Commercial and Residential Real Estate Transactions

Whether it is a residential or commercial property, real estate purchases involve great amounts of money, time, and research.  You want to be represented by an attorney who is familiar with local laws and issues that tend to arise with real estate transfers.  The Law Offices of Ira M. Bierman have extensive experience representing clients throughout the process of purchasing and selling both residential and commercial real estate.  We assist with the following types of real estate transactions:

• Closings for both residential and commercial properties
• Purchase and sale of newly constructed homes and other residential properties
• Purchase and sale of commercial or residential buildings
• Leasing issues and agreements
• Buy-sell agreements
• Landlord tenant disputes

There are other benefits to having an experienced real estate lawyer on your side.  We prepare and review the required documentation and ensure that the closing process progresses as smoothly as possible.  Additionally, in some situations, we save you money on your mortgage tax by assisting you with a Consolidation, Extension and Modification Agreement (CEMA), which can be used when you are refinancing a mortgage.  A CEMA allows you to only pay mortgage tax on the difference between the old and new mortgage. 

Section 1031 Like-Kind Property Exchanges

Under Section 1031 of the Internal Revenue Code, properties that are similar in nature can be exchanged if they are used for investment or for trade or business.  This does not include securities such as stocks or bonds or interests in a partnership.  The benefit to a real estate exchange under Section 1031 is that the Internal Revenue Service (IRS) will not recognize a gain or loss in the exchange, which can have significant tax benefits.  The Law Offices of Ira Bierman can assist you with arranging a Section 1031 exchange, and we can help you establish trusts and other entities that minimize the risk of litigation exposure for your real estate interests.

The Law Offices of Ira M. Bierman assists individuals and businesses throughout the State of New York, and we frequently represent residents of other states who own or want to purchase or sell real estate.