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New York City Commercial Real Estate Attorney

The New York commercial real estate market is diverse and dynamic, resulting in a landscape that’s competitive and lucrative for investors, businesses, and stakeholders. However, it’s also one that can prove difficult to navigate, especially once New York City’s unique zoning regulations are taken into consideration. A dedicated commercial real estate attorney provides clear, knowledgeable legal guidance to businesses and investors alike. At Holm & O’Hara LLP, our role as your commercial real estate attorney encompasses a multifaceted approach: we draft and review contracts, guide you through due diligence, negotiate on your behalf, and ensure the seamless culmination of sales, safeguarding your investments at every juncture.

Common Issues with Commercial Real Estate Transactions in NYC

Commercial real estate transactions in New York City can encounter a variety of challenges due to the city’s dense landscape, regulatory environment, and competitive market. Some of the most common issues include:

  • Tenant Issues: When purchasing a property with existing tenants, issues such as unresolved disputes, lease inconsistencies, or tenant solvency can arise.
  • Title and Ownership Disputes: Ensuring clear title can be complicated by historical ownership disputes, outstanding liens, or easements that impact property rights.
  • Zoning and Land Use: New York City has complex zoning laws that can affect the use of commercial properties, including restrictions on building sizes, types of businesses that can operate, and changes to property structures.
  • Environmental Regulations: Due diligence often reveals environmental concerns that require remediation—such as asbestos, lead paint, or soil contamination—which can be costly and time-consuming.
  • Building Code Compliance: Older buildings may not meet current building codes, necessitating upgrades or exposing new owners to liability for code violations.
  • Financing Difficulties: Securing financing for commercial properties can be challenging, with lenders requiring extensive documentation and appraisals.
  • Lease Negotiations: Crafting leases that align with both landlord and tenant expectations can be difficult, particularly in a market with high rental rates and aggressive lease terms.
  • Property Valuation Discrepancies: Determining the true value of commercial property in such a dynamic market can lead to disputes during the sale or purchase process.
  • Closing Delays: Transactions can experience delays due to the intricate approval processes required from various city regulatory agencies.
  • Tax Implications: The tax consequences of buying, selling, or developing commercial property in New York City can be significant, requiring careful planning to minimize liabilities.

The Importance of Seeking Guidance from an Experienced Attorney

In a city like New York, where every real estate transaction is subject to a multitude of legal and regulatory hurdles, the guidance of an experienced commercial real estate attorney is invaluable. Whether your matter concerns a commercial lease, or the purchase or sale of commercial property, our legal services extend beyond problem-solving; we offer strategic foresight to navigate potential obstacles and secure your investments.

How Our Real Estate Attorneys Can Help You

At Holm & O’Hara LLP, we serve as strategic partners dedicated to the success of your real estate endeavors, distinguishing ourselves among law firms for our commitment to quality, personalized service. Our attorneys are both accessible and highly experienced, and we are here to assist you with all of your commercial real estate needs.

Buying Commercial Real Estate

The acquisition of commercial real estate in New York City is a significant investment that requires meticulous attention to detail. Our attorneys excel in due diligence, analyzing every aspect of the property from legal compliance to potential liabilities. We ensure that your investment is sound and that the purchase process is seamless.

Selling Commercial Real Estate

When selling commercial property, maximizing return while minimizing risk is paramount. Our real estate lawyers provide comprehensive legal services to cover all aspects of the sale, from the initial listing to the final closing, addressing any complications head-on and ensuring a successful sale. For our clients who wish to use the proceeds of a sale in a like-kind exchange, we have the expertise to keep these complex transactions on course and adhere to the exchange requirements.

Commercial Leasing

Commercial leasing in New York can be a complex endeavor, with each lease holding its own set of challenges and opportunities. Our attorneys are well-versed in negotiating leases that meet the specific needs of our clients, whether they are landlords or tenants, ensuring the most favorable terms.

Refinancing

In an ever-fluctuating financial market, refinancing can be a wise move for commercial property owners. Our legal team is skilled in restructuring financing to align with our clients’ business objectives, handling every step of the refinancing process with acute attention to detail and utmost efficiency.

Consult with a New York City Commercial Real Estate Attorney

At Holm & O’Hara LLP, our attorneys stand ready to provide the sophisticated legal representation needed to navigate the complexities of New York City commercial real estate. From purchases and sales to leases and refinances, we ensure that your commercial transactions are handled with skill and care.

We invite you to contact us today to consult with one of our commercial real estate attorneys.

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Holm & O’Hara LLP’s attorneys have decades of experience representing purchasers, sellers, and borrowers in commercial and residential real estate matters