Real Estate

Turkel Forman LLP is extensively involved with the New York real estate market and will provide you with the highest level of support, counsel, and advice to guide you from start to finish with buying, selling, and leasing residential, commercial, and mixed-use property. We have the knowledge and experience to make any of your real estate transactions proceed smoothly from beginning to end, and we also offer more than just expertise in the intricacies of real estate transactions. We take great pride in offering our clients our full attention to every important detail of the transaction.

Part of our service is offering creative solutions to roadblocks in coming to terms in a contract, lease, or joint property agreement (sometimes also referred to as a joint venture). Unlike in litigation, a real estate transaction is one that both parties want to see through to the end because it’s beneficial for everyone. We believe that obstacles to making that happen—whether prior to signing a contract or near the closing—are merely opportunities to develop solutions that work for our clients.

While we are never aggressive for the sake of being aggressive, we are prepared to take a hard stance when it is in our client’s best interest. There are many factors to consider in any of these transactions, and there are many things that can go wrong, but we have the tools and techniques necessary for handling any situation.

You can make your real estate transaction easier by contacting us early in the process. You can benefit from our professional relationships with experienced real estate agents, insurance agents, mortgage bankers and brokers, appraisers, home inspectors and title companies, as well as from our many years of experience and our legal advice.

Residential Real Estate

We will represent you through the purchase, sale and leasing of houses, condominium and cooperative apartments and lofts. Typically, a residential real estate transaction represents a uniquely significant investment for our clients, and we treat it as such. We want our clients to be able to make a fully informed decision about their prospective home, pied-á-terre, or investment property.  To that end, we conduct extensive due diligence. Armed with our due diligence and the knowledge of our clients’ concerns, we are able to negotiate contracts that protect our clients and reflect what they have bargained for.  On the sale side, we not only offer our strength in negotiating a contract that facilitates a smooth transaction, we have the experience to handle the issues and challenges that can and all too often do occur on the way. Whether it is a title issue, prior-owner liens, or clearing violations and open permits, we can provide you with the means to work through these issues quickly and with as little stress as possible. Whatever the case, you can expect that our firm will provide you with the highest level of service.

Commercial Real Estate

Whether you are a small business owner, professional association, or representative of a multi-state or international concern, our firm offers smart, efficient, and cost-effective representation for the purchase, sale, financing, and leasing of offices, stores, restaurants, office buildings and residential apartment buildings of all types and sizes. Our firm can provide the expertise and attention of a large law firm at affordable rates while providing personal service.

Mixed-Use Properties

One of the great features of New York City is our mixed-use buildings and neighborhoods. We understand the nuances and challenges of buying and selling mixed-use properties, and can provide the legal assistance needed to be sure of the orderly transfer of title, commercial tenants, residential tenants, and financing from seller to purchaser.

Tax Deferred Exchanges

If you are selling a commercial or investment residential property and are looking to purchase a new commercial or investment residential property, our firm has years of experience in representing parties taking advantage of IRC §1031 tax-deferred exchanges.  From relinquishing your property to identifying and closing on your replacement property, we can help to ensure that your exchange qualifies for the benefits offered by IRC §1031.

Foreign Investors

We are experienced in assisting foreign investors in investing in real property and businesses in the United States and work closely with immigration lawyers and accountants.

Joint Ownership/Joint Venture Agreements

When our clients want to formalize their ownership of, or interest in real property with another individual or entity, we help them consider all of the aspects of investing in, owning, operating, and eventually selling the property or their interest in the property. Sometimes also called a “joint venture agreement” (particularly when the parties are business entities), our firm’s creative approach to problem solving combined with our pragmatism and experience allows us to craft agreements tailored to the needs and interests of our clients. Whether you need terms covering capital contributions, financing and payments, governance and operation, selling the property (in friendly or not-so-friendly circumstances), or any other particularity of your transaction, we will work with you and the counterparties to ensure that all your bases are covered.