Commercial Real Estate Transactions in New York City
Commercial real estate transactions in New York City involve substantial capital, complex legal structures, and significant regulatory requirements. Whether you are purchasing an office building, acquiring a retail property, investing in a mixed-use development, or selling a commercial asset, the legal documentation and due diligence required demand experienced counsel who understands the NYC commercial real estate landscape.
At Agarunov Law Firm, P.C., we represent buyers, sellers, investors, and developers in commercial real estate transactions across all five boroughs. From initial letter of intent through due diligence, contract negotiation, entity structuring, and closing, we provide comprehensive legal support that protects your investment and facilitates efficient deal execution.
Our Commercial Transaction Services
Acquisitions & Dispositions
We represent purchasers and sellers in the acquisition and disposition of commercial properties including office buildings, retail spaces, industrial properties, mixed-use buildings, and multi-family investment properties (5+ units). Our work begins with reviewing and negotiating the letter of intent or term sheet, then proceeds through comprehensive contract negotiation covering purchase price, deposit structure, due diligence periods, representations and warranties, closing conditions, and post-closing obligations.
Due Diligence
Thorough due diligence is the foundation of any sound commercial real estate investment. We coordinate and review title searches and surveys, environmental assessments (Phase I and Phase II), zoning and land use verification, building department records and certificate of occupancy, existing lease agreements and tenant estoppel certificates, service contracts, financial records including rent rolls and operating statements, insurance certificates, and any pending litigation involving the property.
Entity Structuring
Most commercial acquisitions in NYC are structured through entities — typically LLCs — for liability protection, tax planning, and operational flexibility. We advise on the appropriate entity structure, prepare formation documents, and draft operating agreements that address capital contributions, profit distributions, management authority, transfer restrictions, and exit provisions. For multi-investor transactions, we structure joint ventures and partnership agreements.
Financing
Commercial financing involves complex loan documentation including loan agreements, promissory notes, mortgages, environmental indemnities, guaranties, and subordination agreements. We review and negotiate loan terms with your lender, ensuring that covenants, default provisions, prepayment penalties, and other terms are acceptable.
Closing Representation
Commercial closings involve extensive documentation and coordination among multiple parties. We manage the closing process from start to finish, ensuring all documents are properly drafted and executed, title is clear, due diligence conditions are satisfied, and funds are properly distributed.
Types of Commercial Properties We Handle
- Office Buildings: Acquisitions and sales of office properties, from boutique buildings to large commercial towers
- Retail Properties: Storefronts, shopping centers, and ground-floor commercial units
- Mixed-Use Buildings: Properties combining residential, commercial, and retail uses
- Multi-Family Investment Properties: Buildings with 5 or more residential units purchased as investment assets
- Industrial & Warehouse: Light industrial, warehouse, and distribution properties
- Development Sites: Vacant land and properties purchased for development or redevelopment
Related Services
Commercial property owners often need commercial lease negotiation for tenant placement, 1031 exchanges for tax-deferred reinvestment, and ongoing business law support for entity management.
Serving New York and New Jersey
Agarunov Law Firm is licensed to practice in both New York and New Jersey. In addition to representing clients across all five NYC boroughs and Long Island, we handle real estate transactions in Northern and Central New Jersey including Bergen County (Englewood, Fort Lee, Hackensack, Teaneck, Paramus), Hudson County (Jersey City, Hoboken, Weehawken), Essex County (Newark, Montclair, Livingston), Passaic County (Paterson, Wayne, Clifton), and Middlesex County (New Brunswick, Edison, Woodbridge).
Our dual-state licensing allows us to represent clients in cross-border transactions and provide seamless legal counsel whether your property is in New York, New Jersey, or both.
Pursuing a Commercial Real Estate Transaction?
Schedule a free consultation with our experienced commercial real estate attorney.
Call (212) 920-5989 Contact Us Online