Attorneys Profiles

Arthur M. Strauss

Position: Member

Address: Herzfeld & Rubin, P.C.
125 Broad Street, New York, NY, 10004

Phone: (212) 471-8472

Fax: (212) 344-3333

E-mail: AStrauss@herzfeld-rubin.com

Arthur M. Strauss is the chair of the Real Estate Department at Herzfeld & Rubin P.C. and has, for many years, specialized in the handling of complex commercial and residential real estate transactions in New York State and nationally. The scope of his participation as lead counsel in numerous local and national transactions has encompassed the structuring, negotiation and successful consummation of development projects involving the new construction and/or renovation of residential, office and retail properties, the organization, negotiation and structuring of complex joint ownership vehicles in the form of general and limited partnerships, limited liability companies, TIC Agreements, corporate shareholder agreements and the like.

His involvement in these real estate transactions spans the spectrum of the ownership, development and operation of properties, beginning with the acquisition and subdivision of large tracts of land or the acquisition, construction and/or renovation and conversion of existing buildings.

An essential part of each transaction, whether it be the acquisition and development of a vacant or unimproved parcel or the purchase of an existing income producing property, involves the financing of the project, the structuring of the ownership vehicle for each project, and the operational aspects of ownership including the leasing and management of same. A significant part of Mr. Strauss' practice focuses on the negotiation of complex construction loan documents and construction agreements and, in this capacity, Mr. Strauss has represented both lenders and borrowers, with the emphasis of his practice, more recently, focused on “borrower” representation. The types of loans handled by Mr. Strauss include securitized and syndicated loan transactions in connection with the acquisition, construction and development of projects, conventional permanent mortgage loan transactions, mezzanine loan transactions, “preferred equity” loan transactions, loan defeasance transactions, CMBC and REMIC loan modifications, and the refinancing and recasting of existing loans secured by traditional mortgages liens or collateralized by ownership interests in the projects.

The scope of Mr. Strauss' practice also encompasses the cooperative and condominium conversion of new and existing properties (both residential and commercial).

A significant portion of Mr. Strauss' practice involves the leasing of office and retail space in the City of New York and surrounding areas, and most recently has involved the leasing of large tracts of land in Long Island for both commercial and educational use. Mr. Strauss has also represented the interests of a number of high profile retail and restaurant clients, both domestic and foreign, in connection with their leasing of space in New York City and surrounding areas and, in a number of instances, their leasing of space in metropolitan areas in other states, e.g. Florida, Connecticut, Texas, Nevada and New Jersey. 

Mr. Strauss' many years of practice has afforded him the opportunity to represent many of the industrys’ renowned owners and developers in connection with their involvement in many high profile projects (primarily in New York City), numbered among which, in recent years, has been the acquisition and financing of the historic New York Times Building, the iconic Clock Tower Building and the renowned Apthorp residential project. Mr. Strauss was also intimately involved in the acquisition of one of New York City's largest waterfront projects known as The Edge in Williamsburg, Brooklyn.

Mr. Strauss has also been a member of several notable law organizations including The American Bar Association, The Association of the Bar of the City of New York, the New York State Bar Association,, the Nassau County Bar Association, and has also lectured on varying aspects of the practice of real property law, including several lectures that have been CLE certified.

125 Broad Street, New York, New York, 10004 - Phone: 212-471-8500 - Fax: 212-344-3333
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