Do You Ever Wonder...The Hallmark Abstract Service Podcast

Legal Insights: Navigating NYC's Multifamily Market with Tina Miraglia, a Sponsor-Focused Commercial Real Estate Lawyer

March 04, 2024 Michael Haltman/Tina Miraglia DL Partners Season 4 Episode 7
Do You Ever Wonder...The Hallmark Abstract Service Podcast
Legal Insights: Navigating NYC's Multifamily Market with Tina Miraglia, a Sponsor-Focused Commercial Real Estate Lawyer
Show Notes

The Do You Ever Wonder Podcast Welcomes Tina Miraglia, Real Estate Partner/Member of the Firm DL Partners!

Representing major national developers, Tina knows the ins and outs of defending the legal position of those who are building projects, and who will be selling units to individuals and investors before and after project completion.

As an attorney representing a sponsor of a new construction multifamily building in NYC, particularly one involved in selling units, Tina addresses a variety of legal issues to protect her client's interests. Some of these issues may include:

  1. Contract Drafting and Negotiation: Drafting and negotiating contracts with contractors, architects, and other parties involved in the construction process to ensure favorable terms and protect the sponsor's interests.
  2. Regulatory Compliance: Ensuring compliance with NYC building codes, zoning regulations, environmental laws, and other regulatory requirements throughout the construction process.
  3. Title and Property Rights: Conducting thorough title searches, resolving any title issues, and ensuring clear property rights for the sponsor and future buyers of the units.
  4. Financing and Securities Laws: Advising on financing options, structuring loan agreements, and complying with securities laws if the sponsor is raising capital from investors to finance the project.
  5. Construction Contracts and Liabilities: Reviewing and negotiating construction contracts to protect against potential disputes, delays, cost overruns, and liabilities during the construction phase.
  6. Sales Contracts and Disclosures: Drafting sales contracts and disclosure documents for unit buyers, ensuring compliance with applicable laws and regulations, and disclosing any material defects or risks associated with the property.
  7. Condominium or Cooperative Conversion: Assisting with the conversion of the multifamily building into condominiums or cooperatives, if applicable, including drafting offering plans, bylaws, and other legal documents.
  8. Tax Considerations: Advising on tax implications for both the sponsor and unit buyers, including property taxes, transfer taxes, and potential tax incentives or abatements.
  9. Warranties and Insurance: Negotiating warranties from contractors and subcontractors, advising on insurance coverage for the construction project and the units, and addressing any insurance claims or disputes.
  10. Dispute Resolution and Litigation: Representing the sponsor in legal disputes, including construction disputes, contract disputes, and any litigation that may arise during or after the construction process.

How can you reach Tina Miraglia?
Email: bmiraglia@dlpartnerslaw.com
Phone: (212) 564-9800 Ext: 401
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