In the last month, we represented two separate purchasers in connection with transactions involving high end residential co-op units. In one transaction, we represented the purchaser of a $3.9 million co-op unit as well as the private bank which issued a $2 million loan secured by the unit. In another, we represented a sophisticated investor who acquired a $4 million co-op unit. In that transaction, the purchaser was obligated to renovate the electrical systems pertaining to the unit and, on short notice, we were able to successfully negotiate a fair and reasonable agreement which all sides were comfortable with. These matters were handled by Michael J. Romer.
High End Co-op Properties on the Move. Recently Represented Purchasers of Two Separate $4 million Co-op Unit
- During Lockdown, Residential Dept & Banking Dept Work Together to Close $2.7 Million Condo Purchase with Purchase CEMA
- Romer Debbas LLP Represents Purchaser on Acquisition of Famed Forbes Townhouse
- Romer Debbas LLP Negotiates Substantial Buy-out for Upper East Side Tenant
- Represented Seller of $7,775,000.00 Townhouse Which Came with 99 Year Lease to Outdoor Space
- Represented Purchaser of $17,000,000.00 new development condominium unit at 520 Park Avenue.
- Represented Purchaser of Record Setting $37,200,000.00 Townhouse in Greenwich Village
- Represented Non U.S. Investor in Purchase of $16 million condominium apartment
- Represented Seller $34 Million Condo Sale
- Represented Singaporean Investor in $9 Million Condop Acquisition
- Represented Seller of Unique 17.5 Million Townhouse Involving Multiple Hurdles
- Represented Client from Hong Kong in Connection with 4 Million Condominium Acquisition & Post Closing Property Management
- Obtaining Co-op Board Approval for Foreing Buyer Not Impossible – Represented Brazilian Purchaser of $7.6 Million Co-op Unit
- Represented Investors from Singapore and Qatar Each Purchasing 2.5 Million Condo Units in the Same Building. Handled Acquisition & Subsequent Leasing to Tenants
- The Save a Deal, Romer Debbas Drafts Revised Budget to Satisfy Fannie Mae 10% Line Item Requirement
- In One Transaction, Represented Purchaser of $7,650,000.00 Townhouse, Private Bank Issuing $7,000,000.00 Construction Loan, and Negotiated AIA Agreements
- Application to FDIC Needed to Clear Lien Held by Bankrupt Lending Instition in Order to Save a Sale
- Purchase and Combination of a Coperative Unit
- Time of the Essence Letter Enforces Sale on a $8,000,000 Residential Property in Less Than 24 Hours