Call us for consultation
212.457.9797
CALL TODAYEMAIL US

REAL ESTATE TRANSACTIONS + CRYPTO

Novel market provides unique opportunities for foreign and U.S. persons to invest into real estate using major cryptocurrencies, such as Bitcoin (BTC) and Bitcoin Cash (BCH). Real estate transactions in crypto may be advantageous to both buyers and sellers. Dilendorf & Khurdayan guides clients through the whole process of buying or selling commercial and residential real estate in New York using cryptocurrencies.

ATTORNEYS' EXPERIENCE

Consulted a non-U.S. resident investor regarding the process of purchasing $5.25M package of condominium units in New York using bitcoins

Advised a group of cryptocurrency miners regarding the process of purchasing a commercial condominium condo in Manhattan using bitcoins and ethereum

Consulted another law firm regarding the process of completing KYC/AML checks required in a cryptocurrency real estate transaction involving non-U.S. purchaser

Cryptocurrency payment option provides large holders of crypto assets with access to prime residential and commercial real estate in the U.S. and New York City in particular. At the same time, with proper structuring, sellers will experience a minimal difference, if any, from a traditional real estate transaction.

Dilendorf & Khurdayan assists clients with properly structuring real estate transactions involving digital assets and cryptocurrencies, including currency conversion into fiat and necessary escrow services.

Dilendorf & Khurdayan guides clients through legal and practical issues of crypto real estate transactions.We represent buyers and sellers of real estate using cryptocurrencies from cryptocurrency due diliegence to negotiations to closing, including:

  • Conducting necessary due diligence, including KYC/AML checks on the buyer and the buyer’s digital wallet;
  • Negotiating, drafting and reviewing purchase offers and contracts of purchase;
  • Guiding clients through FinCen’s GTO reporting requirements that apply to real estate transactions involving non-U.S. residents;
  • Advising clients regarding the process of converting cryptocurrency into fiat (US dollars) using licensed third-party service providers;
  • Assiting with escrow services;
  • Guiding clients through federal and state withholding requirements, in case a transaction involves a non-U.S. resident seller;
  • Conducting title searches and examinations, and resolving any title problems;
  • Structuring real estate transactions to minimize tax exposure for domestic and foreign clients, including using 1031-exchanges;
  • Selecting and forming tax-efficient real estate holding entities for domestic and foreign clients, including business entities and trusts;
  • Assisting clients in conducting due-diligence review of commercial real estate properties and projects;
  • Closing services.

For a consultation about purchasing or selling real estate using cryptocurrencies

please contact Dilendorf & Khurdayan by email or calling us at 212.457.9797

REQUEST CONSULTATION