Skilled Real Estate Representation In New York
From Contract to Closing, We Get The Deal Done
Buying or selling real estate in New York can be complicated, especially in New York. Even in a simple home or condo purchase, you may face high closing costs, such as transfer taxes, mansion taxes and mortgage recording taxes.
1031 tax deferred transactions often involve large sums of money and strict deadlines. Business loans require deep analysis. At Gabor & Marotta LLC, our experienced real estate attorneys handle the full process. We review and negotiate contracts, address problems that come up during the deal and represent clients in disputes when needed. Our goal is to protect your interests at every step.
The Types Of Real Estate Properties We Work With
We assist clients with both commercial and residential real estate matters across Manhattan, Brooklyn, Staten Island, Westchester, Long Island and throughout New York.
We work with many property types, including:
- One-family and two-family homes
- Condominiums
- Co-ops
- Condops
- Mixed-use properties
- Commercial buildings
- Apartment buildings
- Vacant land purchases
We can also help with valuation issues, purchase terms, mortgage financing, tax rules and other key details. When a good opportunity appears, timing matters. We stay with you from contract to closing and work to keep the deal moving.
Knowledgeable Counsel For Commercial Real Estate Transactions
Commercial deals often have added layers of risk and paperwork. Our attorneys advise buyers, sellers, landlords and commercial tenants on issues such as:
- Commercial leases
- Condominium conversions and real estate development
- Real estate holding companies
- Foreign investor transactions
- 1031 tax-deferred exchanges
- Commercial mortgages
If you are considering purchasing real estate, whether it is your dream home or a hi-rise apartment building, please complete our buyer’s information form to tell us about your needs and begin the process.
If you have a term sheet for a commercial loan, we can help you understand debt income ratios, escrow requirements, “lock box” provisions, single purpose entities and complex loan structures.
Property Management Matters
If you are planning to buy property, you can start by completing our buyer’s information form. This helps us understand your needs and move faster.
Due Diligence To Protect Your Purchase
Before you close, we help you confirm that the property and the deal are sound. This may include reviewing:
- Title and ownership issues
- Pending lawsuits or liens
- Financing terms and lender requirements
- Required disclosures
- Your obligations under the contract
We explain what we find in plain language, so you can make informed choices.
Frequently Asked Questions About New York Real Estate Transactions
In Staten Island and across New York, both residential and commercial real estate transactions involve detailed legal and financial considerations. Below are answers to common questions clients ask when navigating these matters.
How do commercial real estate transactions differ from residential ones?
Commercial real estate transactions are usually more complex because the property is tied to business use, income potential and regulatory compliance. A residential deal typically focuses on title, financing, inspection results and closing logistics. A commercial deal often requires deeper review of leases, tenant obligations, zoning, environmental history, operating expenses, tax exposure and financing terms.
Commercial contracts are also more heavily negotiated. Issues such as due diligence periods, assignment rights, rent rolls, lender approvals, personal guarantees and entity ownership can affect the final terms. If the property has tenants, you may need to review existing leases, security deposits, maintenance obligations and renewal rights before closing.
Do I really need an environmental inspection before buying a commercial property?
Yes, an environmental inspection is often a critical part of buying commercial property. Even if the building looks clean, prior owners or tenants may have used chemicals, fuel, dry-cleaning solvents or other hazardous materials on-site. Environmental problems can lead to major cleanup costs, government enforcement or difficulty selling or refinancing the property later.
A Phase I Environmental Site Assessment is commonly used to identify potential contamination risks. It may include a review of prior uses, government records, nearby properties and site conditions. If concerns appear, further testing may be needed before you decide whether to proceed, renegotiate or walk away.
This step is especially important for properties used as gas stations, auto shops, industrial sites, warehouses, laundromats or manufacturing facilities. Skipping environmental due diligence can leave a buyer responsible for problems that existed long before the purchase.
If I buy a commercial building in Staten Island for my business, am I required to provide customer parking?
It depends on the property’s zoning, location and intended business use. In Staten Island, parking requirements can vary based on the type of business, square footage, occupancy and whether the building already has a lawful use. A retail store, restaurant, medical office or service business may have different parking obligations.
Before buying, you should confirm whether the property’s current parking is legally sufficient for your planned use. A building that worked for one business may not automatically work for another. If your use increases traffic or customer volume, additional approvals may be needed.
In some cases, a property may qualify for an existing-use protection, waiver or variance. Reviewing zoning and parking rules early can help prevent delays, permit issues and unexpected limits on how you operate the business.
Contact Our New York Real Estate Lawyers Today
We help individuals and businesses with residential and commercial real estate matters. To schedule an initial consultation, call 718-390-0555 or visit our contact page.