Steven R. Frankel advises clients on all aspects of real estate transactions, including sales and acquisition of commercial and residential real estate and interests in real estate, sale/lease-back transactions, financings representing both lenders and borrowers, real estate partnership syndications, real estate joint ventures and real estate limited liability companies, cooperative and condominium conversions, ground leases, and all forms of commercial leasing.
Among other transactions, Steven arranged the sale of a major New York City office building by a co-partnership in which one selling partner retained fee title to the property which was ground-leased to a third party who also acquired the fee title to the building. Subsequently, Steven handled a financing of the fee to the land and represented the owner during the tenant’s bankruptcy. Steven has been involved in representing borrowers under securitized mortgage loan packages and Freddie Mac borrowings, as well as the sale of high-rise residential projects under the New York Mitchell Lama program.
Steven has also been involved in the supervisory management of real estate partnership investments that involve supervision of on-site managers, partnership asset management and arranging for property financing. These managerial activities include a 640-unit garden apartment complex in the Midwest of which 180 units were rehabilitated and sold as condominium units; a series of warehouse and industrial buildings in Buffalo, New York, and a shopping center mall and garden apartments in the Southeast.
Prior to joining Zeisler PLLC as partner in January 2016, Steven was a partner and counsel with Satterlee Stephens Burke & Burke LLP in New York (2000 – 2015), a partner with Parson and Brown LLP (1994 – 1999), counsel with Whitman & Ransom (1990 – 1994), and a partner and associate with Golenbock and Barell (1964 – 1990).
Steven earned his undergraduate degree (B.S.) from the University of Pennsylvania-Wharton School, his law degree from the University of Pennsylvania (LL.B.), and a masters degree from the New York University School of Law (LL.M. Taxation).