NY S04108

Adds demolition costs to the list of charges that become liens on real property in New York City, alongside taxes, assessments, sewer rents, and water rents

Caps demolition costs for residential buildings deemed unsafe due to arson at 25% of the owner's total insurance settlement amount

Exempts property owners from the demolition cost cap if the arson was committed by the legal owner or an occupant of the residential property

Prohibits the city from selling tax liens on 1-3 family residential properties for unpaid demolition costs for a period of 10 years

Grants owners of 1-3 family properties with demolition liens for 20 years a 10-year period to cure back taxes or existing liens, with interest fees waived