News

Informative. Intelligible. Proactive.

We educate our clients about how various aspects of the law can present them with both challenges and opportunities. Here we offer various informational pieces prepared by the firm and links to other items of interest, as well as occasional firm news. Material provided here is for informational purposes only and is not intended to substitute for actual legal advice.

 


A Conversation with Landlord Tenant Attorney Michelle Maratto Itkowitz

New York’s Housing Stability and Tenant Protection Act of 2019 was signed into law on June 14, 2019.  Real estate experts, investors, attorneys and pundits are still trying to make sense of what it means for New York’s rental real estate market.  In this second article on the law’s impact on investors in multifamily properties, […]

READ MORE
Holm & O'Hara LLP New York Attorneys

Investor Perspective:  Multifamily Outlook Under the New Rent Laws

New York’s Housing Stability and Tenant Protection Act of 2019 was signed into law less than a month ago.  Since that time, there has been a flurry of articles covering the specifics of the law, some analysis of how the new law might impact rents differently than the old law and the predictable array of […]

READ MORE
Holm & O'Hara LLP New York Attorneys

It’s Gotten Easier to Fall Off NY’s Estate Tax Cliff—Again

Following federal estate tax reforms that took effect in 2014, New York State also revised its estate tax law so that estates of deceased New York residents worth less than $5 million (adjusted for inflation, currently $5.74 million) are no longer subject to estate tax.  The basic exclusion amount was previously just $1 million.  Rather […]

READ MORE
Holm & O'Hara LLP New York Attorneys

Trusts & Estates Update – Spring 2019

With the onset of the 2018 tax season, the impact of the Tax Cuts and Jobs Act (Pub. L. No. 115-97) (“TCJA”), passed quickly at the end of 2017 is becoming more apparent. One year after the enactment of the new law, its wide-ranging effects on both individuals and companies are coming more clearly into […]

READ MORE
Holm & O'Hara LLP New York Attorneys

Real Estate Alert: New Taxes on High Value NYS Transactions Take Effect July 1, 2019

As part of the FY2020 budget, New York State will seek new revenue from real estate transactions.   The final legislation is expected to yield hundreds of millions of dollars for state coffers and is intended to secure $5B in bonds for the MTA. It will: Increase transfer taxes by 60%, from .4% to .65% Commercial properties sold for $2M […]

READ MORE
Holm & O'Hara LLP New York Attorneys

Multifamily Property Transactions: A View from the Closing Table

On September 1, 2018, Anthony T. Simari, Esq., joined Holm & O’Hara LLP as a partner in our real estate group focusing on multi-family properties.  Anthony is a seasoned professional; in each of the last five years, he has closed transactions for properties collectively valued at more than $200,000,000.  After his first six months with […]

READ MORE
Holm & O'Hara LLP New York Attorneys

Michael L. Landsman to Present a CE Course on Fair Housing

In the field of real estate, few categories have the make or break significance of fair housing laws. Embrace diversity and equal opportunity, and you will build a broad client base with extraordinary potential for repeat business. Disregard or violate the complex fair housing and anti-discrimination rules and you could end up with significant liability, a ruined reputation and […]

READ MORE
Holm & O'Hara LLP New York Attorneys

Naughty and Nice: Tips for Post-Holiday Estate Planning

The holidays are over.  The champagne flutes and decorations are stowed away, and the prospect of spending hours feasting and reminiscing with your nearest and dearest at is again at a safe distance in the future.   The holiday season offers an opportunity to reflect on the people in your life and how you may […]

READ MORE
Holm & O'Hara LLP New York Attorneys

Environmental Site Assessments: Essentials for Real Estate Investors

Buying or selling a commercial or investment property is a process, sometimes an involved one.  One of the more complex—and least understood—aspects of this process is the Phase I Environmental Site Assessment (ESA).  We asked environmental attorney James J. Periconi to explain some of the essentials of Phase I ESAs and why it is often […]

READ MORE
Holm & O'Hara LLP New York Attorneys

Fall Update: What’s Happening in Real Estate

For many people, back to school time is also back to business time.  Certain industries and markets – like real estate – which tend to quiet down in August, start to see new life in September.  Holm & O’Hara LLP’s Fall Real Estate Update covers four topics of interest to those who are likely to buy or […]

READ MORE
Holm & O'Hara LLP New York Attorneys

Top of Page