REAL ESTATE LAW
New York real estate is unique and can be a daunting undertaking. Barry is involved with all aspects of the New York real estate market qualifying him to represent his clients when purchasing, selling or refinancing a cooperative apartment, a condominium or real property. If his client is a seller, Barry can have the contract prepared quickly and efficiently. If his client is a purchaser, Barry is known for his prompt and thorough review of all of the essential documentation (known as "due diligence") necessary for his client to make an informed decision about how to proceed. Barry also advises and assists his clients who are seeking to refinance their present mortgages, especially in the present economy where interest rates are at an all time low.
- Residential Transactions – Including buying, selling, refinancing and leasing cooperative apartments, condominiums, townhouses and homes.
- Commercial Real Estate – Including the buying, selling and leasing of offices and residential apartments depending on his clients needs.
- Joint Ownership Agreements – To establish the rights and obligations of parties who purchase property jointly.
- 1031 Exchanges – Investors sell and buy property of a like kind while deferring tax consequences under section 1031 of the IRS code. It allows the investor to reinvest 100% of the equity from the sale of a property into the purchase of a preferred replacement property without recognizing any tax gain.
- Real Estate Transactions by Non-Traditional Families – Helping non-married couples make informed decisions, including, how to hold title, how the property will pass to loved ones upon death, inheritance rights of the surviving partner and the division of property in the event of a break-up.
- Real Estate Transactions by Married Same-Sex Couples – In July 2011, New York State passed the Marriage Equality Act. There may be contradictions between state and federal laws when purchasing real estate. It is essential for same-sex married couples to be properly advised of their legal rights. Barry is a recognized specialist in this rapidly developing area of law.
With over 24 years of professional experience in real estate law, Barry assists his clients with recommendations and advice about mortgage brokers, realtors, inspection engineers, appraisers and title companies, each of whom plays an integral role in the real estate transaction process. He has the essential skills to make his clients' real estate matters proceed smoothly and at a reasonable cost.