Kiritsis & Associates
The purchase of a legal three family house property in New York City could be a quite profitable venture, if one is able to avoid falling into any of the numerous legal pitfalls. As it may be alluded to in the very title of this article, one of the primary questions that may need to be answered by prospective buyers during the due diligence phase of the purchase process, is whether the purported family house is indeed a legally permitted three family house property.
Some frequently asked questions with regards to this topic, include:
How would a prospective buyer plan to finance such a transaction?
Is the underlying property subject to a mortgage?
Are there any title issues with regards to the property?
Is property subject to any zoning restrictions?
Would a Limited Liability Company (LLC) be utilized with regards to transferring the property at issue?
Are there any peripheral legal issues surrounding the overall real estate deal (i.e. immigration, tax, anti-money laundering compliance, bankruptcy, foreclosure, divorce, eminent domain, re-development)?
New York Real Property Law
New York Landlord/Tenant Law
Internal Revenue Code
New York State Property Tax Regulations
NYS and NYC Executive Type Orders and Pronouncements
New York Martin Act
Whether buying, selling or leasing real estate in New York City -- our firm may be able to help you with your legal needs. Feel free to call us for a free consultation at 212 922 0005.
Law Offices of Kiritsis & Associates
Phone # 212 922 0005
Manhattan Office (Main Office):
633 Third Avenue
New York, NY 10017
Brooklyn Office (By Appointment Only):
1023 74th Street
Brooklyn, NY 11228
New Jersey Office:
7309 Ventnor Avenue
Ventnor, NJ 08406
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We hope you would find this website useful with regards to finding potentially relevant information for your legal issue. The Law Offices of Kiritsis & Associates PLLC is a boutique law firm headquartered in Midtown Manhattan, with offices in Manhattan, Brooklyn (NY) and New Jersey. We strive to provide professional legal services for individuals and various business entities. Our clientele ranges from including aspiring entrepreneurs, start ups to established business organizations.
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