Real Property Transactions
Food for Thought: 5 Unique Considerations of a Restaurant Lease
Restaurants represent a substantial number of the commercial leases signed in Long Island each year. Actually, between bars, restaurants, cafes, and coffee houses, restaurant leases are one of the growing sectors in commercial leasing throughout Long Island, New York City, and surrounding counties. Yet, these leases are unique in form and substance from those signed…
Read MoreWhat Does It Cost to Hire a Long Island Residential Real Estate Lawyer?
When it comes to commercial property, buyers and sellers are nearly certain to hire a Long Island real estate lawyer to handle the transaction. Without a real property lawyer, parties to a commercial transaction risk significant financial and business consequences. Savvy commercial parties know that inaccurate documents, bad negotiations, lacking due diligence, and issues at…
Read MoreHow Can You Co-Own a Property in New York?
There are many reasons to purchase property in New York with a co-owner. When it comes to residential property, the most common motive for joint ownership is marriage, but this is hardly the only time joint or co-ownership is desired. Friends, family members, and investment partners have all decided to own Long Island property under…
Read MoreRed Flags for Any Long Island Homebuyer
Buying a new home is an exciting time for residents of Long Island. It’s often a new start or a step forward – for some families buying a house is the fruition of a collective and longtime dream. Before signatures are placed on purchase contracts and closing documents, buyers are already discussing possible renovations and…
Read MoreWhat Is Title Insurance & Do You Need It?
As you navigate a commercial or residential real estate transaction for the first time a number of unfamiliar documents, agreements and pieces of paperwork are certain to cross your desk or arrive via email. Often, one part of real property purchases that isn’t fully understood by buyers and sellers in Long Island, particularly in a…
Read MoreIdentifying and Dealing with Covenants, Conditions, and Restrictions in New York
Many residential deeds in the State of New York’s developments and neighborhoods, including properties in Long Island, contain mention of covenants, conditions, and restrictions. Within the deed this reference can be the full text of a real property covenant, but more than likely it is a single sentence similar to, “grantee takes title to the…
Read MoreWhat Is a Mixed-Use Development and What Are the Benefits?
New York City is poised to have a massive new development up and open in 2018. Hudson Yards was first announced years ago and the groundbreaking took place in 2012, but a development of this size takes time. Now, the 960,000 square foot building, located at the corner of 30th Street and 10th Avenue in…
Read More5 Overlooked Clauses of a NY Residential Lease
When people move to Long Island or surrounding areas, there is a good chance that their first “home” will be a rental property. In fact, there is such high demand for rental property in Long Island, that the current vacancy rate is only 4%. What this means is a lot of people are viewing properties,…
Read MoreA Guide for First Time Homebuyers in Long Island
Buying your first home is an exciting adventure. There are open houses, showings, and late night conversations with loved ones over the many options. Then you find the perfect property, and it is a thrill to make an offer. Whether you fall in love with the first home you see or the thirtieth, the home…
Read MoreGive & Take: The Basics of Real Property Easements in Long Island
Dealing with easements, right of ways, restrictive covenants, and other land use issues can be old hat for commercial developers in Long Island. However, residential property purchasers and first time real estate investors are often surprised by these permissions and restrictions. Many times, a buyer isn’t even aware of an easement until the property is…
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