Within the last few years New York City has seen a steady rise of sales of real property holdings by not-for-profit entities, looking to relieve their financial woes. This trend is sure to continue with greater vigor on July 1, 2014, which marks the effective date of the legislative changes implemented under The Non Profit Revitalization Act of 2013. The Act, which was signed into law on December 18, 2013, is intended to not only make New York more business friendly for existing not-for-profit entities, but also to encourage the new not-for-profit entities to operate in the State. The Act reworks New York's not-for-profit statutes, affecting forms of incorporation, conflict of interest policy, whistle blower procedures and regulation of related party transactions, to name a few. This article will focus on the Act's impact on real estate transactions, specifically matters affecting incorporation and the authorization to dispose of a not-for-profit corporation's assets.