When the asking price is in the millions, there’s a lot more to a residential real estate deal than simply negotiating the price. Whether new construction or a resale, a condominium or a townhouse, issues can vary from privacy and discretion to insurance and security.
Pryor Cashman’s Real Estate Group is involved in residential purchases, sales, leases and transfers aggregating well over $400 million annually, including many individual transactions in excess of $10 million. Focusing on placing high-profile clients in luxurious residences at exclusive addresses, we are skilled at protecting the identity of our clients and the confidentiality of their transactions.
What We Do
From new construction condos and cooperatives to sprawling estates, our attorneys have represented parties in a wide variety of residential real estate transactions, negotiating contracts for the sales, development, financing, and leasing of condominiums, cooperative apartments, private homes and vacant land. Our attorneys represent leaders in the entertainment industry, international recording artists, famous actors, professional athletes and top fashion designers, finance executives and other high net worth individuals and their families.
We perform meticulous due diligence analysis, reviewing building plans and permits, alteration agreements, offering plans, engineer reports, environmental impact studies, title reports, property surveys and other documentation. Additionally, we handle zoning and variance appeal hearings. Our services for purchasers, sellers and lenders also include:
- Assisting with financing and refinancing
- Drafting, negotiating and reviewing all types of contracts, such as architect, brokerage and construction agreements
- Ensuring compliance with property disclosure laws
- Advising on Section 1031 like-kind exchanges
- Obtaining title insurance and clearing title defects
From the $30 million acquisition and financing of multiple condominium units in New York to the acquisition of one of South Florida’s most expensive condos, our residential real estate work spans the country including New York, California, Florida, Colorado, Montana, and Nevada to overseas transactions in South America, Italy, and France.
End-to-End Guidance and Solutions
Because legal and financial aspects of residential real estate are so intertwined, we work closely with financial planners, accountants, and the firm’s tax attorneys to minimize our clients’ tax liability and maximize available incentives. We are also experienced in the sale, purchase and refinancing of multimillion-dollar real estate holdings in the context of financial planning, estate planning and matrimonial transfers.
When disputes arise, our real estate litigation team is highly effective in resolving issues both in court and at the negotiating table. Our litigators have been recognized for setting groundbreaking legal precedents in the area of real estate law and are experience with matters ranging from construction and environmental issues to title insurance defects.
