Elad michael,

Real Estate Lawyer

NYC Real Estate Attorney Articles and Updates

Stay informed about New York City real estate laws, investment opportunities, and legal strategies with articles written by Elad Michael, NYC real estate attorney.

Navigating New York City’s Short-Term Rental Landscape: What Landlords and Investors Need to Know

2025-06-15 17:49 Navigating New York City’s Short-Term Rentals: What Landlords and Investors Need to Know New York City has dramatically reshaped its short-term rental market with the implementation of Local Law 18 (also known as the City’s Short-Term Rental Registration Law), significantly impacting landlords, real estate investors, and Airbnb hosts in NYC. Understanding the current short-term rental laws in New York City is critical for anyone looking to rent out residential property or invest in Airbnb-friendly real estate. What Is Local Law 18? Local Law 18, enacted in 2022 and enforced beginning S...

Co-op vs. Condo in NYC: Legal Differences and 2025 Trends Explained by an NYC Condo Lawyer

2025-05-26 22:00 Co-op vs. Condo in NYC: Legal Differences and 2025 Trends Explained by an NYC Condo Lawyer Navigating New York City real estate in 2025 takes more than just a keen eye for listings. It requires a firm understanding of the legal and financial distinctions between co-ops and condominiums. Whether you're a first-time buyer, investor, or seller, knowing these differences is crucial. 1. Legal Ownership: Co-op Shares vs. Condo Deed In a co-op, you're buying shares in a corporation that owns the entire building. These shares grant you a proprietary lease to occupy a specific unit. In a...

Condo vs. Townhouse in NYC: What’s the Difference for Homebuyers?

2025-05-25 15:15 Condo vs. Townhouse in NYC: What’s the Difference for Homebuyers? If you're considering buying property in New York City, you’ve likely encountered two common types of residential real estate: condominiums (condos) and townhouses. While both offer attractive benefits, understanding the legal and financial differences is essential—especially in a competitive market like NYC. As a real estate attorney in NYC, I often help buyers navigate the nuances of condo and townhouse ownership. Here’s a breakdown to help you make an informed decision. What Is a Condo in NYC? A condo is...

Understanding the Residential Real Estate Closing Process in NYC

2025-04-28 22:43 Understanding the Residential Real Estate Closing Process in NYC Purchasing or selling a home in New York City is a major financial event—and the legal process can feel complex and fast-paced. Whether you're a first-time homebuyer or a seasoned investor, understanding the residential real estate closing process in NYC is essential for a smooth transaction. Here’s a breakdown of what to expect from the accepted offer to closing day. 1. Offer Accepted — But the Deal Isn’t Final Yet In New York, once an offer is accepted, the property is taken off the market. However, this is just the b...

5 Legal Tips for Israeli Investors Buying Property in New York City

2025-04-28 22:00 5 Legal Tips for Israeli Investors Buying Property in New York City Investing in New York City real estate can be a smart move for Israeli investors — but navigating the legal landscape is very different from buying property in Israel. To ensure a smooth and successful transaction, here are five essential legal tips every Israeli investor should follow: 1. Hire a Real Estate Attorney Early In New York, attorneys play a central role in real estate transactions — much more so than in Israel. Your attorney will handle contract negotiation, due diligence, and the closing process. Tip: Ch...

Insights and Updates