Foreigners Buying Property in New York: Step-by-Step 2025 Guide

January 1, 2025  |   By: Max Dilendorf, Esq.

This page is designed to help non-U.S. buyers navigate the legal and tax complexities of purchasing real estate in New York: whether it’s a condominium, townhouse, or commercial property—while avoiding the most common and costly pitfalls.

We address critical issues such as U.S. estate tax, FIRPTA withholding, gift tax exposure, and New York City taxation—providing practical guidance on how to structure your investment strategically, efficiently, and in full compliance with applicable laws.

The videos below walk through each topic step-by-step to help you make informed, tax-efficient decisions.

  1. Avoid Costly Mistakes: Foreign Buyer’s Guide to Manhattan Real Estate

In this video, attorney Max Dilendorf introduces the biggest mistakes foreign buyers make when investing in Manhattan real estate—from poor tax planning to using inefficient ownership structures. Learn why proper planning before sending funds to the U.S. is essential to protect your investment and avoid unnecessary taxes.

  1. How to Structure Your NYC Real Estate Investment as a Foreign Buyer

What’s the best way for a foreign investor to own real estate in New York? In this video, Max Dilendorf explains how to create a tax-efficient, legally sound ownership structure based on your goals, tax residency, and family circumstances—while avoiding costly mistakes like holding property through a U.S. LLC or in your own name.

  1. FIRPTA and New York Real Estate: What Foreign Sellers Need to Know

FIRPTA can result in a 15% federal withholding on the entire sale price of your U.S. property—plus additional state taxes. In this video, Max Dilendorf breaks down how FIRPTA works, how New York imposes its own 10.9% withholding, and how foreign investors can avoid both with the right advance planning.

  1. How Foreign Buyers Use Trusts to Optimize U.S. Estate Tax on NYC Property

Trusts are one of the most effective tools for foreign investors to protect their U.S. real estate from estate tax exposure. In this video, Max Dilendorf outlines how irrevocable trusts can remove property from your taxable estate, ensure privacy, and provide long-term control—making them ideal for cross-border families and investors holding digital assets.

5. U.S. vs. Offshore Trusts for Foreign Buyers of NYC Real Estate

Should you set up your trust in the U.S. or offshore? In this video, Max Dilendorf compares U.S. domestic trusts (in states like Delaware and Wyoming) with offshore trusts (in jurisdictions like the Cayman Islands or BVI). Learn how to choose the right structure based on your residency, beneficiaries, and long-term planning goals—plus how each trust is managed and how long it takes to set one up.

Ready to Invest in New York Real Estate the Right Way?

Proper planning makes all the difference. Contact Dilendorf Law Firm at 212.457.9797 or at info@dilendorf.com to schedule a consultation and learn how we can help you structure your U.S. real estate investment strategically and securely.

This article is provided for your convenience and does not constitute legal advice. The information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations. Prior results do not guarantee a similar outcome.

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Max (Maksim) Dilendorf, Esq.

General Counsel Specializing in Family Office Services, Real Estate Investments, and Crypto Matters

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