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

Is it Legal Listing a Townhouse for Rent in NYC 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 …
December 22, 2016   |   By: Max Dilendorf, Esq. and Rika Khurdayan, Esq.

1031 Like-Kind Exchanges for Foreign Investors in U.S. Real Estate

There are many reasons why foreign investors look at the United States (and especially large cities like New York) for real estate investment opportunities. A well-developed economy, with liquid and efficient markets, along with a relatively stable real estate market make the United States an excellent place …

December 14, 2016   |   By: Max Dilendorf, Esq. and Rika Khurdayan, Esq.

Maneuvering thru Perils of Buying a Pre-Construction Condo in NYC

If you are interested in buying a home in New York City, a very tempting opportunity that can arise is to purchase a condominium (“condo”) during a pre-construction stage. However, this is rarely a smooth or a sure path. The following are among the many perils that you should consider before purchasing …

December 7, 2016   |   By: Max Dilendorf, Esq. and Rika Khurdayan, Esq.

Top Construction Defects in New Construction Condo Buildings

Purchasing real estate can be one of the most expensive and nerve-wracking experiences anyone can have. The old saying ‘buyer beware’ never rings more true than when buying property, especially in New York City. At the end of the day, developers are concerned about their bottom line, and those in the market …

November 30, 2016   |   By: Max Dilendorf, Esq. and Rika Khurdayan, Esq.

How Foreign Investors Can Reduce or Eliminate FIRPTA Withholding Upon Sale of U.S. Real Estate

For foreign investors, FIRPTA can make a relatively simple transaction a much more complicated affair and tie up funds that could otherwise be quickly reinvested. What many New York real estate professionals and investors don’t know is that FIRPTA can, in many cases, be minimized or avoided altogether.