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September 3, 2017   |   By: Max Dilendorf, Esq. and Rika Khurdayan, Esq.

Understanding what the DAO did wrong

2017 witnessed explosive growth in the use of token generation events (also known as ICOs, for “initial coin offerings”) to raise capital for startups and other Internet firms. According to the New York Times, more than

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 …

14-Things-Foreign-Buyers-Sellers-Know-About-NYC-Re
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 …

July 10, 2017   |   By: Max Dilendorf, Esq. and Rika Khurdayan, Esq.

NYC Closing Cost Guide: Condos, Coops & Townhouses

NOTES

1. Broker Commissions. When the buyer is represented by a real-estate agent, the 6% commission paid by the seller is split between the seller’s and buyer’s agents.

2. New York City Real Property Transfer Tax. For more information about the Real Property Transfer Tax, see our service page …

Guide-to-Pre-Immigration-U.S.-Tax-Planning
April 18, 2017   |   By: Max Dilendorf, Esq. and Rika Khurdayan, Esq.

Guide to Pre-Immigration U.S. Tax Planning for High-Net-Worth Individuals & Families

A person planning to immigrate to the United States is likely already familiar with the complexities of U.S. immigration law. However, the prospective immigrant may not yet realize that he or she needs to pay attention to, and plan for, yet another complex body of U.S. law: taxes.

The U.S. government …

Foreign-Investment-US-Real-Estate
March 25, 2017   |   By: Max Dilendorf, Esq. and Rika Khurdayan, Esq.

Foreign Investment in U.S. Real Estate: Tax & Legal Guide

Foreign investments in U.S. real estate 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 in the world”, the ever …

February 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 …

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 …
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