Professional inspecting commercial building with clipboard and documents during property due diligence process
15 min read

The Complete Guide to Due Diligence and Closing on NYC Commercial Real Estate

Closing on NYC commercial real estate requires navigating zoning reviews, rent stabilization records, environmental reports, and complex tax structures before a deal can be finalized. This guide walks investors through every phase of due diligence, from initial property review to closing table. Whether you are a domestic private investor or a Korean foreign buyer entering the U.S. market, understanding these steps is essential to protect capital and maximize returns.

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Penn Plaza Property

Local Law 97 and Your NYC Building: Emissions Deadlines, Penalties, and Compliance Costs

Local Law 97 sets binding carbon emissions limits on NYC buildings over 25,000 square feet, with penalties starting at $268 per ton of excess CO2 beginning in 2024. This guide breaks down compliance deadlines, retrofit costs, and strategic options for property owners and investors navigating one of the most consequential building regulations in U.S. real estate history.

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Penn Plaza Property

A Breakdown of Closing Costs for Commercial Property Purchases in Manhattan

Closing costs on Manhattan commercial property purchases typically range from 4% to 6% of the purchase price, driven by New York's layered tax structure, legal requirements, and lender fees. Understanding each cost line before you close can prevent budget surprises and help you structure deals more effectively. This guide breaks down every major cost category buyers should expect.

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