How Much Is Grand Larceny In NYC?

When it comes to theft crimes, few charges carry the weight and long-term penalties of grand larceny. In New York, this offense isn’t just about stealing; it’s about the value of what was stolen paired with intent. But what exactly qualifies as grand larceny? How much is grand larceny in NYC? It is important to understand the different degrees of grand larceny, what sets it apart from petty larceny, and what penalties might be associated with this charge.

Understanding Grand Larceny in NYC in 2025

In 2025, grand larceny laws in New York City continue to define this crime by the value and type of property stolen, which is outlined under New York Penal Law Article 155.30. The key differentiating factor that separates grand larceny from lesser theft charges, like petty larceny, is the monetary value involved. If stolen property is worth more than $1,000, the offense is classified as grand larceny, which is a felony, and anything below that amount is petty larceny.

New York categorizes grand larceny into four degrees, with penalties increasing as the stolen amount increases:

• 4th Degree (over $1,000): Class E felony
• 3rd Degree (over $3,000): Class D felony
• 2nd Degree (Over $50,000): Class C felony
• 1st Degree (over $1 million): Class B felony

In NYC, grand larceny cases occur from allegations of credit card fraud, identity theft, car theft, or embezzlement, especially with the increasing sophistication of financial crimes in this digital age. While statistics in 2024 show that grand larceny is down 7% throughout all of the five boroughs (Manhattan, Brooklyn, Queens, Staten Island, and the Bronx) when compared to the previous year, it is still a major issue.

While grand larceny is considered a non-violent felony, a conviction can still lead to serious penalties such as significant prison time, permanent criminal records, and long-term consequences to employment, immigration status, and housing.

Due to the severity of the consequences, it is highly recommended to hire a grand larceny lawyer to help support your case. A New York City grand larceny attorney can help you understand the legal process and protect your rights.

Understanding how local laws are enforced in 2025 is essential, and not only for those facing charges but also for anyone working in retail, finance, or law. The stakes are high, and understanding your rights and the legal thresholds can make a big difference in the outcome of your case.

Hire a Grand Larceny Lawyer for Support: Jonathan Savella, Attorney at Law

Navigating legal issues like a grand larceny accusation or other financial crimes can be overwhelming to handle on your own, which is why it is time to turn to a trusted and experienced attorney like Jonathan Savella. With over a decade of experience, he offers a unique blend of courtroom advocacy, appellate experience, and federal court insight.

He started his career in 2010 and has had a wide spectrum of essential experience in the years since. From a mentorship with a top New York appellate attorney to a clerkship in the U.S. District Court in New Jersey to private practice representing individuals and businesses in complex civil and criminal cases, he is ready to help you with your case.

FAQs

Q: How Much Money Is Grand Larceny in NYC?

A: In New York City, grand larceny is typically classified into four degrees based on the value and type of stolen property. Fourth degree is theft of more than $1,000, third degree is theft worth more than $3,000, second degree is theft worth more than $50,000, and first degree is theft worth more than $1,000,000.

Q: How Long Do You Go to Jail for Grand Larceny in New York?

A: How long you may go to jail for grand larceny in New York will depend on the specific degree of the offense, which is directly tied to the value of the stolen property and other related factors. A repeat offender may face a much longer jail stay than a first-time offender. Another common penalty for grand larceny is restitution, so along with a jail stay, you may be required to repay the stolen amount.

Q: What Is the Maximum Sentence for Grand Larceny?

A: The maximum sentence for grand larceny in New York is first degree, which can result in up to 25 years in prison. There are many factors that can impact sentencing severity, such as prior conviction, whether the crime was violent or non-violent, and the level of impact legal representation may have.

Q: How Much Stolen Money Is Considered a Felony in New York City?

A: In New York City, stealing more than $1,000 is considered a felony, specifically larceny in the fourth degree. If the felony is exactly $1,000, it will be considered a misdemeanor, but if it is even one cent over $1,000, it will be considered a felony in the state.

Q: How Does Grand Larceny Differ From Petty Larceny?

A: In general, the difference between grand larceny and petty larceny is the specific value of the property stolen. Petty larceny is $1,000 or less and considered a misdemeanor, and grand larceny is anything over $1,000 and considered a felony. The penalties differ as well, as petty larceny can only lead to up to a year in jail, whereas serious grand larceny cases can lead to up to 25 years in jail.

Speak To a Trusted New York City Grand Larceny Attorney Today

If you or a loved one is facing grand larceny charges in New York City, don’t face the legal system alone. The consequences of a felony conviction can be life-altering, but an experienced grand larceny attorney can make all the difference.

Jonathan Savella understands the complexities of theft-related crimes and can be there to fight to protect your rights. From early investigation to courtroom defense, he can confidently advocate for you and will be there to safeguard your rights. Reach out today to schedule an initial consultation with the Law Office of Jonathan Savella and receive the legal support you need and deserve.