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New York Commercial Real Estate Attorney

The New York City metropolitan area comprises a huge local economy, one of the biggest in the country, and a tremendous amount of business happens every day in its boroughs. The New York commercial property market offers a great deal of potential to business owners and property investors alike. New York City is home to thousands of commercial properties, many with a great deal of history behind them. It’s possible to find commercial real estate specially zoned for specific purposes, from classic storefronts to large commercial complexes.

Legal Representation for New York Commercial Real Estate Transactions

If you are interested in entering the New York commercial real estate market as a property investor or business owner, it’s essential to have guidance and support from professionals you can trust throughout every stage of your transaction. While your real estate agent can provide valuable insights, they may have professional, ethical obligations preventing them from giving you all the information you require to make an entirely informed decision. The commercial property market in NYC is also highly volatile, and the sheer number of properties in such a small geographic area makes commercial real estate investors targets for fraud.

Whether you intend to purchase commercial real estate in New York or you plan on selling a commercial property you already own, an experienced New York real estate attorney is an invaluable asset for these complex transactions. The Avenue Law Firm is a team of experienced NYC real estate lawyers ready to provide the comprehensive guidance and legal support you need to complete your commercial property transaction with peace of mind.

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Avenue Law Firm’s team of experienced legal professionals is with you every step of the way. We have dedicated our practice to helping our clients receive the best legal representation every step of the way. If you need legal assistance with real estate law, personal injury law, and business law in New York, contact us to today.

Common Problems in NYC Commercial Real Estate

One of the biggest hurdles facing both buyers and sellers in the New York City commercial real estate market is the sheer volume of the market. New York City, one of the planet’s busiest metropolitan areas, offers countless commercial properties zoned for many different purposes throughout its boroughs. Finding the right property can be difficult enough, but finding one with a reputable seller behind it can be even more challenging. Unfortunately, real estate scams are common, and it’s also possible for one party involved in a commercial real estate purchase to obfuscate details that lead to future complications for the other party.

You can avoid these risks and increase your chances of securing a favorable result for your commercial property transaction with the help of an attorney. Whether you are familiar with NYC or a newcomer to the area, you must have local legal counsel you can trust as you enter the complex, exciting and potentially precarious commercial property market here.

What Does a New York Commercial Real Estate Attorney Do?

You may wonder why you can’t handle a commercial real estate transaction without legal counsel in NYC. Technically, hiring legal counsel isn’t a strict requirement, but it is an investment that can pay off tremendously by securing a favorable outcome for your transaction. Commercial property purchases and sales involve a wide range of complex variables. Your real estate agent can assist you in addressing some of these problems, but there are limits on how much you can expect from even the best real estate agents in New York.

Hiring a real estate lawyer means you will be fully prepared to address any unexpected legal problems concerning the property you wish to buy or sell in New York. The sooner you secure legal counsel to assist you, the longer your attorney will have to compile the information you will need to evaluate before making any major decisions regarding commercial property.

You can look to your New York commercial real estate attorney for:

Extensive property research. Your attorney can assist you in accurately and comprehensively researching a commercial property. The records you uncover can establish the ownership records of the property and potentially highlight any legal issues that could interfere with your transaction or goals for the property.
Lien identification. It’s vital to ensure there are no liens attached to a commercial property before you purchase it. Your New York commercial property attorney can assist with extensive lien research to ensure there are no unexpected legal problems with the property you’re looking at.
Zoning issues. If you intend to purchase commercial real estate in NYC and plan to use the property for a specific type of business, you must ensure that it is appropriately zoned for your intended uses. An experienced lawyer can not only help you obtain complete zoning records for the commercial property in question, but they can also assist you in filing new zoning applications if you plan on modifying a commercial property.
Contract drafting and review. The real estate world revolves around contracts. Your transaction may require you to present a contract to another party or sign a contract drafted by another party. Your commercial real estate attorney can help you create a new, legally binding commercial real estate transaction contract or review contracts presented by other parties involved in your pending transactions.
Closing and negotiations. Some commercial property transactions leave room for negotiation. Your New York commercial real estate attorney can assist you in making more informed decisions when settling on a price for your purchase or sale. Avenue Law Firm can also assist you with the administrative side of your transaction, such as finalizing and filing contracts and ensuring all procedural requirements for the transaction are met.
Litigation support. If any dispute regarding a commercial property in NYC escalates to a civil claim, your New York commercial property attorney can provide the legal representation you require to navigate your case proceedings efficiently.

