Michael T. Reilly devotes his practice to real estate, construction, finance, landlord tenant litigation, and probate matters.
Michael advises cooperative and condominium boards and homeowner associations on corporate governance, financing, construction contracts, commercial leases, regulatory compliance, utility procurement, and insurance recovery matters. He also provides general counsel advice to not-for-profit corporations that provide supportive housing and social services to elderly, economically disadvantaged, and developmentally disabled residents.
Michael represents corporate entities, individuals, and trusts in the purchase, sale, and lease of commercial properties, condominium units, cooperative apartments, loft spaces, time-share properties, single and multi-family homes, and undeveloped land. He helps owners obtain acquisition financing and negotiate the refinancing and restructuring of underlying mortgages and lines of credit. He advises real estate investors in Internal Revenue Code Section 1031 like-kind exchanges.
Michael represents “Mitchell-Lama” cooperative corporations regulated by the New York City Department of Housing Preservation and Development and the New York State Division of Housing and Community Renewal. He negotiates regulatory agreements extending affordability requirements and tax benefits in exchange for subsidized financing and grant funding. He counsels Mitchell-Lama cooperative corporations on conversions under Article XI of the New York Private Finance Housing Law and the New York Business Corporation Law. Additionally, He counsels Housing Development Fund Companies and entities supervised by the United States Department of Housing and Urban Development. He secures grant funding for affordable housing clients through the New York City Council Discretionary Funding Program and the New York State Dormitory Authority.
Michael drafts construction contracts for projects involving façades, balconies, roof replacements, mechanical system upgrades, cogeneration, boiler replacements, gas conversions, solar panel installations, window replacements, lobby and hallway upgrades, hazardous material abatement and removal. He negotiates professional services contracts for architects, engineers, owner’s representatives, construction managers, site safety managers, and environmental consultants; represents buildings during the transition of managing agents, security guard companies, laundry providers and building maintenance providers; and advises owners in the installation and upgrade of building technology systems.
