New York Real Estate Law Attorneys
In conjunction with our extensive experience in real estate litigation, Newman Ferrara has also garnered accolade with regard to its real estate transactions and finance practices. Commercial real estate deals are among the most complex transactions any business can undertake. The mix of financial, regulatory, and operational issues is unique for each project. Newman Ferrara's real estate transactions group, led by New York attorneys with almost 30 years of experience, handles both commercial and residential real estate transactions, including closings, leasing, sales, acquisitions, and financings.
Our firm represents a broad spectrum of purchasers and sellers of real property, including investment banks, real estate funds, and residential and mixed-use building owners. The scope of our work typically includes preparing and negotiating operating agreements, negotiating and closing acquisition, construction and permanent financing, and structuring transactions from a tax-advantage viewpoint.
We understand that each real estate transaction is unique and focus on finding effective solutions to the requirements or opportunities that our clients face with real estate development.
Closings & Sales
The firm handles all aspects of residential and commercial property transfers and closes thousands of transactions, including purchases, sales, refinances, bank closings, as well as Consolidation Extension Modification Agreements (CEMAS). Our clients range from individuals and first-time buyers of small cooperative or condominium apartments throughout New York City and the downstate area to individuals and corporate clients refinancing, purchasing and selling multi-million dollar residential, commercial, and mixed-use properties.
The department consists of a well-trained team of lawyers and paralegals with extensive background in conducting "due diligence," contract negotiation, title clearance, and closing. The real estate closing department is well known among real estate attorneys and professionals in New York and frequently provides guidance to others in the real estate community.
Leasing
Newman Ferrara has represented both national, regional, and local landlords and tenants in a variety of leasing transactions. We handle all types of leases, including commercial leases, ground leases, net leases, loft leases, and sublease agreements. We have provided legal services in connection with the leasing of millions of square feet of commercial, retail, and industrial space.
Leasing transactions increasingly require us to draw on our legal expertise in a number of practice areas beyond traditional landlord tenant law in order to address issues relating to bankruptcy, construction, environmental liability, taxation, governmental compliance, and finance. We take a proactive approach in developing leases to protect our clients from a later problem or dispute.
Acquisitions & Financing
Our New York real estate lawyers have extensive experience in all aspects of real estate finance. We represent lenders, investors, and borrowers in matters such as straight loans, construction loans, mezzanine loans, acquisitions loans, private equity financing, refinancing, bonds, collateralized mortgage backed securities (CMBS), and non-money loans. The firm is known for developing sophisticated strategies, in addition to effectively using tried-and-true approaches such as multiple-party financing and loan restructuring.
Co-op/Condo Conversion & Representation
The laws controlling cooperative and condominium conversions are complex. Newman Ferrara's attorneys have the expertise to provide all the legal services needed to ensure the success of a conversion. Our NY real estate attorneys assist with negotiating unit sales contracts and brokerage agreements, clearing title, coordinating and conducting closings, and any other legal issues which might arise related to the ownership, conversion and sale of units.
Contact Our New York Real Estate Lawyers
Manhattan’s real estate market is unlike any other, characterized by high property values, dense development, and strict regulatory oversight. Whether you’re a first-time homebuyer, a seasoned investor, or a property manager, the legal nuances can be overwhelming. Our attorneys stay up-to-date on local laws and industry trends to ensure our clients receive the most effective counsel possible.
Contact a New York real estate attorney from Newman Ferrara for superior legal representation.
nEW yORK Real estate faqs
1. Why do I need a real estate lawyer in NY?
New York’s real estate market is complex and highly regulated. A real estate lawyer ensures your interests are protected, whether you’re buying, selling, leasing, or resolving disputes. They review contracts, negotiate terms, and handle legal issues that could otherwise delay or derail transactions.
2. What’s the difference between a co-op and a condo, legally speaking?
In a co-op, you own shares in a corporation that entitles you to occupy a specific unit. In a condo, you own the unit itself along with an undivided interest in common areas. Each has unique legal and financial implications, which we can help you navigate.
3. How can Newman Ferrara LLP help with a landlord-tenant dispute?
We represent both landlords and tenants in disputes over evictions, lease agreements, repairs, rent overcharges, and more. Our goal is to resolve issues efficiently through negotiation, but we are prepared to litigate if necessary.
4. What are my rights as a tenant in a rent-stabilized apartment?
Tenants in rent-stabilized apartments have rights to regulated rent increases, lease renewals, and protections against eviction without cause. We can help you understand and assert these rights.
5. How long does a typical real estate transaction take in NY?
The timeline varies but typically ranges from 30 to 90 days. Factors such as financing, co-op board approval, and title clearance can affect the timeline. Our attorneys work to streamline the process and avoid unnecessary delays.
6. Can Newman Ferrara LLP assist with zoning and land use issues?
Yes, our team is experienced in handling zoning and land use matters, including compliance, variances, and development approvals. We work to ensure your project adheres to all regulations while protecting your interests.