Commercial Real Estate Lawyer in New York City

A commercial real estate lawyer in New York City provides expertise in handling sales and purchase agreements between buyers and sellers, navigating landlord/tenant relationships, litigating real estate disputes, and assisting in the development of real estate.

Commercial real estate, whether leasing, purchasing, or developing, is a major investment, can cost more in New York than in other parts of the country. For this reason, it is important to bring in a lawyer at the beginning of the process in order to avoid mistakes and save more in the long term.

If you are looking for a commercial real estate lawyer in New York City, we at the Law Offices of Albert Goodwin are here for you. We can be reached at 212-233-1233.

Law Offices of Albert Goodwin, PLLC
31 W 34 Str, Suite 7058
New York, NY 10001

Call

(212) 233-1233 Email Us

Sales and Purchase Agreements

Experience in Representing Buyers and Sellers

A commercial real estate lawyer in New York City should have experience in representing both buyers and sellers.

For buyers, although prices are normally fixed or negotiated between the seller's and buyer's agents, a lawyer can investigate whether the prices and other charges are justified. For example, if the unit is listed as a four-bedroom, but one of the bedrooms does not comply with the legal requirements (i.e., no window), the buyer can negotiate a price cut. The commercial real estate lawyer can also assist the buyer who is still interested in purchasing a property with structural issues, with an annotated lien on the title, or located in a flood or tornado zone.

If the buyer seeks to purchase real estate property with one or more persons, the commercial real estate lawyer in can draft joint tenancy or tenancy in common agreements to outline the relationship among co-owners in order to prevent potential disputes. Other typical services of a commercial real estate lawyer in New York City are the review and negotiation of the contract of sale, review of underlying leases, preparation of lawyer opinion letter for the lender, explanation of the real estate contract and mortgage commitment to the buyer, reviewing offering plans, meeting minutes, and financial statements for the purchase of condos and co-ops, title examinations (title and lien searches), computing tax liabilities and verifying whether there are unpaid real estate taxes or liens, to name a few.

A commercial real estate lawyer in New York City can also help resolve issues of sellers facing unique circumstances such as uncancelled liens, selling properties with an existing lease, or selling one's interest in a property co-owned with others. Other services for sellers involve assistance in cases of the buyer's breach of contract, such as failure to have adequate funds for the contract deposit, failure to tender the balance of the purchase price, failure to participate in good faith with pre-closing contingencies, or willful default under the contract.

In a purchase and sale agreement, a commercial real estate lawyer will know, based on experience and standard practice, what's reasonable to ask for, what's reasonable to insist upon, and what's not open for negotiation, for the benefit of his client.

Landlord/Tenant Disputes

Representing Lessees

A commercial real estate lawyer in New York City should explain to the lessee the provisions of the lease contract, especially when it's long and written in legal jargon. These include provisions on good guy guarantees, real estate tax escalation, and sublet and assignment clauses.

When representing the lessee, the lawyer should negotiate for the most flexible good guy guaranty in order to protect his client's assets. Good guy guarantees require owners of limited liability companies who don't have a long financial track record to be personally liable for rental payments and other obligations.

When needed, the commercial real estate lawyer in New York City should be ready to file a "Yellowstone" injunction, which allows a commercial tenant to enjoin the landlord from evicting him for an alleged breach of the lease.

Representing Landlords

When representing landlords, the commercial real estate lawyer in New York City should structure leases, taking into consideration the landlord's objective of getting a rent-paying tenant without an extensive negotiation of contracts.

The lawyer will assist in cases of lessee's nonpayment, holdover beyond the period of the lease, and breaches of lease involving a wide variety of claims.

With the cooperatives and condominiums, the commercial real estate lawyer can also protect the landlord's rights in case of faulty construction and misrepresentations in offering plans.

Real Estate Dispute Litigation

Litigation, Arbitration, and Administrative Hearings

The commercial real estate lawyer in New York City may also represent his client in real estate dispute litigation, arbitration, and administrative hearings.

Common types of real estate litigation include the enforcement of purchase agreements, non-disclosure of defects, actions to quiet title, easement disputes, disputes with real estate agents and brokers, foreclosures, mechanic's liens, and commercial lease disputes.

Depending on which side he is on, the commercial real estate lawyer should be well-versed in the different causes of action, its elements, and the defenses available.

Currently, there is a move towards arbitration and mediation, and the skilled lawyer represents his client in order to achieve a win-win solution for everyone and avoid protracted litigation.

Development of Real Estate

Advising Developers

The commercial real estate lawyer should be able to advise developers of mixed-use, residential, and commercial developments on the basics of getting a development project entitled, permitted, financed, and built.

This includes a variety of topics such as operating, shareholder, and partnership agreements, LLC formation for real estate development, preparation of documents for mortgage-based lending, financial arrangements for raising capital, zoning, land use, and municipal matters, economic development incentives, tax-related matters including tax benefit programs, and construction issues.

If you are looking for a commercial real estate lawyer in New York City, we at the Law Offices of Albert Goodwin are here for you. We can be reached at 212-233-1233.

Client Reviews

Verified feedback from our clients

Mr. Goodwin is everything you want in an attorney: professional, honest, thorough, and genuinely caring. He always explains things clearly, so I understood exactly what was happening and what to expect next. His attention to detail and persistence really stood out. Looking back, I feel lucky to have found him. He guided me through the whole process expertly, and I deeply appreciate all his hard work. Would definitely recommend him to anyone needing legal help.

Thanks to Mr. Albert Goodwin's hard work and smart thinking, I finally won my case, which has been a long time coming. He figured out solutions that no one else could see. I'm really impressed by his strong ethics - something that's rare these days. As my lawyer, he went above and beyond what I expected. I'm so grateful I found him and would definitely recommend him to anyone needing legal help.

From our first meeting, I knew I was in great hands with Albert and his associate Katrina. They handled my case with incredible skill and efficiency, even though they took it over from another firm. What impressed me most was how quickly Albert responded to my questions with honest, clear answers - no sugarcoating, just straight talk. They managed a huge workload under tight deadlines, and their fees were very reasonable for such high-quality work. Beyond his legal expertise, Albert's wit and personality made a difficult process much easier to handle. I'm deeply grateful for their hard work and would absolutely choose them again. If you need legal help in New York, you won't find better representation than Albert's firm.

Submit a Law Firm Review