Protecting Real Estate Transactions.
Counsel for residential and commercial closings, leases, and disputes.
The Risks in Real Estate Transactions
Real estate transactions represent significant financial investments—especially in New York, where property values and closing costs are among the highest in the nation. Whether purchasing a first home in Queens or negotiating a commercial lease, the process involves complex contracts, title searches, and financing requirements. A small oversight can result in major financial loss.
New York is one of the few states where attorneys are essential to the closing process. We order and review the title report, negotiate the contract, resolve title issues, and oversee the closing from start to finish. In New York City, the distinction between a condominium and a co-op is critical—co-ops require board approval with detailed financial disclosures and an interview, while condos offer fewer transfer restrictions. Commercial transactions add even more complexity with zoning, environmental, and lease-term considerations.
Due Diligence and Execution
Our firm approaches real estate with an emphasis on thorough due diligence. We review title reports carefully to identify and resolve liens, judgments, or other issues before they threaten your transaction. We work with established title insurance companies to ensure clear ownership.
We negotiate contract terms to protect your deposit and your rights—including mortgage, inspection, and appraisal contingencies. We handle preparation and review of the deed, transfer tax returns, and all closing documents. At the closing table, we review every document with you so you understand exactly what you are signing. For investors and developers, we also address tax-deferred exchanges, entity formation, and commercial lease terms.
| Other Firms | The Mahfuz Law Standard |
|---|---|
| Generic communication across multiple barriers. | Direct communication in English and Bengali. |
| Passed between junior associates and paralegals. | Direct attorney access throughout the matter. |
| Unclear timelines and lack of status updates. | Clear documentation of every process step. |
| A reactive approach to agency requests. | Proactive preparation for interviews and hearings. |
Frequently Asked Questions
Unlike many states where title companies handle closings, New York requires substantial attorney involvement. We order and review the title report, negotiate the contract, clear title issues, prepare the deed and transfer tax returns, ensure lender requirements are met, attend the closing, and confirm proper recording of the deed and mortgage.
In a condominium, you own real property—you receive a deed and pay real estate taxes directly. In a cooperative (co-op), you own shares in a corporation that owns the building and receive a proprietary lease. Co-op purchases require board approval, which involves an extensive application, financial disclosure, and an interview. Condos generally close faster and have fewer restrictions on subletting and transfer.
Absolutely. Commercial leases in New York are heavily negotiated and generally favor the landlord. We negotiate terms regarding build-out allowances, maintenance charges, rent escalation, assignment and subletting rights, and personal guaranty limitations.