In New York, commercial properties can include buildings used for offices, retail establishments, industrial facilities and other uses. The sales differ from residential real estate transactions as they involve much more complexity in legal, financial and logistical...
Commercial Real Estate
Understanding a commercial real estate contract
Commercial contracts may be considerably lengthier and more complex than their residential counterparts, and negotiations between the buyer's and seller's representatives may take weeks. Here are a few significant differences between the familiar New York residential...
What type of commercial loans are available?
Purchasing commercial real estate takes a lot of money, usually millions of dollars. Most New York investors need financing to make their purchase possible. Consider these financing option types when seeking a commercial investment loan. Types of common commercial...
Is it possible to sell the business and the property together?
Selling a business can be challenging, especially when commercial real estate is involved. In New York, it's common for a company to own the building or property where it operates. This can complicate the sale of the business as it now involves selling both the...
What do you need to consider when buying commercial real estate?
Commercial real estate law in New York doesn't offer as many protections as residential real estate. Buyers must read leases carefully and negotiate problematic clauses or walk away from the property. Location, space and budget are other factors that play a role in...
Industrial real estate in 2022
The outer-borough industrial real estate market in New York has experienced robust growth through the second quarter of 2022. Industrial real estate is defined as a type of commercial real estate designated for non-public use, unlike retail and grocery stores....
What questions should you ask before signing a commercial lease?
New York provides a variety of prime commercial real estate for those who are interested in starting their own business. However, before you move into these properties, you must sign a commercial lease. You should ask a few questions before you agree to sign a lease...
What is the 45-day rule in 1031 exchanges?
A 1031 exchange of real property is given special treatment under the Internal Revenue Code New York taxpayers have 45 days from the property’s sale date to identify a replacement property. The 45-day window is the identification period, but taxpayers have about 180...
Top elements of a commercial property sale
Selling real estate can be a complex process in New York. Besides the legalities of the sale, you have to consider many potential factors that could affect the sale price and how long it might take to sell. In order to make the process as smooth as possible for all...
Common commercial real estate financing options
The idea of owning commercial property is a dream come true for many people. However, commercial real estate financing is a whole new ball game compared to the residential real estate market in New York. You must be aware of all real estate financing options to make...