Current Developments is a seasonal newsletter provided by First American Title Insurance Company to its agents, covering the latest developments in the state of New York. We would like to share this information with you, so that you can better serve your clients. Some of the topics covered in this newsletter include: Common Charge Lien […]
$8 Million Acquisition of Apartment in Manhattan. Closed in August, 2020.
$3.8 Million Refinance of Apartment Building in Manhattan, NY. Closed in June, 2020.
$6 Million Acquisition of Hotel in Rutland County, Vermont. Closed in June, 2020.
$2.8 Million Acquisition of Restaurant in Camden County, NJ. Closed in June, 2020.
$5.8 Million Acquisition of apartment in Manhattan. Closed in June, 2020.
$3 Million Refinance of Commercial Property in Essex County. Closed in May, 2020.
Current Developments is a seasonal newsletter provided by First American Title Insurance Company to its agents, covering the latest developments in the state of New York. We would like to share this information with you, so that you can better serve your clients. Some of the topics covered in this newsletter include: Cemetery Lands Commercial […]
There is a major change to tax searches concerning NYC Water and Sewer Charges. Going forward, the search will disclose only the current account balance and will not indicate the period covered, or the prior water usage and billing history. This is because New York City’s Department of Finance (“DOF”) and Department of Environmental Protection (“DEP”) have […]
Current Developments is a seasonal newsletter provided by First American Title Insurance Company to its agents, covering the latest developments in the state of New York. We would like to share this information with you, so that you can better serve your clients. Some of the topics covered in this newsletter include: Equitable Subrogation/Statute of […]
$51.3 Million Acquisition of Apartment in Manhattan. Closed in March, 2020.
$4.5 Million Acquisition of Apartment Building in Manhattan. Closed in March, 2020.
$42.3 Million Acquisition of Commercial Property for Construction of Assisted Living Facility in Atlantic County, NJ. Closed in March, 2020.
$6.4 Million Refinance of Industrial Building in Albany County, NY. Closed in February, 2020.
On April 9, 2020 the IRS issued Notice 2020-23. This Notice extended many deadlines for taxpayers affected by the COVID-19 pandemic including Section 1031 exchange time deadlines. This Notice provides that any person performing a time-sensitive action listed in either § 301.7508A-1(c)(1)(iv) of the Procedure and Administrative Regulations or Revenue Procedure 2018-58, 2018-50 IRB […]
Redemption of tax sale certificates [“TSCs”] can present difficulties for buyers and sellers, as well as for their attorneys and title companies. N.J. Title Practice, §101.17 (4th Ed. 2016) discusses issues relating to the redemption of TSCs. The process was made more complex as a result of the decisions of the New Jersey Supreme Court […]
$15.7 Million Acquisition of Apartment in Manhattan. Closed in February, 2020.
$8.9 Million Acquisition of Care Facility in Allegheny County, PA. Closed in February, 2020.
Current Developments is a seasonal newsletter provided by First American Title Insurance Company to its agents, covering the latest developments in the state of New York. We would like to share this information with you, so that you can better serve your clients.Some of the topics covered in this newsletter include: Condominiums/Common Elements Condominiums and […]
$19.4 Million Refinance of Hotel in Suffolk County, NY. Closed in January, 2020.
$7.2 Million Refinance of Apartment Building in Nassau County, NY. Closed in January, 2020.
New York State has published an updated TP 584 Form for use on all transfers of interest in real property. A copy of the form can be accessed here. Effective immediately the current form must be used for all real property transfers in New York State. If you have any questions about Title Insurance or […]
$12 Million Refinance of Commercial Building in Manhattan. Closed in December, 2019.
$3 Million Refinance of Industrial building in Essex County, NJ. Closed in December, 2019.
Current Developments is a seasonal newsletter provided by First American Title Insurance Company to its agents, covering the latest developments in the state of New York. We would like to share this information with you, so that you can better serve your clients. Some of the topics covered in this newsletter include: Adverse Possession/Bona Fide Encumbrancer […]
$2.3 Million Acquisition of Apartment in Manhattan. Closed in December, 2019.
$3.2 Million Acquisition of Restaurant in Gloucester County, NJ. Closed in December, 2019.
$3.4 Million Acquisition of Restaurant in Middlesex County, NJ. Closed in December, 2019.
$4.75 Million Refinance of Apartment Building in Manhattan. Closed in December, 2019.
Please be advised that the Division of Taxation has recently posted revised GIT/REP 1, 3 and 4 forms on its website. As you are aware the New Jersey Gross Income Tax Act enacted in 2004 requires non-resident individuals, estates and trusts selling New Jersey real estate to pay estimated income taxes at the time of […]
$2.5 Million Acquisition of a Restaurant in Camden County, NJ. Closed in December, 2019.
$2.85 Million Acquisition of Restaurant in Gloucester County, NJ. Closed in December, 2019.
$32 Million Acquisition of Hotel in Cuyahoga County, Ohio. Closed in December, 2019.
$11.25 Million Acquisition of a Hotel in Beaufort County, SC. Closed in December, 2019.
$3 Million Acquisition of Apartment Building in Bergen County, NJ. Closed in November, 2019.
$2.7 Million Acquisition of a Restaurant in Camden County, NJ. Closed in November, 2019.
$2.9 Million Acquisition of Restaurant in Monmouth County, NJ. Closed in November, 2019.
$2.8 Million Acquisition of Restaurant in Burlington County NJ. Closed in November, 2019.
$5 Million Acquisition of a Restaurant in Queens County, NY. Closed in November, 2019.
$4 Million Acquisition of Industrial Building in Essex County, NJ. Closed in November, 2019.
$39 Million Acquisition for construction of assisted senior living in Atlantic County, NJ. Closed in October, 2019.
$2.4 Million Acquisition of a Restaurant in Camden County, NJ. Closed in October, 2019.
Current Developments is a seasonal newsletter provided by First American Title Insurance Company to its agents, covering the latest developments in the state of New York. We would like to share this information with you, so that you can better serve your clients.Some of the topics covered in this newsletter include: Action to Quiet Title/Mortgage […]
$4.3 Million Acquisition of a Restaurant in Morris County, NJ. Closed in October, 2019.
$17.5 Million Refinance of Commercial Building in Manhattan. Closed in September, 2019.
$18 Million Refinance of Apartment Building in Camden County, NJ. Closed in September, 2019.
$17.2 Million Refinance of Commercial Property in Somerset County, NJ. Closed in August, 2019.
On September 20, 2019 we sent a newsletter regarding the new Tax Law in NYC, effective immediately, regarding LLC’s involved in residential real estate transactions. To view the newsletter, click here. THE LAW HAS NOT CHANGED. There still is no official form. However, you really NEED this Update. The State Department of Taxation and Finance posted […]
$7 Million Refinance of Apartment Building in Manhattan. Closed in September, 2019.
$19.7 Million Purchase of a Hotel in Montgomery County, PA. Closed in September, 2019.