NY A09744

Establishes a five-year moratorium prohibiting foreign entities from purchasing residential real property (one-to four-family homes, condominiums, or cooperative units) in New York state, with an exception for purchases intended as a primary residence.

Requires sellers of residential real property to verify that purchasers are not foreign entities prior to executing any conveyance.

Defines "foreign entity" as individuals who are not U.S. citizens or corporations, trusts, associations, and partnerships organized outside U.S. laws, including their successors and assigns.

Directs the Department of State and New York City Department of City Planning to conduct a study in 2027 analyzing housing data (foreclosure rates, evictions, tax rolls, housing market indices) from 2010 through the moratorium's effective date to assess resident retention and housing market stability.

Requires a report on study findings to be submitted to the governor, assembly speaker, and senate president within one year of study completion; the moratorium automatically repeals five years after the act becomes law.