Blogs

Local Law 97 is a plan for reducing emissions. Local Law 97 was included in the Climate Mobilization Act, passed by the City Council in April...

Welcome news for owners of small rental building (five units or less): Gov. Kathy Hochul signed a new law making the path to converting small...

The Corporate Transparency Act (the “CTA”) is finally here. How does it affect your entity? Does it only affect domestic or foreign entities? What is...

As we navigate the final quarter of the year and prepare for 2023, two words come to mind: “What’s next?” Uncertainty can be uncomfortable, but...

From revocable living trusts to charitable remainder trusts to celebrity trusts gone wrong, trusts are one of the most misunderstood estate planning tools. In the right hands, however, trusts can be one of...

By Pat Ralph at The Real Deal With rents rising and a slowdown in new apartment construction on the horizon, mid-market investors continue to target multifamily assets...

By Max Gross at Commercial Observer  Broadway loves a big revival, and McDonald’s loves Broadway. The golden arches signed a 20-year, $40 million lease with Jeff Sutton’s Wharton Properties at 661...

By Raanan Gerberer at Brooklyn Daily Eagle  The city’s outer-borough industrial real estate market, including Brooklyn, continued to show healthy improvement during the second quarter...

CASE STUDY 3: Francois is an EU citizen residing in an EU country and is looking for a $3mm investment property to rent out in...

CASE STUDY 2: Carlos is a non-resident alien, residing in Brazil. He currently maintains a portfolio brokerage account in New York in the name of...

Case Study 1: Deniz and Isra are married and have a son, Emre. Deniz and Isra are Turkish Citizens and residents and are searching for...

Housing Justice for All will concentrate on passing a statewide measure By Suzannah Cavanaugh | Research By Kathryn Brenzel  at The RealDeal Less than a year after Albany made...

Penthouse at 100 11th Ave asking $23M tops the list, but most contracts last week were for homes under $5M By Sasha Jones at TheRealDeal...

A new report says there are more short-term rentals available in the city than standard ones Written By: The Real Deal Looking to rent an...

By: Leah Laframboise, Clay Pulliam, and Christina Sprecher of Reuters   The impact of the COVID-19 pandemic on commercial leasing was immediate and severe. Landlords and...

Nine of 17 corridors saw asking rents rise as tenants face supply chain, labor issues By Sasha Jones at The Real Deal   Manhattan retail rents...

Renting on a month-to-month basis can leave tenants in a vulnerable position. But landlords often want to make a deal rather than evict. By Ronda Kaysen...

Suddenly finding itself with too much space, Amazon is looking to sublease some of its excess warehouse space, reports Bloomberg. Despite rate hikes, the Mortgage...

As we all know, the Housing Stability and Tenant Protection Act (HSTPA) of 2019 placed a limit on how much security deposit a landlord in...

A luxury residential building in the financial district with more than 750 apartments has been experiencing lengthy elevator outages since the fall. By Karen Zraick and Ashley Wong...

BY: Brian Pascus at Crain’s New York Business  Mayor Eric Adams has big plans to revitalize New York’s central business districts as the city emerges...

By: Daniel Colombini and Vinod Palal at Crain’s New York Business Daniel Colombini and Vinod Palal are principals at New York City-based consulting engineering firm Goldman Copeland. The use of...

Harry Macklowe Reimagines a Downtown Manhattan Office Tower Macklowe Properties’ conversion of the landmarked One Wall Street into 566 condos represents the largest such conversion...

2020 was, of course, a historic downturn for New York City, but as that year came to an end, activity and transaction volume began to increase...

Vacant retail spaces across the city are being turned into makeshift warehouses by app-based grocery delivery companies — in potential violation of zoning rules, according to...

WHAT IS IRC SECTION 1031? Section 1031 of the Internal Revenue Code (IRC) allows a taxpayer who owns investment or commercial property to exchange a...

By Christian D. Curtis Back in June 2021, after fielding many calls from concerned clients, I hosted a Webinar regarding President Biden’s bold tax change...

In October 2021, the Federal National Mortgage Association was the first to announce updates to its guidelines and criteria changes for Condo and Co-op Projects. ...

Pent-up demand, a weak dollar, and surging wealth have lifted Manhattan’s luxury market from the pandemic doldrums — developers, take note.  (Commercial Observer)  The first...

We are very excited to be able to announce 3 new attorneys who have been added to the CPL team! Susannah Rosato joins our Commercial...

Life insurance can be a key component in an estate plan. Whenever I think about this tool, the words that come to mind are security,...

New York state passed the Mental Hygiene Law in 1972, creating a broad legal framework to address the needs and rights of the mentally disabled...

When it comes to your health care decisions, the person whose opinion matters the most is you. Medical decisions will directly affect your life, so...

The United States opened its borders to international visitors on November 8, ending a 20-month travel ban initially instated to prevent the further spread of...

Administering an estate is the important process of managing a person’s assets and liabilities after they die. Estate administration involves several key steps that can...

The attorneys at Chaves Perlowitz Luftig LLP are proud to sponsor God’s Love We Deliver, a wonderful charity that brings meals to the chronically ill...

If you’ve lost a loved one, probate might be required to settle their affairs and distribute their estate. Because this process can be time-consuming, families...

Many of today’s home buyers with the means to do so will use cash offers to attract sellers who want to avoid financing issues and...

Chaves Perlowitz Luftig, LLP is proud to announce that Attorney Andrew Luftig has been selected as a recipient of a 2021 SuperLawyers Award. SuperLawyers is...

