Bronx Condo Lawyer

Condominium Purchase and Sale Attorney Serving the Bronx, NY

The Bronx condominium market has expanded significantly in recent years, driven by new construction in Mott Haven, the South Bronx waterfront, and areas along the Major Deegan Expressway corridor. Unlike co-ops, buying a condo means acquiring real property, recorded by deed and backed by title insurance. This ownership structure offers more financing flexibility and fewer restrictions on subletting and resale, which appeals to both owner-occupants and investors.

Condo transactions in the Bronx follow the same legal framework as elsewhere in New York: contract negotiation, offering plan or building document review, title examination, mortgage coordination, and a closing where the deed and keys change hands. New construction purchases involve additional complexity around sponsor obligations, construction completion timelines, and tax abatement structures. Whether you are buying a new development unit in Mott Haven or a resale condo in Riverdale, thorough legal review protects your investment.

At Agarunov Law Firm, P.C., our real estate practice includes condominium transactions throughout the Bronx. Our office at 30 Broad Street in Manhattan's Financial District is from the Bronx via the 4 or 5 trains to Fulton Street, or the B/D to Grand Street. Schedule a free consultation to discuss your Bronx condo transaction.

Our Bronx Condo Legal Services

Contract Review for Bronx Condo Purchases

Bronx condo purchase agreements address the specific unit, parking and storage allocations, common charge obligations, and any special conditions negotiated between buyer and seller. For new development purchases from a sponsor, the contract terms are often less negotiable but require careful scrutiny of contingencies, closing date flexibility, and the buyer's remedies if the sponsor fails to deliver the unit as promised. We review every provision to protect your interests before you sign.

Offering Plan and Building Document Review

Every condominium in New York has an offering plan filed with the Attorney General's office, plus amendments that document changes since the original filing. We analyze the offering plan to identify the building's financial structure, common charge allocation, reserve fund adequacy, sponsor obligations, and any special assessments. For older Bronx condos, we also review the building's current financial statements and board meeting minutes to assess how the association manages its operations.

Title Search and Insurance for Bronx Condos

Unlike co-op purchases, condo buyers receive a deed and need title insurance to protect against defects in the chain of ownership. We coordinate the title search, review the report for liens, judgments, open permits, and other encumbrances, and work with the title company to resolve any issues before closing. Bronx properties in neighborhoods undergoing rapid development can present title complications related to prior lot subdivisions, easements, or unresolved municipal violations.

Condo Closing Representation in the Bronx

At closing, we verify that the deed is properly executed, confirm all financial calculations including transfer taxes and adjustments, review the mortgage documents, and ensure clear title passes to the buyer. Our attorneys attend every closing to protect against errors and to address any last-minute issues that may arise between the parties.

New Development Condo Purchases in the Bronx

The Bronx has seen a wave of new condo construction, particularly in Mott Haven and along the waterfront. New development purchases involve sponsor-drafted contracts with limited negotiability, offering plans that may still be in amendment, and closing timelines tied to construction completion. Tax abatements under programs like 421-a can reduce carrying costs substantially in the early years but expire on a set schedule. We review abatement terms and calculate projected post-abatement taxes so you can assess long-term affordability.

Bronx Condo Sales Representation

Selling a Bronx condo involves preparing or reviewing the purchase contract, coordinating with the condominium association on transfer documentation, ordering a lien search on the unit, and attending the closing. We handle the legal details so the transaction proceeds smoothly from accepted offer to closing day.

What You Should Know About Bronx Condos

New condo development in the Bronx is concentrated in a few key areas, each with its own market dynamics. The Mott Haven and South Bronx waterfront corridor has attracted developers building luxury and mid-market condos aimed at buyers priced out of Manhattan and Brooklyn. These buildings often include tax abatements that keep initial carrying costs low but will expire within 10 to 25 years. Riverdale has a more established condo market with mature buildings and stable common charges. Buyers considering Bronx condos should understand the difference between sponsor-controlled boards (common in new buildings) and owner-controlled associations, as this affects how building decisions are made during the early years of ownership.

Why Bronx Condo Buyers and Sellers Choose Agarunov Law Firm

• Direct attorney access: a licensed attorney, not a paralegal, handles your condo transaction from contract to closing
• Accessible from the Bronx: our Financial District office is a direct subway ride via the 4/5 trains
• New York and New Jersey licensed: dual-state practice for clients with cross-border needs
• Experienced with new development closings: familiarity with sponsor contracts, offering plans, and abatement structures
• Responsive communication: same-day responses to your calls and emails