Macedonio and Duncan, LLP represents clients involved in residential and commercial real estate transactions throughout Suffolk County. Whether you are a buyer, seller, developer, or investor, you need the informed representation we provide.
Our experienced real estate attorneys have a working knowledge of the applicable real property laws and a firm grasp of the regional market. We advise clients on matters such as:
- Residential and commercial real estate transactions
- Real estate leasing
- Real estate financing (e.g. mortgages, private financing)
- Title insurance and searches
- Real estate development
- Land use and zoning
Over our many years in practice, we have established relationships with developers, realtors, title agencies, and lenders who work with us to ensure that real estate transactions are handled efficiently. When you become our client, we will always work in your best interests and help you achieve your objectives. Contact our Islip Terrace office today to schedule a consultation.
Suffolk County Residential Real Estate Attorneys
Buying or selling residential real estate — a single-family or multi-family home, condominium, co-op, or land — can be complicated, which makes it crucial to consult with a capable real estate attorney. Our legal team regularly handles all aspects of residential real estate transactions, including:
- Arranging home inspections
- Reviewing surveys, engineering reports, zoning reports
- Preparing and reviewing purchase and sales contracts
- Ordering title searches
- Securing financing
- Coordinating closings
The Purchase and Sales Contract
Generally, the seller’s attorney prepares the initial draft of the sales contract, which is a standardized form that will include a rider to cover any unique information about the property and the transaction. The contract specifies the terms of the deal: sales price, description of the property, and estimated closing date.
The purchase and sales contract also includes terms that must be met before the deal closes or “contingencies,” such as: Is the deal contingent on a satisfactory home inspection or the buyer obtaining financing? Will the seller be required to make repairs or improvements to the property? What happens to the contract deposit if the buyer/seller defaults?
Finally, the contract in a residential real estate transaction must adhere to applicable laws, clarify how the property can be used, and specify items that will be included in the sale (e.g. appliances, light fixtures). Given that buying or selling a home is an emotional and stressful process, it is wise to work with an experienced real estate attorney. At Macedonio and Duncan, we will provide you with trustworthy advice and work with you to make the deal happen.
Commercial Real Estate Attorneys in Suffolk County
If you are buying, selling, leasing, or investing in commercial property, it is crucial to have proper legal representation. The attorneys at Macedonio and Duncan are highly experienced in all phases of commercial real estate transactions, including:
- Negotiating, reviewing, and preparing sale contracts
- Arranging inspections, environmental reports, surveys, and engineering reports
- Obtaining land use approvals
- Arranging for title searches, title clearing
- Negotiating and preparing commercial lease agreements (e.g. office leases, warehouse leases, retail leases, shopping center leases, ground leases)
- Representing buyers and sellers at closing/lease signing
We regularly handle transactions involving office buildings, apartment complexes, shopping centers, and other commercial properties, as well as the development of properties, ranging from stand-alone projects to multi-stage, multi-location ventures. Our legal team also advises clients on a wide range of issues typically associated with commercial property transactions, including:
Issues with the Property
Because zoning and land use regulations in Suffolk County determine how commercial property can be used, it takes an attorney who has working relationships with zoning boards to ensure the transaction proceeds expediently, as well as to resolve other issues with the property (e.g. environmental considerations, prior liens, easements, encroachments, other defects). By conducting extensive due diligence, we work to help our clients mitigate liability for legal, environmental, or building code violations.
Commercial Property Valuations
We regularly collaborate with a network of qualified appraisers and financial professionals to help our clients arrive at fair and accurate valuations, which depend on factors such as the size, age and condition of the property, current and future income streams, and the value of comparable properties in the market. Given that a commercial property transaction involves a significant investment, it takes an experienced real estate attorney to protect your interests.
Financing
We work with commercial lenders, financiers, and investors to arrange structured financings ranging from syndicated mortgage loans, to commercial mortgage-backed securities (CMBS) loans, to conduit financings and work closely with our clients to ensure that they have adequate capital reserves to meet the payments.
Contact Our Experienced Suffolk County, New York Real Estate Attorneys
Whether you are buying, selling, or developing commercial property, trust Macedonio and Duncan to help you navigate all aspects of the transaction. Above all, we will work to protect your interests and your investment. Contact our office today to speak with an experienced real estate attorney.
