Adam Leitman Bailey, P.C. acts as general counsel to a not-for-profit housing company for senior citizens located in Brooklyn. The building in question was in dire need of various capital improvements and repairs, but with limited cash on hand to do so. The housing company sought to take advantage of pandemic-level interest rates to reduce Full Article…
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Adam Leitman Bailey, P.C. Represents Purchaser in Acquisition of Multifamily Property Eligible for “Qualified Opportunity Zone” Tax Benefits
Investors looking to defer capital gains tax may be able to do so by purchasing property located in a Qualified Opportunity Zone (QOZ). QOZs were developed by the federal government as an economic incentive tool to spur development in economically distressed areas. Under certain conditions, by investing in properties located within these zones, an investor Full Article…
Adam Leitman Bailey, P.C. Successfully Navigates HUD Approval Process In Achieving Interest Rate Reduction Of A Senior Citizen Not-for-profit Housing Corporation’s Underlying Commercial Mortgage.
Adam Leitman Bailey, P.C. acts as general counsel to a not-for-profit housing company for senior citizens located in Brooklyn. The building in question was in dire need of various capital improvements and repairs, but with limited cash on hand to do so. The housing company sought to take advantage of pandemic-level interest rates to reduce Full Article…
Eviction Moratorium No Obstacle For Adam Leitman Bailey, P.C. Against A Would-Be Tenant Who Never Paid Rent, Ever
If a landlord peruses the New York real estate headlines today, she might come away thinking that it is absolutely impossible to obtain an eviction of a tenant in the aftermath of the outbreak of COVID-19 and the continuing moratorium on evictions throughout the state of New York. With record growth in job production, new Full Article…
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