Brooklyn Real Estate Lawyer Peter Zinkovetsky Discusses the Common Problems in NYC Commercial Real Estate

November 29, 2022 at 16:57

Brooklyn real estate lawyer Peter Zinkovetsky (https://www.avenuelawfirm.com/brooklyn-real-estate-lawyer/) releases a new article explaining the common problems in NYC commercial real estate. The lawyer mentions that Brooklyn is a historic part of New York City and home to one of the most competitive real estate markets on the East Coast of the US.

“Brooklyn has attracted many new real estate investors over the past several years, and the real estate market in Brooklyn is one of the busiest in the state of New York. Unfortunately, this high level of activity has enabled malfeasance to unfold in various ways throughout Brooklyn. Additionally, changes in property values have led to significant fluctuations in property taxes in the area,” the Brooklyn real estate lawyer says.

Brooklyn real estate lawyer

The lawyer mentions that New York enforces various statutes and regulations when it comes to the real estate market. Because of this, many people have a hard time navigating the market without hiring a legal professional. A real estate transaction in Brooklyn can have more issues than what an average person might expect, so having a skilled lawyer is very important.

Attorney Peter Zinkovetsky says that one of the biggest challenges for buyers and sellers in Brooklyn is the sheer volume of the market. Finding the right property can be difficult, but finding one with a reputable seller behind it can be even more challenging. However, real estate scams can be common and it is possible for one party to be confused about the details of the transaction.

In the article, the lawyer adds, “Even when a transaction is entirely legitimate, a buyer or seller might encounter unexpected problems that significantly influence the outcome of their transaction. Different types of real estate transactions pose different issues to the parties involved in a transaction, and a buyer or seller may be unprepared to address these variables without legal counsel. For example, the process of buying a condominium in Brooklyn is very different than selling a home, and commercial real estate transactions can pose various issues concerning zoning and property taxes.”

Lastly, attorney Zinkovetsky encourages emphasizes the importance of having an attorney when dealing with real estate transactions in New York City. Having a skilled lawyer can help a client understand their rights and ensure that they are making the best out of their transaction.

About Avenue Law Firm

Peter Zinkovetsky is the founder of Avenue Law Firm. He is an experienced and highly-rated New York attorney who represents local and international clients. Attorney Zinkovetsky teaches continuing education courses, writes a legal blog, has written articles for the New York Real Estate Journal, and is often invited to participate and present at conferences in the US and worldwide. His team of legal professionals at Avenue Law Firm has helped families regarding real estate matters. Call Avenue Law Firm today at (866) 630-1038 for more information on how they can help with real estate transactions

Avenue Law Firm

99 Park Ave 10th Floor, New York, NY 10016, United States

(212) 729-4090

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For more information about Avenue Law Firm, contact the company here:

Avenue Law Firm
Peter Zinkovetsky
(212) 729-4090
peter@avenuelawfirm.com
Avenue Law Firm
99 Park Ave 10th Floor, New York, NY 10016, United States

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