New York Residential Closing Lawyer

Residential Closing Attorney Serving New York City

New York City's residential market encompasses an extraordinary range of property types across five boroughs: co-ops, condos, townhouses, single-family homes, multi-family buildings, and mixed-use properties. Each transaction type involves specific legal considerations at closing, from the ownership structure (shares vs. deed) to tax obligations (mansion tax, mortgage recording tax, transfer tax) to regulatory compliance (rent stabilization, certificate of occupancy, landmark designation).

Regardless of property type or borough, every New York residential closing follows a core legal framework: contract negotiation, title or building due diligence, lien resolution, financing coordination, and a closing where ownership transfers and funds change hands. The details vary depending on whether you are buying a prewar co-op on the Upper East Side, a new condo in Long Island City, a two-family home in the Bronx, or a brownstone in Brooklyn. Having an attorney who understands these distinctions ensures your transaction is handled correctly.

At Agarunov Law Firm, P.C., we handle residential closings across all five New York City boroughs. Our office is located at 30 Broad Street, 14th Floor, in Manhattan's Financial District, with convenient access from all five boroughs. Schedule a free consultation to discuss your transaction.

Our New York Residential Closing Legal Services

Contract Review for New York Residential Purchases

In New York, the seller's attorney prepares the contract of sale, and the buyer's attorney negotiates modifications before execution. This negotiation period is your opportunity to secure critical protections: mortgage contingencies, property inspection provisions, escrow deposit terms, timeline commitments, and seller representations about the property's condition. For multi-family and townhouse purchases, contract review also covers tenant lease obligations, certificate of occupancy verification, and any known building violations.

Title Examination and Insurance for New York Properties

We order and analyze the title report for each transaction, examining it for outstanding mortgages, court judgments, open building permits, delinquent taxes, water and sewer liens, and other encumbrances. New York properties across all five boroughs can present title complications ranging from unresolved estate transfers to mechanics' liens from prior renovation work to boundary disputes revealed by updated surveys. Every defect identified must be resolved or insured against before the transaction can close.

Residential Closing Representation Across NYC

Our attorneys are present at every closing to protect your interests. We examine the deed or stock certificate for accuracy, audit the closing statement, verify all tax computations including transfer tax, mansion tax (for purchases at $1 million and above), and mortgage recording tax, and confirm that every document is properly executed before authorizing the release of funds. Whether the closing takes place at a title company office, an attorney's conference room, or remotely, we ensure the same level of thoroughness.

Multi-Family and Townhouse Closings in New York

New York's multi-family and townhouse market requires additional legal diligence beyond standard residential closings. We verify rent stabilization status for occupied units, review existing tenant leases, confirm that the building's actual use conforms to its certificate of occupancy, analyze income and expense statements for investment properties, and ensure proper allocation of collected rents and security deposits between buyer and seller at closing.

First-Time Homebuyer Representation in New York

Purchasing your first property in New York City is a significant financial step. We guide first-time buyers through the entire closing process, explaining each document and each stage of the transaction in plain terms. Whether you are buying a starter co-op, a first condo, or a single-family home, our priority is ensuring you understand your rights and obligations before you commit.

Seller Closing Representation in New York

New York sellers rely on us to manage the legal side of the transaction from contract preparation through closing. We draft the contract of sale, respond to the buyer's counsel on title clearance and documentation, address any open violations or liens, and attend closing to verify proper execution of all transfer documents and accurate disbursement of sale proceeds.

What You Should Know About New York Residential Real Estate

New York City's residential market is unlike any other in the country in its diversity and complexity. Each borough has its own property mix, pricing dynamics, and regulatory considerations. Manhattan is dominated by co-ops and condos with the highest price points and most complex board processes. Brooklyn blends brownstone townhouses, co-ops, condos, and multi-family investments across dozens of distinct neighborhoods. Queens offers the city's widest range of housing types, from single-family homes to large-scale co-op developments. The Bronx provides some of the most affordable entry points for both homeowners and investors. Staten Island's market is the most suburban, with single-family and two-family homes predominating. Across all boroughs, buyers should understand the transfer tax structure, the mortgage recording tax, and the mansion tax threshold, as these costs can significantly affect the total purchase price.

Why New York Home Buyers and Sellers Choose Agarunov Law Firm

• Personal attorney involvement: a licensed attorney manages your closing directly at every stage
• Centrally located: our Financial District office at 30 Broad Street is reachable from every borough by subway or ferry
• New York and New Jersey licensed: dual-state practice for clients with property interests in both jurisdictions
• Citywide coverage: we handle residential closings across Manhattan, Brooklyn, Queens, the Bronx, and Staten Island
• Timely communication: every call and email receives a response on the same business day