BSPE Legal Marketing Podcast

What Is a Due Diligence Review in NYC Real Estate? - Natalia A. Sishodia

• Natalia A. Sishodia • Season 5 • Episode 156

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From Sishodia PLLC - What Is a Due Diligence Review in NYC Real Estate? This episode breaks down the critical steps buyers must take when purchasing property in Manhattan or across New York City, explaining how due diligence reviews uncover legal and financial risks before a contract is signed. Listeners are guided through the essentials of real estate transactions in NYC, including the role of attorneys, timelines, and why this process is a non-negotiable safeguard for any serious investment.

Hosted with insights drawn from the work of Natalia Sishodia, this discussion explores how attorneys analyze building financial statements, board minutes, offering plans, and public records to verify a seller’s claims. The episode highlights key institutions and systems like the New York City Department of Buildings (DOB), BIS, DOB NOW, and the New York State Attorney General, emphasizing how each plays a role in ensuring transparency and compliance in complex NYC property deals.

The conversation also dives into the differences between co-op and condo purchases in Manhattan, Queens, Brooklyn, and the Bronx, including how ACRIS records and the Richmond County Clerk factor into title searches. Listeners will gain clarity on ownership structures, board approvals, financial risks, and how due diligence strategies shift depending on the property type, giving buyers a clearer understanding of what they are truly purchasing.

Finally, the episode outlines common red flags such as open DOB violations, pending litigation, low reserve funds, and unpermitted alterations, showing how skipping due diligence can lead to costly consequences. With a focus on protecting investments in one of the world’s most competitive real estate markets, this podcast equips buyers with the knowledge needed to make informed, confident decisions before closing.


Sishodia PLLC

600 3rd Ave 2nd floor, New York, NY 10016, United States

(833) 616-4646

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