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The firm handles all aspects of Real Estate, including purchases sales and leases of residential houses, Cooperative apartments, condominiums, multiple unit dwellings, professional offices, commercial and industrial property and vacant land. The Firm is involved with the real estate transactions from their inception. Firm members draft, review and negotiate contracts of sale of both personal residences and commercial real estate. Firm members assist clients in arranging financing when necessary, including both conventional mortgages and other arrangements such as purchase-money mortgages and pension loans. Attorneys always attend and represent clients at real estate closings. The Firm drafts, reviews and negotiates long term and short term commercial, professional and residential leases and subleases. When drafting, analyzing or negotiating a lease for professional space the Firm always takes into consideration an individual?s profession to assist the attorney in determining the appropriate term of a lease as well as whether specific terms and conditions must be included or excluded from said lease due to various governmental proscriptions governing the profession at hand.
For asset protection as well as estate planning purposes, the Firm often transfers a client?s property to a limited partnership owned and operated by his family (?Family Limited Partnership?). The Firm assists the client in obtaining all the required approvals to make said transfers, such as approval from the mortgagee or from a cooperative board.
The Firm structures many real estate investments as partnerships. The Firm prepares both partnership and limited partnership agreements. The Firm always structures real estate transactions in a manner to optimize the positive tax consequences.
Firm members have successfully negotiated dynamic deals, involving multimillion dollar buildings, with lending institutions to remove properties from foreclosure, discharge receivers, dismiss clients from bankruptcy, and/or assign mortgages that were in default.
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DEPARTMENT HEADS JONATHAN S. HOFFMAN jhoffman@heplawfirm.com ext. 205
SCOTT EINIGER seiniger@heplawfirm.com ext. 224
MEMBERS ROBERT EAGAN reagan@heplawfirm.com ext. 210
NEIL MAXWELL nmaxwell@heplawfirm.com ext. 206
ROBERT W. MCSHEA rmcshea@heplawfirm.com ext. 228
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