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November 11, 2017   |   By: Max Dilendorf, Esq. and Rika Khurdayan, Esq.

Is it Legal Listing a Townhouse in NYC for Rent on Airbnb?

Owners of New York City townhouses who wish to list their property on Airbnb for short-term rentals must understand and comply with the following laws:

  • The New York State Multiple Dwelling Law (MDL);
  • The New York City Administrative Code’s occupancy and use requirements;
  • The …
November 1, 2017   |   By: Max Dilendorf, Esq. and Rika Khurdayan, Esq.

The Big Apple’s Big Appeal: 6 Reasons Foreigners Should Invest in NYC Real Estate

During the year ended March 2017, foreign investment in U.S. residential real estate increased by 49% to an all-time high of $153 billion. Foreign investors choose to invest in the United …

October 11, 2017   |   By: Max Dilendorf, Esq. and Rika Khurdayan, Esq.

How Foreign Investors Can Use Trusts to Buy U.S. Real Estate

The last decade has seen a surge in foreign buyers purchasing real property in the United States. During the 12 months ended March 2017, foreign buyers purchased a record $153 …

Buying-New-Development-Condo-NYC
October 4, 2017   |   By: Max Dilendorf, Esq. and Rika Khurdayan, Esq.

13 Tips for Buying in a New Condo Development in NYC

For those interested in buying an apartment in Manhattan or one of New York City’s other boroughs, one popular option is to purchase a condominium (“condo”) in one of the City’s many new condo developments. NYC developers annually add several thousand new condo units in Manhattan alone. Buyers are …

October 4, 2017   |   By: Max Dilendorf, Esq. and Rika Khurdayan, Esq.

USA and the New Era of Financial Transparency (CRS/FATCA)

This presentation covers the latest changes in the global exchange of financial information under CRS and FATCA, the role of the United States as the leading offshore destination for foreign clients, the privacy and security protections offered by the U.S. holding structures and the benefits of settling a …

September 13, 2017   |   By: Max Dilendorf, Esq. and Rika Khurdayan, Esq.

Why Canadians Should Avoid LLCs When Buying U.S. Real Estate

In the years following the Great Recession, foreign buyers from around the world began heavily investing in U.S. real estate. For much of that time, the Chinese were the predominant force in international purchases. But since the imposition of capital controls by the Chinese government earlier this year, Canadians …

August 22, 2017   |   By: Max Dilendorf, Esq. and Rika Khurdayan, Esq.

New York is the New Switzerland or Why Foreign Buyers Will Continue Investing in NYC Real Estate

In recent years, foreign capital played a large role in driving sales of New York City real estate. But in the last six months, some market analysts have pointed to local and national changes to suggest that such foreign investments may be drying up.

These analysts argued that the current real estate …

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August 21, 2017   |   By: Max Dilendorf, Esq. and Rika Khurdayan, Esq.

14 Things Every Foreign Buyer of NYC Real Estate Should Know

Recent years have seen an increase in the number of foreign buyers dealing in U.S. real estate, with many focusing their attention on New York properties. The process of buying New York real estate can be a complicated one for foreigners.

This guide summarizes the top 14 things that foreign buyers should …

July 29, 2017   |   By: Max Dilendorf, Esq. and Rika Khurdayan, Esq.

7 Tips for Buying a Townhouse in New York City

When most people consider buying residential property in New York City, their first question is whether they should purchase a unit in a co-operative (co-op) or condominium (condo).

However, many purchasers are more interested in owning one of the many historic townhouses that can still be found throughout …

Foreign-Buyers- NYC-Real-Estate-Tax-Legal-Guide
July 23, 2017   |   By: Max Dilendorf, Esq. and Rika Khurdayan, Esq.

Foreign Investment in New York Real Estate: Tax & Legal Guide

Foreign investments in U.S. real estate, particularly in New York City, have dramatically increased over the past several years and are expected to grow.

The foreign interest in real estate holdings has been driven by various factors, including the U.S. “effectively becoming the biggest tax haven …