Israel A. Katz

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Israel A. Katz, a Super Lawyers Rising Star for the years 2021-2023, is a Partner in the Firm’s Litigation Group and has significant litigation experience in both New York State and Federal Court in a broad range of real estate related matters, including disputes in connection with commercial leasing, complex real estate joint ventures, title issues such as ownership, priority, and boundary disputes, construction and construction related financing, and condo and cooperative management and construction related issues. Mr. Katz routinely drafts pleadings, substantive motions, and discovery related documents, regularly conducts and defends depositions and appears for court conferences and oral argument in connection with these matters.

Some of Mr. Katz’s recent victories and accomplishments for the Firm’s clients, include:

• Successfully obtained post-answer dismissal of condominium owner purchaser construction-related claims of anticipatory breach of contract, breach of contract, fraud in the inducement and fraudulent conveyance;
• In two recent commercial purchase and sale agreement disputes involving two commercial properties in the Bronx and Brooklyn, successfully terminated agreements and recovered the respective purchasers’ contract deposits from escrow;
• In a commercial lease dispute in the United States District Court for the Southern District of New York, successfully obtained awards of summary against lease guarantor in excess of $5MM plus legal fees. Notably, the District Court and the Second Circuit Court of Appeals rejected lease guarantor’s arguments that the broad third party release in the commercial tenant’s bankruptcy plan relieved guarantor of liability under the guaranty;
• Represented joint venture partner in mediation and arbitration and ultimately settlement of a highly contested business divorce arbitration and dissolution of a partnership. As part of the deal, the joint venture partners swapped like-kind properties in a 1031 exchange to defer hundreds of thousands of dollars in capital gain taxes which would have been incurred by our client from the transaction;
• Recovered millions of dollars in rent and additional rent arrears on behalf of commercial landlords by defeating commercial tenant Covid-19 related defenses of frustration of purpose, impossibility of performance, and force majeure;
• Negotiated portfolio-wide favorable settlement agreements with commercial tenants in connection with disputed compliance with law Local Law-26 sprinkler upgrades performed by commercial landlord;
• In a commercial lease dispute, successfully obtain Yellowstone Injunctive relief for ground lease tenant, carving out an important exception to New York’s Yellowstone injunction jurisprudence involving insurance-related defaults;
• Secured summary judgment in favor of judgment creditor bank clawing back fraudulent conveyances from insolvent judgment debtor;
• As litigation counsel to a real estate investor and developer successfully negotiated and secured global separation agreement from joint venture partner credibly accused of fraudulently diverting millions in construction loan proceeds;
• In a contested foreclosure action, successfully defended synagogue property owner against foreclosed owner’s challenges to synagogue’s title and secured judgment of possession and eviction of foreclosed-upon former owner;
• In a commercial lease dispute, successfully defended midtown Manhattan law firm facing eviction from developer landlord ultimately securing hefty buyout from landlord;
• Co-authored and published two articles on easement law in the nationally distributed American Bar Association’s Probate and Property Magazine.

Publications

• Author, Maximizing your Leverage as a Buyer: How Equitable Vendee’s Lien and Notice of Pendency Protect Real Estate Purchasers, the BBG Update, Spring 2023
• Co-Author, Cold Comfort: Ice Cream Store Lease Guarantor Not Shielded from Liability Under NYC’s Guaranty Law, the BBG Update, Autumn 2022
• Co-Author, Federal Court Awards Fifth Avenue Landlord Multi-Million Dollar Judgment for Rent Arrears, the BBG Update, Spring 2022
• Author, In a Boon for Commercial Landlords, Recent Court Decisions Reject Tenant Covid-19-Related Defenses, the BBG Update, Spring 2021;
• Co-Author, Terminating Easements in States East of the Mississippi River, ABA Probate and Property Magazine, July 2017;
• Author, The Legal Climate on Climate Change: The Fate of the EPA’s Clean Power Plan After Michigan and UARG, Brooklyn Journal of Corporate, Financial & Commercial Law, June 2017;
• Co-Author, Analyzing Easement Laws and Cases in States East of the Mississippi River, ABA Probate and Property Magazine, Jan. 2017;
• Co-Author, Finally Some Stability to Portability, The Small Business Journal, October 2014;
• Author, Yesodai Habayis, April 2012 (Netzach Publishers);
• Co- author, Piercing the Corporate Veil and Voiding Fraudulent Conveyances in Commercial Lease Litigation and Judgment Enforcement, The BBG Update, Spring 2024.

Recent Published Decisions

• 958 Avenue of Americas, LLC v. Abasic S.A., No. 21-cv-10348 (JPO) (S.D.N.Y. September 29,2023);
• Blitz v. BLDG Management Co., Inc., No 20-cv-5462 (RA) (S.D.N.Y. September 21, 2023);
• Rossa v. RHR 160, LLC, 2023 NY Slip Op 33230 (Sup. Ct., New York County, September 14, 2023);
• 605 Fifth Prop. Owner, LLC v. Abasic, S.A., No. 22-0945 (2d Cir., Jul 10, 2023);
• NTS W. U.S. Corp. v. 605 Fifth Ave. Prop. Owner (In re NTS W. U.S. Corp.), No. 21-2240 (2d Cir., Oct. 18, 2022);
• 605 Fifth Prop. Owner v. Abasic, S.A., 21-cv-811 (DLC) (S.D.N.Y. Apr. 27, 2022);
• Lex Retail, LLC v. 71st St.-Lexington Corp., 2020 N.Y. Slip Op. 31457[U] (Sup Ct, New York County 2020);
• Foster v. Corona Park Realty Inc., 2019 N.Y. Slip Op. 33324[U] (Sup. Ct. New York County 2019);
• Adjuva LLC v. Williamsburg 39 LLC, 2018 NY Slip Op 31913(U) (Sup. Ct., Kings County, 2018).