FinCen Targeting Orders Extended Through 2017
The Financial Crimes Enforcement Network (FinCen), a division of the US Treasury Department, recently extended targeting orders that went into effect earlier this year. The orders were intended to combat money laundering schemes by identifying individuals behind companies and other entities purchasing real estate. The Targeting Orders will now remain in effect until February 23, 2017 unless further amended in the future.
Beginning August 28, 2016, these Orders were also extended beyond Manhattan and into the other Boroughs of New York City, as well as some counties in California, Florida, and Texas. To find out more, see this announcement from the FinCen website.
WHFirm Attorney Speaks at Financial Fitness Workshop
Congratulations to Weidenbaum & Harari’s own Caroline Malapero, who was selected to speak at the 14th Annual Financial Fitness workshop, organized by the Financial Planning Association of New York, on October 1. Caroline took part in a panel to discuss the financial merits of buying and renting Real Estate property in New York. For further information, please see the FPANY website.
WHFirm Client Profiled in New York Times
Congratulations go out to Anthony Morena, a client of Weidenbaum & Harari, who was recently profiled in the New York Times for his condominium development projects in Brooklyn.
His recent piece in the New York Times highlights how condos in Brooklyn are proliferating, and how he is remaking his old Brooklyn neighborhood of East Williamsburg one building at a time. See the article here to see how Mr. Morena is using a “vinyl revival” approach.
NYC Real Estate Attorney’s Closing Report: June 2016
Just a few of our recent closings. If you are also looking to buy or sell at these property addresses, you might want to give us a call.
Property | Value | Transaction |
180 West 58th Street, NY, NY | $1,100,000 | Coop Purchase |
88-17 51st Avenue, Elmhurst, NY | $459,000 | Condo Purchase |
44 June Road, North Salem, NY | $699,000 | House Refinance |
185 Withers Street, BK, NY | $1,800,000 | House Sale |
235 West 75th Street, NY, NY | $7,200,000 | Condo Purchase |
56 Jane Street, NY, NY | $505,000 | Coop Sale |
313 Adelphi Street, BK, NY | $600,000 | House CEMA Refinance |
160 West 87th Street, NY, NY | $1,360,000 | Coop Purchase |
200 East 94th Street, NY, NY | $1,250,000 | Condo Purchase |
106 Central Park South, NY, NY | $1,125,000 | Condo Sale |