Blog Archives

Represented Singaporean Investor in $9 million Condop Acquisition

In March 2015, Romer Debbas LLP successfully closed a $9,000,000.00 purchase of a condop apartment for an investor from Singapore. This transaction spanned almost 2 years and involved the creation of both a New York Limited Liability Company and a corporation formed in the British Virgin Islands. The matter was handled by Michael J. Romer, […]

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Closed $135 million Sale for Not for Profit Client

In December, 2014, Romer Debbas, LLP successfully represented the seller, United Cerebral Palsy of New York City, in the sale of 122 East 23rd Street, New York, New York. This matter was handled by Sharon Zimmer, Esq., a partner of the firm.

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IRA Trusts & Life Insurance Trusts Created to Address Clients’ Unique Estate Planning Needs

Romer Debbas LLP recently assisted some clients with unique estate planning needs. As part of overall estate planning and in addition to basic will preparation, the firm was able to set up both a Life Insurance Trust and an IRA Trust for two separate clients with very specific needs. Both matters were handled by our […]

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Represented Client from Hong Kong in Connection with 4 Million Condominium Acquisition & Post Closing Property Management

Romer Debbas LLP represented a non-US client from Hong Kong in connection with a purchase of a $4.0 million condominium apartment. In order to shield the client from significant estate tax liability, the firm was able to create a New York limited company wholly owned by a new created British Virgin Islands (BVI) company. After […]

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Assisted Church in Restoring Tax Exemption and Not For Profit Status

Romer Debbas, LLP handles pro-bono matters on an annual basis. One of our pro-bono clients is a church who recently lost their tax exempt status for real estate taxes. The NYC Department of Finance deems certain religious institutions which one property for not-for-profit purposes to be exempt from the collection of real estate taxes. This […]

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Represented Commercial Lender in Connection 12 Million Loan Secured by Five Properties

Romer Debbas LLP recently represented a prominent commercial lender in connection with a $12 million loan transaction. The loan was secured five (5) separate commercial buildings and involved numerous leases and multiple title searches. The firm was able to coordinate the assignment of all existing mortgages and successfully close this loan within sixty (60) days. […]

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Represented Seller of Unique 17.5 Million Townhouse Involving Multiple Hurdles

Romer Debbas LLP recently represented a client in connection with the sale of a $17.5 million townhouse. This transaction involved a unique property which included a cell tower on the roof. This transaction was years in the making and involved relocating numerous residential tenants, negotiations with the cell tower operator, and numerous building department approvals. […]

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Represented Australian Investor in Connection with Land Acquisition for 20 Unit Condo Project

Romer Debbas, LLP recently represented an investor from Australia who acquired a commercial property in Brooklyn with the plan to tear down the property and develop a 20 unit condominium project. At the time, the property was already under contract with another buyer who was a foreign real estate fund. The initial buyer was having […]

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Represented Private Bank in Connection with Multi-State $4 million Credit Facility

Romer Debbas LLP recently represented a prominent private banking division of a major institutional lender in connection with a $4 million credit facility secured by properties located within multiple states.  This transaction involved  the review of numerous title reports and the preparation of several state specific mortgages.  This matter involved a high profile client and […]

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Created LLC Owned by British Virgin Islands (BVI) Company for Condo Purchaser from Singapore

We recently represented a real estate investor from Singapore in connection with the purchase of a condominium unit worth approximately $1 million.  To provide the client with the tax structure it sought, the firm was able to establish a New York based  entity owned by a newly formed British Virgin Islands offshore company. This structure addressed […]

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Romer Debbas, LLP

275 Madison Avenue, Suite 801
New York, NY 10016
(212) 888-3100