Call us for consultation
212.457.9797
CALL TODAYEMAIL US

FOREIGN INVESTMENTS IN NYC REAL ESTATE

Summary
Service Type
Real Estate Law NYC
Provider Name
Dilendorf & Khurdayan,
750 Third Avenue,New York,NY-10016,
Telephone No.212.757.9797
Area
NYC, Manhattan, Brooklyn, Queens and Bronx
Description
Assisting foreign clients with buying and selling commercial and residential real estate in NYC, including condos, investment and commercial properties, office and apartment buildings

At Dilendorf & Khurdayan, we represent international clients in connection with commercial and residential real estate transactions in New York. We combine hands-on real estate experience with legal expertise, making us a one-stop shop for real estate clients around the world.

Summary
Service Type
Real Estate Law NYC
Provider Name
Dilendorf & Khurdayan,
750 Third Avenue,New York,NY-10016,
Telephone No.212.757.9797
Area
NYC, Manhattan, Brooklyn, Queens and Bronx
Description
Assisting foreign clients with buying and selling commercial and residential real estate in NYC, including condos, investment and commercial properties, office and apartment buildings

ATTORNEYS' EXPERIENCE

Represented a foreign investor from South Africa in the purchase of $19.7M luxury condominium unit in Midtown, Manhattan.

Represented international private equity fund in structuring their investment in a joint-venture to develop a luxury condominium project in Brooklyn, New York.

Represented a client from Italy in connection with the sale of her condominium unit in the Financial District, New York.

Represented a foreign investor in setting up an irrevocable trust holding structure for purchasing and holding investment real estate in New York for the benefit of the investor’s family.

Represented a foreign client in connection with the purchase of $4M luxury condominium unit in Tribeca, New York.

Assisted a foreign client with obtaining financing for the purchase of $5.75M retail condominium unit in Downtown, Manhattan.

Represented a foreign investor in $7M buy-out of his partner’s interest in a mixed-use building in Midtown, Manhattan.

How We Can Assist Foreign Buyers & Sellers of NYC Real Estate

Our firm has significant experience in developing and implementing tax efficient holding structures for foreign investments in the U.S. real estate that minimize the U.S. tax burden arising from participation in real estate projects.

We represented clients from Switzerland, Italy, Russia, United Arab Emirates, China, Kazakhstan, Ukraine, Latvia and Latin America.

Purchasing U.S. real estate as a non-resident is different in some very important ways from buying property as a citizen or permanent resident.

The rules that apply to such transactions and the processes that must be followed are often more complicated and time consuming. Even basic things like opening a bank account for non-residents require multiple steps and additional documents.

As such, careful planning is crucial at every stage of the real estate transaction to ensure successful execution and compliance with the state and federal laws.

Our real estate law firm guides foreign clients through every aspect of a real estate transaction, including:

  • Forming tax-efficient real estate holding entities for foreign clients
  • Compliance with FIRPTA (Foreign Investment in Real Property Tax Act)
  • Advising clients as to their U.S. and New York State/New York City tax and reporting obligations in connection with purchase and sale of real estate
  • Ensuring compliance with federal, state and municipal tax laws
  • Obtaining U.S. tax identification numbers for purchasing real estate
  • Assisting clients in opening of the U.S. bank accounts
  • Drafting, negotiating and reviewing purchase offers, contracts of purchase and sale, closing documents and deeds
  • Conducting title search and examination, and resolving title problems

Resources for Foreign Sellers & Buyers of NYC Real Estate:

Foreign Investment in New York Real Estate: Tax & Legal Guide
How Foreign Investors Can Reduce or Eliminate FIRPTA Withholding
1031 Like-Kind Exchanges for Foreign Investors in U.S. Real Estate
Withholding of Tax on Dispositions of US Real Property
Tax / Fee Calculator for Foreign Sellers and Buyers of New York City Real Estate
New York Source Income of Nonresident Individuals: Real Estate
New York State Income (Withholding Tax) Tax for Foreign Sellers of New York City Real Estate
Structuring Investment in U.S. Real Estate by Foreign Persons
FinCen Rules Requiring Identification for High-End Cash Buyers of Manhattan Real Estate
Chinese Investment in the U.S. Real Estate: Recent Trends
Foreign Investors Receiving Rental Income from US Real Estate
ITIN Guidance for Foreign Property Buyers/Seller
Rules Governing FIRPTA Withholding
Format of Applications for FIRTPA Withholding Certificate

Summary
Service Type
Real Estate Law NYC
Provider Name
Dilendorf & Khurdayan,
750 Third Avenue,New York,NY-10016,
Telephone No.212.757.9797
Area
NYC, Manhattan, Brooklyn, Queens and Bronx
Description
Assisting foreign clients with buying and selling commercial and residential real estate in NYC, including condos, investment and commercial properties, office and apartment buildings

For a consultation about our real estate services for foreign clients buying or selling NYC real estate

contact Dilendorf & Khurdayan by email or call us at 212.457.9797.

REQUEST FREE CONSULTATION