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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, […]

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 […]

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!

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 […]

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 […]

We were so pleased to see clients of our firm featured in the New York Times—they are wonderful people with a wonderful story. As first-time home buyers in their late fifties, Mr. Inzana and Ms. DeMichele were not typical purchasers. As the article describes, their later-in-life search began suddenly, after they were told that they […]