Nadel & Ciarlo, P.C.

New York City Real Estate Law Blog

Real estate transactions give you key insight in New York

Transactions in real estate occur on a daily basis. As someone looking to buy, lease or sell a property, you will be part of a transaction as well. The most important thing to remember about real estate transactions is that they have the potential to impact your financial stability in the future. While it's good to negotiate with potential buyers or sellers, you want to make sure the outcome is something that benefits you.

Something that is good to know is how much you can expect to pay per square foot when you buy in New York. For example, a recent lease taken out on a 6,716-square-foot space worked out to $54.50 per square foot. To purchase property on Broadway Street in Brooklyn, you're looking at spending around $3 million for a 6,900-square-foot facility.

3 tips to make your home more appealing to buyers

If you are getting ready to sell your home, then you should know as much as possible about the home-selling process. When you decide to sell your home, you need to make sure you make the necessary repairs and fix up the house so that it looks good for viewings. Selling a home is very different from buying one.

Although the process is the same, you will be seeing it from a different angle. One good thing to learn about is how to prepare your house for sale. It is necessary to make some changes that will highlight all of the best features of your home. To make your home look appealing, here are three helpful tips.

You can resolve a boundary dispute in a few ways

Boundary disputes are a problem that many people have with their neighbors. The good news is that it's normally fairly easy to determine where a boundary is.

To do so, you'll want to have a property survey. This survey, which is done when you buy a property, should tell you the boundary lines. You'll also want to get an updated boundary line if you plan to put up a fence, so you know you're putting it up on your own land. Sometimes, it's hard to get an updated survey, because the wording of the deed could be confusing. For instance, it might tell you the number of feet the boundary is from a certain part of the land, like a riverbed or dried up stream.

These 3 tips can save you time and money on your first home

Real estate transactions have the potential to be complicated. However, with the right information, you can take steps to protect yourself and your investment. If you're buying your first home, there are a few things you should remember.

From using a trusted realtor to keeping your attorney in on the transaction, these three tips can help you protect yourself and get the most for your money.

Washington Heights apartment tenants claim mistreatment

There are times when landlords and tenants may have disputes. In these cases, it's very important for both sides to be open and honest when they speak with one another. Respect can go a long way when you are in a contracted relationship with one another.

For the most part, landlords do what they can to stop problems that hurt their tenants. Take, for instance, a leak that occurred in a Washington Heights apartment. The leak moved down through several apartments, damaging floors, ceilings and other areas. The tenants let the superintendent and the property management company know about the damage, but they claim that repairs were only superficial.

Investor and landlord at standstill in Shawnee industrial case

An interesting problem for Shawnee Tubing Industries has erupted once again as the new owner and the current landlord, Shawnee Tubing Real Estate, have a dispute over the leasing agreement. STRE believes that the new owner of STI, American Industrial Acquisition Corporation, has not paid rent in five months.

STRE has stated that it is evicting STI from its site located at Wolverine Road, which could threaten the jobs of 175 people working at the facility. The primary issue is that the company and new property owner aren't able to come to an agreement on a fair rent payment. AIAC claims that it is customary for stakeholders on both sides to provide temporary rent relief, so the business has a chance to recover from recent changes. In this case, that has not happened.

New projects add commercial, residential units to New York City

Real estate constantly changes in New York, and that's no different today. An Aug. 7 report discusses some of the major real-estate projects coming to the city, including major hotel developments.

One such real estate transaction is for the Marx Development Group, which will build a 43-story structure with 531 residential units. It is a 213,000-square-foot retail outlet and hotel that will have open locations for retailers and businesses inside.

Understanding rent stabilization and controls in New York City

Rent stabilization is one of the benefits of living in New York City. It's a type of regulation of rental costs where rent-stabilized apartments are set at one rental cost per month for the length of a tenancy. People may pass on the apartment to next-of-kin and others so long as they do so according to New York's laws.

Rent-stabilized apartments are normally inclusive of apartment buildings with six or more apartments that were built between Feb. 1, 1947 and Jan. 1, 1974. Approximately a million of the apartments in New York City are rent-stabilized.

Arbitration and mediation are ways to resolve your disputes

Real-estate disputes are some of the most difficult and frustrating disputes to deal with. Why? The outcome can significantly impact either party's finances and future goals.

The goal for many people is to resolve a real-estate dispute as quickly as possible to stop the draining of funds. For instance, if you own a property and want to sell it, but you can't sell it until the neighbor stops encroaching on your land, then you may end up with a dispute that is preventing you from selling property and making a profit.

Considering arbitration or mediation for real-estate disputes

Real-estate transactions are usually relatively straightforward. However, there are times when transactions don't go as planned. Whether you're a landlord, tenant, buyer or seller, having to work through a contentious transaction is the last thing you want.

The good news for anyone looking to buy, sell or rent a property is that it's possible to get through arguments and disputes without heading to court. In most cases, mediation or arbitration will help you resolve your problems without requiring a trial or lengthy court process.

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