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Commercial Condominiums

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Our real estate lawyers regularly create commercial fee and leasehold condominiums to help clients navigate a mixed use/mixed ownership building. The condominium structure has the advantage of creating separate tax lots for the property and providing easements and insurance regimes to permit the building to operate efficiently. Separate tax lots permit non-profit unit owners by reducing the tax burden.

Condominiums of ground leased parcels are permitted under New York law and our lawyers are experienced with the intricacies of their creation and enforcement.

Contact Eric L. Goldberg, Thomas D. Kearns or Samuel P. Ross if you are interested in creating, managing or enforcing rights under a commercial condominium.
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