Elad michael,

Real Estate Lawyer

NYC Real Estate Attorney Articles and Updates

Stay informed about New York City real estate laws, investment opportunities, and legal strategies with articles written by Elad Michael, NYC real estate attorney.

Co-op vs. Condo in NYC: Legal Differences and 2025 Trends Explained by an NYC Condo Lawyer

2025-05-26 22:00 Co-op vs. Condo in NYC: Legal Differences and 2025 Trends Explained by an NYC Condo Lawyer Navigating New York City real estate in 2025 takes more than just a keen eye for listings. It requires a firm understanding of the legal and financial distinctions between co-ops and condominiums. Whether you're a first-time buyer, investor, or seller, knowing these differences is crucial. 1. Legal Ownership: Co-op Shares vs. Condo Deed In a co-op, you're buying shares in a corporation that owns the entire building. These shares grant you a proprietary lease to occupy a specific unit. In a...

Condo vs. Townhouse in NYC: What’s the Difference for Homebuyers?

2025-05-25 15:15 Condo vs. Townhouse in NYC: What’s the Difference for Homebuyers? If you're considering buying property in New York City, you’ve likely encountered two common types of residential real estate: condominiums (condos) and townhouses. While both offer attractive benefits, understanding the legal and financial differences is essential—especially in a competitive market like NYC. As a real estate attorney in NYC, I often help buyers navigate the nuances of condo and townhouse ownership. Here’s a breakdown to help you make an informed decision. What Is a Condo in NYC? A condo is...

Raising Capital For Real Estate Deals: Understanding Securities Laws And The Role Of PPMs

2025-05-13 22:29 Raising Capital for Real Estate Deals: Understanding Securities Laws and the Role of PPMs Raising capital is the lifeblood of most real estate investment deals—especially in high-cost markets like New York City. But if you're bringing in money from friends, family, accredited investors, or even the public, you're likely dealing with securities—and that means you must comply with securities laws. Whether you're syndicating your first multifamily deal, structuring a TIC (tenancy in common), or launching a Reg A offering to scale your capital base, understanding the legal ...

Understanding the Residential Real Estate Closing Process in NYC

2025-04-28 22:43 Understanding the Residential Real Estate Closing Process in NYC Purchasing or selling a home in New York City is a major financial event—and the legal process can feel complex and fast-paced. Whether you're a first-time homebuyer or a seasoned investor, understanding the residential real estate closing process in NYC is essential for a smooth transaction. Here’s a breakdown of what to expect from the accepted offer to closing day. 1. Offer Accepted — But the Deal Isn’t Final Yet In New York, once an offer is accepted, the property is taken off the market. However, this is just the b...

5 Legal Tips for Israeli Investors Buying Property in New York City

2025-04-28 22:00 5 Legal Tips for Israeli Investors Buying Property in New York City Investing in New York City real estate can be a smart move for Israeli investors — but navigating the legal landscape is very different from buying property in Israel. To ensure a smooth and successful transaction, here are five essential legal tips every Israeli investor should follow: 1. Hire a Real Estate Attorney Early In New York, attorneys play a central role in real estate transactions — much more so than in Israel. Your attorney will handle contract negotiation, due diligence, and the closing process. Tip: Ch...

New York Security Deposit Law: What Landlords And Tenants Must Know

2025-04-17 21:28 New York Security Deposit Law: What Landlords and Tenants Must Know Article 7 of New York State’s General Obligations Law (“GOL”) governs the treatment of security deposits in rental properties. For free-market rental units in New York, the most relevant sections are GOL § 7-103 and GOL § 7-108. These laws are designed to protect tenants and ensure proper handling of their deposits.

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