Many of us have family members who eventually cannot manage their affairs. A degenerative illness, a serious injury, a developmental disability, among other circumstances, are...

Probate can be an exhausting process. Court rules, strict deadlines, and long, drawn-out procedures can all add stress and hassle that you don’t need. But...

Credit shelter trusts (CST) are an interesting trust planning concept, created out of the need to make maximum use out of both spouse’s estate tax...

Getting married is a joyous occasion. While a second marriage is another opportunity to enjoy life with your chosen companion, it could also come with...

The main difference between these two fiduciaries is the way how they will become the representatives of an estate and how they might carry out...

You may have heard the term “estate tax” (colloquially known as the “death tax”) thrown around. It’s a hot-button political topic that seems to crop...

A Will is one of the most important documents in an estate plan, not only because it allows you to dispose of your property as...

The ‘good cause eviction’ bill (S2892) recently took a major step towards making its way to NYC. On July 19, 2021, the Albany Common Council...

Virtually every jurisdiction in the world provides some protection to a decedent’s close family members preventing them from being completely disinherited. This level of protection...

Yes, New York has a progressive estate tax that varies from 5% up to 16%. This means that if you are a New York resident...

Not everyone has a trust. Some don’t even know what a trust is or how it works. Others think that trusts are one of those...

Estate planning is something many people have heard about but don’t completely understand. It’s more than just drafting a will. There are additional ways to...

Whenever I begin to draft a last will and testament, I pay special attention to the strict rules that must be followed so the Surrogate’s...

Like many trusts and estates lawyers, I perform a “ceremony” at the time of a will signing. I gather witnesses together with the client in...

What is an Ancillary Probate Proceeding? According to New York State law, ancillary probate may be used when a non-domiciliary decedent owns real and/or personal...

Many people have heard of wills and trusts, but they might not be aware of the differences between these two useful estate planning tools. A...

While it might be difficult for some of us to consider our own mortality, it’s crucial to plan for what should happen to our assets...

Chaves Perlowitz Luftig LLP is pleased to announce the launch of its innovative new website. The updated site connects people with top-rated Manhattan, NY real...

It’s an understatement to say that divorce is a life changing event. Clearly, there are obvious legal challenges which are typically handled through your matrimonial...

New York city will rise again because there is no place like NYC. The pessimists say that the city will never come back. However, one...

Location is an incredibly important factor for buyers when considering their dream home. People tend to value close proximities to their offices, their children’s school,...

It is unquestionable that the forced shutdown by COVID-19 sent devastating shockwaves throughout New York City. While some markets are steadily recovering, the commercial real...

COVID-19 resulted in many of us overlooking the possibility that a large number of employees will work remotely well into 2021 and possibly even 2022....

COVID-19 still impacting New York City and many are left with questions on what to do if they are evicted after Executive Order 202.28 expires...

When the stay at home orders were put on the city in March, much of the life and energy that made New York City was...

The COVID-19 pandemic has put a wrench in many long-term plans and new developments are no exception. New developments such as those in in Long...

With the COVID-19 pandemic spiking in many states across the USA this past month, it has left our country with the impending question of what...

Many New York City residents are moving into surrounding suburbs and exurbs in efforts to escape the coronavirus hotspot. What does this mass exodus mean...

As New York City begins to open after months of shut down, landlords are hopeful about collecting unpaid rents that have accumulated due to COVID-19’s...

New York City landlords are taking drastic measures to safely re-open their buildings in phases. Most buildings in New York City are following CDC and...

After nearly the entire American workforce was forced to work from their homes for a number of months, many companies now realize that work productivity...

On June 22, 2020, New York City entered Phase 2 of the Covid-19 reopening plan. Phase 2 addressed residential property showings. Under Phase 2, showings...

DOWNLOAD POWERPOINT PRESENTATION HERE David Goldfischer, Esq.Direct: (212) 897-5691Email: dzg@cpllawfirm.cwdevelop.com DISCLAIMERS: Not legal advice. Instead, legal education. General overview and concepts. Many explanations of rules...

DOWNLOAD POWERPOINT PRESENTATION HERE General Guidance to Agents Deals in Contract – Delays Deals in Contract – Delays Deals in Contract – Renegotiation Deals in...

For taxpayers concerned about how estate taxes will impact their family businesses and heirs it may be the perfect time to plan your estate. The...

By David Goldfischer, Esq. Landlord/Tenant Rent Regulation Group Practice Lead In June of 2019, when the State Senate introduced the Housing Stability and Tenant Protection...

Memorandum for Landlords and their Agents In the nearly eight months since New York State passed sweeping rent reform laws, the Department of State (DOS)...

By David Goldfischer, Esq. Nearly four months after a State of Emergency was declared in New York due to the COVID-19 pandemic, the NYC real...

By David Goldfischer, Esq. Amidst the calls for rent strikes, mortgage forbearances, and tax reductions, New York City’s real estate market has begun to show...

The COVID-19 pandemic has disrupted many plans including how people manage their estates. We’ve created a list of the top issues that have popped up...

If you are like most people, you have precise wishes as to who should inherit from your estate once you pass away. Unfortunately, it is...

DOWNLOAD POWERPOINT PRESENTATION HERE Regulatory Changes Senate Bill S1825 NYS Tenant Safe Harbor Act Amending or Revising the Lease Terms Mortgage Payments Commercial Leases- Taxes...

By Ashley Zenobio, J.D. Many taxpayers are waiting to learn the outcome of the 2020 election and are eager to see how those results will...