Residential Real Estate Transactions
Residential real estate transactions in New York City often present complex and unique challenges.
A focal point of the firm’s practice is representing clients in the acquisition and disposition of condominium and cooperative units, new construction developments and existing conversion projects, townhouses, commercial buildings, mixed-use buildings, and office space throughout the New York City market.
The firm handles all aspects of real estate transactions, including conducting due diligence review, preparation and negotiation of contracts of sale, negotiation of loan documents, title clearance, and closings. Our due diligence review includes, but is not limited to, reviewing building financials, board minutes, offering plans, and engaging management companies to independently verify unit-specific conditions and complaints.
The firm has particular focus and experience handling Internal Revenue Code (“I.R.C.”) 1031 exchanges, purchases involving loan consolidation, extension and modification agreements (“CEMAs”), Housing Development Fund Corporation (“HDFC”) transactions, land leases, and we have extensive experience handling transactions involving foreign investors.
Lawyers at Jorges & Bowers, LLP handle real estate transactions for various asset classes, from parking and storage deeds/licenses to luxury townhouses valued in the tens of millions of dollars.
Commercial Real Estate Transactions
Whether you are a small business owner, professional association, or representative of a multi-state or international concern, our firm offers smart, efficient, and cost-effective representation for the purchase, sale, financing, and leasing of offices, stores, restaurants, office buildings and residential apartment buildings of all types and sizes throughout the five boroughs of New York City; Manhattan, Brooklyn, Queens, The Bronx, and Staten Island, as well as Suffolk, and Nassau County on Long Island, and Westchester County. Our firm can provide the expertise and attention of a large law firm, while providing personal service you find at smaller firms.
We are often hired at an early stage in these transactions to negotiate and advise on the Letter of Intent/ Memorandum of Understanding that will form the initial terms the parties have agreed to in concept.
Real Estate Litigation & Disputes
The firm’s focus on litigation and dispute resolution includes, but is not limited to, the following matters:
- Lease disputes
- Boundary line disputes
- Retention of contract deposits
- Specific performance
- Partition actions
- Fraud claims
- Foreclosures
- Landlord/tenant claims
- Mechanics liens
- Brokerage commissions
- Real estate broker liability
- Coop/condo board disputes
- Contractor termination
- Construction contracts
- Construction defects
- Breaches of contracts of sale
- Emotional support animals
Jorges & Bowers, LLP is the go-to law firm for real estate transactions in New York City. We offer legal representation for the purchase, sale, financing and leasing of all types of properties. Our attorneys represent clients in all aspects of real estate transactions, including:
Mixed-Use Properties
One of the great features of New York City is our mixed-use buildings and neighborhoods. We understand the nuances and challenges of buying and selling mixed-use properties, and can provide the legal assistance needed to be sure of the orderly transfer of title, commercial tenants, residential tenants, and financing from seller to purchaser.
Coop/Condo General Counsel
The firm offers general counsel to cooperative and condominium boards in connection with all facets of building management, which includes improving and/or creating building governing documents (i.e. by-laws, house rules), enforcement of unpaid owner association dues, and improving the general operation of building management.
Tenancy / Co-Ownership Agreements
When our clients want to formalize their ownership of, or interest in, real property with another individual or entity, we help them consider all of the aspects of investing in, owning, operating, and eventually selling the property or their interest in the property. Sometimes also called a “joint venture agreement” (particularly when the parties are business entities), our firm’s creative approach to problem solving combined with our pragmatism and experience allows us to craft agreements tailored to the needs and interests of our clients. Whether you need terms covering capital contributions, financing and payments, governance and operation, selling the property (in friendly or not-so-friendly circumstances), or any other particularity of your transaction, we will work with you and the counterparties to ensure that all your bases are covered.
Foreign Investments
We are experienced in assisting foreign clients in investing in real property and businesses in the United States. We know how to spot issues related to foreign investment such as withholding proceeds of the sale pursuant to tax regulations as well as other reoccurring issues such as how to get a Power of Attorney notarized while living outside of the United States. Additionally, we work closely with immigration lawyers and accountants to get our clients the team of support they need for their transactions.
Learn More About Our Real Estate Law Services
Whether it is purchasing, selling or lease negotiations, the attorneys at Jorges & Bowers, LLP are at your side to make the process as stress-free and as understandable as possible. For more information or to schedule a consultation, please contact us online or call us at (212) 768-0088.