Kiritsis & Associates

 

Selling real estate in New York City. Kiritsis Law Group 212 922 0005

Apr 15, 2021

When you decide to sell real estate property in the Big Apple, it may be helpful to be cognizant of the legal and tax ramifications. To optimize the chances of obtaining a better price for your property and/or to minimize the time period where your property sits on the market, you may decide that it is important to retain a team of trusted professionals, in order to assist you with such an endeavor. 

Some frequently asked questions with regards to this topic, include:

How would a prospective buyer plan to finance such a transaction?

Is the underlying property subject to a mortgage?

Are there any title issues with regards to the property?

Is property subject to any zoning restrictions?

Would a Limited Liability Company (LLC) be utilized with regards to transferring the property at issue?

 

Are there any peripheral legal issues surrounding the overall real estate deal (i.e. immigration, tax, anti-money laundering compliance, bankruptcy, foreclosure, divorce, eminent domain, re-development)? 

Paramount importance of property sellers is the prospective buyer’s ability to actually close the deal.

 

Sources:

New York Real Property Law

HSTPA 2019

New York Landlord/Tenant Law

Internal Revenue Code

New York State Property Tax Regulations

NYS and NYC Executive Type Orders and Pronouncements

New York Martin Act

 

Whether buying, selling or leasing real estate in New York City -- our firm may be able to help you with your legal needs. Feel free to call us for a free consultation at 212 922 0005.

Law Offices of Kiritsis & Associates

Phone # 212 922 0005

Manhattan Office (Main Office):

633 Third Avenue

New York, NY 10017

Suite 1306

Brooklyn Office (By Appointment Only):

1023 74th Street

Brooklyn, NY 11228

1st Floor

New Jersey Office:

7309 Ventnor Avenue

Ventnor, NJ 08406

2nd Floor

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We hope you would find this website useful with regards to finding potentially relevant information for your legal issue. The Law Offices of

Kiritsis & Associates PLLC is a boutique law firm headquartered in Midtown Manhattan, with offices in Manhattan, Brooklyn (NY) and New Jersey. We strive to provide professional legal services for individuals and various business entities. Our clientele ranges from including aspiring entrepreneurs, start ups to established business organizations.

We offer flat fee prices for many of the practice areas provided listed throughout our website. For more information on the topic you may be interested, or simply to find out how our law firm can help, you may click at any of our site's links.

 

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Phone# 212-922-0005

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