2006 New York Code - Notification Of Bona Fide Offer To Purchase.

 
    § 26-803 Notification of bona fide offer to purchase. (a) If the owner
  receives  a  bona  fide  offer  to  purchase and intends to consider, or
  respond to such bona fide  offer  to  purchase,  then  notice  shall  be
  provided  by  the  owner  to  a  tenant  association,  or  if  no tenant
  association exists, to  each  tenant,  or  if  applicable,  a  qualified
  entity, and the department, no more than fifteen days from the date that
  such  bona fide offer to purchase is delivered to the owner. Such notice
  shall contain the following information:
    (1) The name and address of the proposed bona fide purchaser; and
    (2) The price and terms and conditions of the offer;
    (b) The owner shall not be required to provide  notice  in  accordance
  with subdivision a of this section if the bona fide purchaser making the
  offer  agrees to maintain the assisted rental housing as affordable. The
  bona fide purchaser shall be required to inform the department as to how
  such bona fide purchaser intends to keep the assisted rental housing  as
  affordable.