (vs. $100-$500 elsewhere), doesn't recognize Series LLCs (requiring separate entities per deal), and the Martin Act's strict enforcement creates additional legal costs. However, NYC's investor depth justifies this overhead.

Ready to Scale Your New York Syndication Business?

Join operators who've automated their back office with FundFlow. AI agents handle investor verification, distributions, and compliance while you focus on deals.

Automated accreditation verification
Waterfall distribution calculations
SEC-compliant document generation
Multi-state Blue Sky tracking
New York Real Estate Fund Software | Syndicators | Fund Flow