Steven R. Frankel

Experience:

Steven R. Frankel is of counsel to Satterlee Stephens Burke & Burke LLP. 

Mr. Frankel is engaged in all aspects of real estate transactions, including sales and acquisition of real estate and interests in real estate, sale/leaseback 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.

Mr. Frankel 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, Mr. Frankel handled a financing of the fee to the land and represented the owner during the tenant’s bankruptcy.  Mr. Frankel has been involved in representing borrowers under securitized mortgage loan packages and Freddie Mac borrowings.

Mr. Frankel has also been involved in the supervisory management of real estate partnership investments which 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.

Mr. Frankel is admitted to practice in New York (1964) and before the United States Tax Court (1966).
Education

Education:

Mr. Frankel earned his undergraduate degree (B.S., 1961) from University of Pennsylvania-Wharton School, his law degree from University of Pennsylvania (LL.B., 1964), and a masters degree from New York University (LL.M. Taxation, 1970)