An experienced New York commercial real estate lawyer can provide comprehensive legal oversight for your commercial property transaction, uncovering information your real estate agent can’t provide and offering the ability to dive deeper into the details of any commercial property. The Avenue Law Firm has years of experience helping clients navigate NYC’s commercial market, and we can leverage this experience for you.

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Should you hire Avenue Law Firm, you can rest assured that you are getting top rated legal representation every step of the way. We know how important it is to understand your rights and responsibilities in every transaction, and we are here to help. Call us today if you need legal assistance or advice in regards to real estate transactions, personal injury law, or business law.

How Much Does It Cost to Hire a New York Commercial Real Estate Lawyer?

Whether you are buying or selling a commercial property in New York, it’s common to worry about the potential cost of legal counsel when your pending transaction is also likely to pose difficult financial issues. Therefore, making an informed decision regarding the cost of hiring a New York commercial real estate attorney is vital. Most attorneys charge clients an hourly rate, so the longer they spend on a client’s cause, the more it will cost the client.

Always review the details of an attorney’s fee structure before you sign a contract with them for representation. When you hire the Avenue Law Firm, we will provide you with boutique-level VIP treatment. Our team will be readily available to address any concerns or answer any questions that may arise for you throughout your transaction. In addition, we’ll provide a complete breakdown of our billing policy, so there are no surprises regarding the cost of our legal counsel.

Testimonials

Peter is an absolute professional who takes pride in what he does, communicates effectively and promptly, and genuinely cares about his clients. We feel very fortunate to have worked with Petro to close on our apartment in Manhattan. He led us through the process and has even taken the time to answer our questions after deal closing. He provides excellent legal services at a very reasonable price. Highly recommend him and his team.

Marra A

This firm went above and beyond to secure a real estate contract for us. They were so detail oriented and added beneficial clauses that I did not know existed. It really left me feeling a strong sense of security with the contract. I will absolutely be using them again.

George P

Peter Zinkovetsky is my go-to attorney for all my real estate needs! This year we used his law firm for two real estate transactions (NYC and Hamptons) and couldn’t be happier. The entire team is extremely responsive, knowledgeable, and super easy to work with. Look no further!

Igor B.

Excellent service! I had Peter Zinkovetsky for my co-op apartment sale, and the entire process was easy and smooth. He is knowledgeable, helpful, responds immediately and his team is great as well. I highly recommend him!

Dmitry S

The firm worked very hard to secure the terms we needed for our fitness studio. Regardless of the barriers the landlord put in our way they fought him tooth and nail and now we have an incredible fitness facility thanks to their uncompromising service!

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What to Expect From Your New York Commercial Real Estate Attorney

When you choose the Avenue Law Firm to assist you in any commercial real estate transaction in the NYC area, we’ll take the time to review your goals and intentions for the transaction to ensure our legal representation aligns with your vision. In addition, we’ll help you conduct all the background research your transaction entails, and we can vet the other party’s credentials to ensure you are not subjected to any scams.

Our team works with a wide range of outside professionals who can help our clients, such as property inspectors and appraisers. If you have legal questions about the commercial property you intend to purchase or sell, we’ll provide the answers you need to understand the unique aspects of your situation in clearer detail. We also strive to build lasting professional relationships with our clients because we know that it’s common for commercial real estate transactions to generate subsequent legal proceedings in the future. As a result, some clients return to us for representation through multiple transactions. If you need ongoing legal counsel through a series of commercial property transactions and/or related disputes in NYC, you can rely on Avenue Law Firm to provide the legal support you need.

Ultimately, while hiring an attorney is not a strict requirement for a commercial real estate transaction in New York City, the local custom for most real estate transactions is for both parties to be represented by counsel. This offers peace of mind to both the buyer and the seller, and both parties will have access to the legal counsel they need to make more informed decisions about these transactions.

The Avenue Law Firm understands the challenges the commercial real estate market can present to buyers and sellers in NYC. We have years of experience helping our clients navigate the local real estate market with greater confidence in both residential and commercial property transactions. Whether you intend to purchase or sell commercial real estate in New York, we can help. Contact the Avenue Law Firm today to learn more about the legal services we provide for commercial property transactions and schedule your consultation with our team.

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