How Long Does the NY Attorney General Take to Approve a Condo Offering Plan?
How long the Attorney General has taken to accept the most recent NYC condo offering plans for filing, measured from submission to acceptance on the AG's record, and where the time actually goes.
Short answer: about 7.8 months. Across the 100 most recent NYC condo offering plans that can be timed, accepted since Jan 23, 2023, the average time from submission to "accepted for filing" was 237 days. A quarter of plans cleared in under 5.7 months; a quarter took more than 9.4 months.
These figures update with the site. Each of the plans, with its dates, is listed on the condo offering plan approval times data page.
What "Approval" Means
The AG doesn't approve a condo. It accepts the offering plan for filing under the Martin Act, meaning the disclosure is complete enough to be shown to buyers. Until then, a sponsor can't take a binding contract or a deposit. The clock starts when the plan is submitted and ends on the acceptance date on the AG's record. (More on what the filing contains: what is a condo offering plan.)
Why Only Some Plans Can Be Timed
Once a plan is amended, the AG replaces the submission date on its record with the amendment's, which usually falls after the plan was accepted. So The Condo Book Project captures each plan's original submission date when it first crawls the plan and keeps it, and amended plans stay in the sample. Plans that were already amended before the first crawl can't be timed. These figures use the most recent plans only, since review times years ago say little about today's, and leave out waits of two years or more as likely record errors.
Time to Acceptance by Year
| Year accepted | Average time | Plans |
|---|---|---|
| 2026 (to date) | 7.8 months | 52 |
| 2025 | 8.5 months | 16 |
| 2024 | 7.2 months | 23 |
| 2023 | 7.8 months | 9 |
Samples per year are small, so read the figures as a guide rather than a trend.
What Makes an Offering Plan Slower
- Construction type. Among these plans, the average was 8.2 months for the 60 new buildings and 7.1 months for the 40 rehabs and conversions. New construction plans carry more open items: certificates of occupancy, tax abatement applications, construction budgets.
- Small buildings aren't exempt. 87 of the 100 plans had ten or fewer residential units, with an average of 7.7 months. A small plan gets the same deficiency letters as a large one, and small sponsors often respond more slowly.
- Borough and counsel. Brooklyn had the most plans (88), with an average of 7.6 months. Across all the plans, times ranged from 2.3 months to 19.1 months. See which firms file NYC condo plans in the offering plan attorneys directory.
Where the Time Actually Goes
The AG's first review typically comes back with a deficiency letter. Most of the calendar is spent on the sponsor's side: revising the plan, waiting on the architect's description of property, updating the budget, and re-submitting. Several rounds are common. A plan that answers the first letter completely and quickly can close the gap by months.
What to Plan For
- Budget about 7.8 months from submission to first contract, and allow for the slow quarter: more than 9.4 months.
- Add time if the building isn't topped out, if a tax program application is pending, or if the sponsor hasn't done a plan before.
- Once accepted, the plan must be declared effective within a set period, or the sponsor files an amendment to extend it. See how to find offering plan amendments.
Look Up Any Plan's Timeline
Every plan on The Condo Book Project shows its dates from the AG record. Search a building or a sponsor, browse the newest NYC condo filings, or look a plan up yourself with how to search the NY Attorney General's offering plans.
Common Questions
How long does the NY Attorney General take to accept a condo offering plan?
Across the 100 most recent NYC plans that can be timed, the average was 237 days, about 7.8 months, from submission to acceptance for filing. A quarter took more than 9.4 months.
Can a sponsor sell condo units before the plan is accepted?
No. Until the Attorney General accepts the offering plan for filing, a sponsor can't take a binding contract or a deposit.
Does new construction take longer to approve than a rehab?
Among the most recent plans, new construction had an average of 8.2 months against 7.1 months for rehabs and conversions. New buildings carry more open items, such as certificates of occupancy and tax abatement applications.
Does "accepted for filing" mean the Attorney General approved the building?
No. It means the plan's disclosure is complete enough to be shown to buyers under the Martin Act. It is not an endorsement of the building, the price or the sponsor.
Figures are from the NY Attorney General's offering plan records for the 100 most recent New York City condominium plans with residential units and no amendments, accepted since Jan 23, 2023. Averages reported; updated as of Oct 10, 2026.