Another Client of Weidenbaum & Harari Profiled in New York Times
We would like to congratulate one of our clients, Mortar Architecture + Development, on their recent profile in the New York Times Real Estate Section. The article tells the story the firm’s condominium at 324 East Fourth Street, a building with a (literally) colorful past.
Weidenbaum & Harari is pleased to represent Mortar in their efforts to populate 324 East Fourth Street with buyers who will appreciate the building’s unique charm.
NYC Real Estate Attorney’s Closing Report: February 2016
Just a few of our recent closings. If you are also looking to buy or sell at these property addresses, you might want to give us a call.
| Property | Value | Transaction |
| 66 Leonard Street, NY, NY | $1,920,000 | CEMA Condo Refinance |
| 435 East 77th Street, NY, NY | $575,000 | Coop Sale |
| 3850 Sedgwick Avenue, BX, NY | $186,000 | Coop Purchase |
| 252 7th Avenue, NY, NY | $1,850,000 | CEMA Condo Refinance |
| 77 Bleecker Street, NY, NY | $510,000 | Coop Sale |
| 49 West 96th Street, NY, NY | $679,000 | Coop Purchase |
| 290 West Street, NY, NY | $5,625,000 | Condo Purchase |
| 156 Sackett Street, BK, NY | $780,000 | Condo Purchase |
| 49 West 12th Street, NY, NY | $1,200,000 | Coop Purchase |
| 24 Fifth Avenue, NY, NY | $365,000 | Coop Purchase |
Upcoming Changes for Land Use Surveys
Beginning February 23, certain changes went into effect concerning the ALTA/ASCM survey, which lenders may require in some circumstances from borrowers pursuing a mortgage. The biggest change is that the name of the survey itself will be different: since the ACSM (American Congress of Surveying and Mapping) is now the National Society of Professional Surveyors, it will now be known as the ALTA/NSPS survey.
Please see the websites for ALTA and NSPS for further information.
Welcome to Our New Interns!
Weidenbaum & Harari would like to recognize our new extern and interns for this term. Melanie DeFiore and Simon Hannanian are both joining us from the Benjamin N. Cardozo School of Law, while Shelbey Tamayo will be joining us for a second term from Brooklyn Law School. We are excited to work with them this term, and look forward to helping them advance their knowledge of Real Estate Legal Practice!
New Streetcar May Link Brooklyn and Queens
According to this article from the New York Times, NYC Mayor Bill de Blasio may unveil plans for a new streetcar system linking Brooklyn to Queens. Though any such project would be unlikely to begin construction until 2019, its impact on the two growing boroughs—and the future of New York Real Estate—could be immense!
NYC Real Estate Attorney’s Closing Report: January 2016
Just a few of our recent closings. If you are also looking to buy or sell at these property addresses, you might want to give us a call.
| Property | Value | Transaction |
| 450 West 17th Street, NY, NY | $2,265,000 | Condo Purchase |
| 140 East 83rd Street, NY, NY | $475,000 | Coop Purchase |
| 121 East 88th Street, NY, NY | $389,000 | Coop Purchase |
| 208 Java Street, BK, NY | $839,000 | Condo Purchase |
| 89-24 118 Street, Richmond Hill, NY | $475,000 | Home Purchase |
| 155 West 68th Street, NY, NY | $1,370,000 | Condo Sale |
| 200 East 94th Street, NY, NY | $1,520,000 | Condo Purchase |
| 42-22 Ketcham Street, QN, NY | $396,000 | Coop Purchase |
| 175 East 62nd Street, NY, NY | $1,653, 236 | Coop Purchase |
| 212 Warren Street | $2,925,000 | Condo Purchase |
One Expensive Island! NYC Total Property Value Tops $1 Trillion
According to a recent report from the New York City Department of Finance, the total property value for New York City in the 2017 fiscal year has risen above a trillion dollars for the first time, to a massive final figure of 1.072 trillion. The growth, fueled by a surging Manhattan market and increased construction in Brooklyn and Queens, means more opportunities for buyers and sellers to jump into the real estate market.
For more information, please see news coverage from both Politico New York and CNBC.
Barry Weidenbaum & Jack Harari Named in Investopedia’s Five Best Real Estate Lawyers in Manhattan
Investopedia recently released their list of the five best Real Estate lawyers in Manhattan, and Barry Weidenbaum and Jack Harari made the top of the list. The article cites their long service and breadth of expertise in the industry, as well as their pursuit of mutually beneficial solutions over litigation in commercial property disputes.
We’re honored to have been included in this list and appreciate the positive feedback we are receiving within the industry.
NYC Real Estate Attorney’s Closing Report: December 2015
Just a few of our recent closings…If you are also looking to buy or sell at these property addresses, you might want to give us a call.
| Property | Value | Transaction |
| 2025 Broadway, NY, NY | $645,000 | Coop Sale |
| 187 Edgecomb Avenue, NY, NY | $938,000 | CEMA Home Refinance |
| 261 West 112th Street, NY, NY | $820,000 | Condo Purchase |
| 120 Bennett Avenue, NY, NY | $425,000 | Coop Sale |
| 1000 Park Avenue, NY, NY | $4,350,000 | Coop Sale |
| 330 South Third Street, BK, NY | $296,000 | Home Purchase |
| 56 Crosby Street, NY, NY | $7,950,000 | Condo Purchase |
| 160 East 65th Street, NY, NY | $1,165,000 | Coop Sale |
| 100 Riverside Boulevard, NY, NY | $2,490,000 | Condo Sale |
| 70 LaSalle Street, NY, NY | $635,000 | Coop Purchase |
Upcoming changes in FIRPTA Withholding
Today’s the day! Beginning February 16, 2016, certain provisions in 2015’s Protecting Americans from Tax Hikes Act (PATH), will go into effect. Among other things, this modifies the withholding rate imposed under the Foreign Investment in Real Property Tax Act (FIRPTA). The withholding rate is now increased from 10% to 15% in most dispositions after this date, while the old rate remains in only limited circumstances. For more detailed information, we recommend speaking with a qualified expert familiar with how FIRPTA will apply in your particular circumstances.