Real estate development projects are often a huge investment in time and resources, whether those projects include acquiring land, addressing complex environmental or building issues, obtaining financing and investors, and dealing with everyday contract disputes. An experienced attorney is necessary to protect your company’s interests during any development project.
At the law firm of Kishner & Miller our New York condominium conversion attorneys provide extensive experience to condominium owners, business owners, landlords, developers and real estate lenders in all real estate development matters in Manhattan, Brooklyn, Staten Island and Long Island. Successful planning and execution of residential or commercial real estate developments require patience, strength and creative legal solutions.
There may be many complex issues involved in a single New York commercial real estate matter. There are many mitigating factors — including federal and state laws as well as local permits and regulations — that can affect your real estate transaction, so it is best to work with an experienced legal team from the beginning.
Our firm handles matters at all stages of real estate development, including:
- Commercial or residential projects
- Property development
- Land acquisition
- Condominium conversions
- Offering plans
- Zoning and land use
- Environmental concerns
- Drafting deeds and covenants
- Real estate contracts
- Construction contracts
- Financing matters and investments
- Mortgages and construction loans
- Commercial property foreclosures
- Leasing or disposition
The New York State Condominium Conversion Process
We provide full representation and consulting to developers who wish to convert real property to condominium ownership in New York state. We have had recent success with even small condominium projects in Brooklyn. We prepare the offering prospectus with pricing schedule and exhibits, and file everything to approval by the New York Attorney General’s Office. The process can take several months, and the New York State government filing fee is 4/10 of 1 percent of the total offering price ($750 minimum for a total offering price under $250,000, and $30,000 maximum fee for a total offering price of $7.5 million or greater). We handle all aspects of the sale of condominium units after the offering plan is declared effective and a new certificate of occupancy is obtained.
Our attorneys also assist New York landlords and developers with condominium conversions by ensuring that proper protocols are followed and that a planned conversion conforms to all municipal and state statutes and laws. These are not simple matters, and it is important you have competent representation through the myriad issues involved to save you time and money. We align you with the right consultants and tax professionals, and we work with your architects and contractors to make sure that your project is a structured success every time.