Manhattan Condo Lawyer

Condominium Purchase and Sale Attorney Serving Manhattan, NY

Manhattan's condominium market ranges from ultra-luxury towers along Billionaires' Row and in Hudson Yards to resale units in established neighborhoods like Tribeca, SoHo, and the Upper East Side. When you buy a Manhattan condo, you receive a deed to your individual unit and an interest in the building's common elements, giving you full ownership backed by title insurance. This structure provides more flexibility than co-op ownership in financing, subletting, and resale.

Condo purchases in Manhattan involve contract negotiation, offering plan analysis (for both new and resale units), title examination, mortgage coordination, and a closing where the deed transfers. New development purchases add layers of complexity around sponsor contracts, tax abatement structures, and construction completion timelines. At every stage, experienced legal counsel protects your interests and helps you understand the financial commitments you are making.

At Agarunov Law Firm, P.C., our real estate practice includes condominium transactions throughout Manhattan. Our office is located at 30 Broad Street, 14th Floor, in Manhattan's Financial District. Schedule a free consultation to discuss your Manhattan condo purchase or sale.

Our Manhattan Condo Legal Services

Contract Review for Manhattan Condo Purchases

Manhattan condo purchase contracts cover the specific unit, storage and parking rights, common charge obligations, and any negotiated conditions between buyer and seller. New development contracts are typically sponsor-drafted with limited room for negotiation, making it especially important to identify unfavorable terms before signing. We review each provision to protect your financial interests and ensure you understand your obligations.

Offering Plan Analysis for Manhattan Condos

Every Manhattan condominium has an offering plan filed with the New York Attorney General's office. We analyze the plan and its amendments to evaluate the building's financial structure, common charge allocation methodology, reserve fund adequacy, insurance coverage, sponsor's remaining obligations, and any pending litigation or special assessments. For new construction, we review the sponsor's projected operating budget against comparable buildings to assess whether common charges are realistic.

Title Search and Insurance for Manhattan Condos

Condo buyers receive a deed and require title insurance to protect against ownership defects. We coordinate the title search and review the report for liens, judgments, lis pendens filings, open permits, and other encumbrances. Manhattan properties can have complex title histories that span more than a century, including air rights issues, party wall agreements, and unresolved estate matters. Identifying and resolving these before closing protects your investment.

Condo Closing Representation in Manhattan

At closing, we verify the deed's accuracy, confirm all financial calculations including transfer taxes, mansion tax, title charges, and prorated common charges, review mortgage documents, and ensure clear title transfers to the buyer. For transactions above $1 million, we confirm accurate mansion tax computation on the graduated NYC schedule. Our attorneys attend every Manhattan condo closing in person.

New Development Condo Purchases in Manhattan

Manhattan has a steady pipeline of new condo construction across multiple neighborhoods. New development purchases involve sponsor-drafted contracts, offering plans that may undergo multiple amendments during construction, and closing timelines tied to building completion. Tax abatement programs can substantially reduce carrying costs during the initial years but expire on a set schedule. We analyze abatement terms and project post-abatement carrying costs so you can evaluate the unit's affordability over time.

Manhattan Condo Sales Representation

For Manhattan condo sellers, we prepare or review the purchase contract, coordinate with the condo association on transfer paperwork, handle the lien search on the unit, calculate the seller's transfer tax obligations, and attend closing. We ensure all documentation is in order and that the transaction proceeds without delays.

What You Should Know About Manhattan Condos

Manhattan's condo market is segmented by neighborhood, building age, and amenity level. New development condos in Hudson Yards, the Financial District, and along the East River command premium prices but often come with tax abatements that lower initial carrying costs. Resale condos in established neighborhoods like Greenwich Village, Tribeca, and the Upper West Side may have higher common charges but benefit from mature building operations and predictable financial histories. Buyers should also understand the difference between sponsor-controlled boards (typical in new buildings until a majority of units sell) and owner-controlled associations, as board control affects how building decisions are made during the early years.

Why Manhattan Condo Buyers and Sellers Choose Agarunov Law Firm

• Direct attorney access: your condo transaction is personally handled by a licensed attorney
• Located in Manhattan: our Financial District office is convenient for closings, meetings, and document review
• New York and New Jersey licensed: dual-state practice for clients with property in both jurisdictions
• Experienced with new development and resale transactions: thorough offering plan analysis and tax abatement review
• Responsive communication: same-day replies to calls and emails throughout your transaction