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Brooklyn, NY 11242

Phone: (718) 858-3100

New York Real Estate Resources


Commercial Buildings

One of the most important reasons for working with real estate lawyer is the knowledge, resources and contacts they have. Real Estate lawyers know about market trends, commercial building zones and codes and how they can effect a sale or purchase. When dealing with commercial building it becomes even more important as the price of a mistake can be devastating. For example being familiar with federal laws and tax breaks related to commercial buildings can make a big difference in a sale or purchase.

Contact our New York Real Estate lawyers to get help with commercial building cases

The Energy Policy Act of 2005 Commercial Building Deduction (Public Law 109-58) is a statute which was passed by the United States Congress on July 29, 2005 and signed into law on August 8, 2005 at Sandia National Laboratories in Albuquerque, New Mexico. The Act, described by proponents as an attempt to combat growing energy problems, provides tax incentives and loan guarantees for energy production of various types.

Energy-efficient Commercial building deduction.   This provision allows a tax deduction for energy-efficient commercial buildings that reduce annual energy and power consumption by 50% compared to the American Society of Heating, Refrigerating, and Air Conditioning Engineers (ASHRAE) 2001 standard.  The deduction would equal the cost of energy-efficient property installed during construction, with a maximum deduction of $1.80 per square foot of the building.  Additionally, a partial deduction of 60 cents per square foot would be provided for building subsystems.

These are some situation with commercial buildings that could require a Real Estate Lawyer:

  • Modular buildings
  • Storage buildings
  • Building lease
  • Building plans
  • Buildings rentals

New York City Zoning Districts
The city is divided into three basic zoning districts: residential (R), commercial (C), and manufacturing (M). The three basic districts are further divided into a variety of lower-, medium- and higher-density residential, commercial and manufacturing districts.
See more about New York City Zoning

Contact our New York Real Estate lawyers to get help with commercial building cases.

NEW YORK REAL ESTATE NEWS ARTICLES
 
Midtown Plaza Redevelopment Progress Announced...
ny.us
The officials provided a status update of their progress and explained the process and opportunities...
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Event in Buffalo Regarding Discrimination and Housing...
ny.us
The Bureau engages in community outreach activities to educate the public about civil rights and rep...
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More New York & National Wills Related News >
 



  Real Estate Terms


FAIR MARKET VALUE
-The hypothetical price that a willing buyer and seller will agree upon when they are acting freely, carefully, and with complete knowledge of the situation.

PMI
-Private Mortgage Insurance; privately-owned companies that offer standard and special affordable mortgage insurance programs for qualified borrowers with down payments of less than 20% of a purchase price.

Real Estate Investment Trust REIT
- Mortgage REITs deal in investment and ownership of property mortgages. These REITs loan money for mortgages to owners of real estate, or invest in (purchase) existing mortgages or mortgage backed securities. Their revenues are generated primarily by the interest that they earn on the mortgage loans.

More Real Estate Terms >


Our New York Real Estate Lawyers can help you with real estate contracts and with many of the topics below, contact the New York real estate lawyers now.

REAL ESTATE TOPICS



DID YOU KNOW ?

ALTERNATE DISPUTE RESOLUTION (ADR) can be a real estate legal option

This is A range of different forums and processes which can be utilized to resolve a dispute.

For example arbitration, collaborative problem-solving/consensus-building, negotiation, facilitation, mediation and conciliation.

Acceleration clause is a real estate contract option

A provision in a mortgage, trust deed, promissory note or contract for deed (agreement of sale) that, upon the occurrence of a specified event, gives the lender (payee, obligee or mortgagee) the right to call all sums due and payable in advance of the fixed payment date.

Contact our New York Real Estate Lawyers Today

NY State Published Real Estate Guide

New York State Attorneys Office on Tenant Rights, This is a guide on NY Tenent's Rights published by NY State. Read More >

Additional free copies of "Tenants' Rights Guide" are available from the New York State Attorney General's Office, 120 Broadway, New York, NY 10271 or from any regional office of Attorney General Eliot Spitzer.

 


NY real estate lawyers handle legal cases related to real estate laws for New York, the surrounding states and following areas:

  • New York
  • NYC
  • Brooklyn
  • Bronx
  • Queens
  • Long Island
  • Staten Island
  • NY Metro Areas


 

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