Formed in 1995 by Joseph S. Petrillo, Esq. and John M. Martin, Esq., and headquartered in White Plains, the goal was to create a full service commercial boutique title company which would provide extraordinary service to a select group of sophisticated clients, accomplished by providing ready access to a highly skilled team of lawyers and a cross trained support group who were well trained and familiar with the sophisticated underwriting requirements and knowledgeable of the specific needs of the individual clients.
In the 27 years since the company was founded, All New York Title has earned a professional reputation as one of the leading companies in the industry, providing superior quality Commercial and Residential underwriting and closing services. The company has developed a special practice area in affordable housing and has significant experience closing tax credit, bond financing and transferable development rights transactions.
The company represents four national insurance underwriters: Old Republic Title, First American Title, Fidelity National Title and Stewart Title Insurance Companies and with five full time attorneys representing over 100 years of experience in the title insurance and real estate industry, All New York Title Agency provides expertise in the clearing and closing of multi-million dollar and multi-property transactions. Our legal staff is supported by highly trained and motivated personnel. Complete and accurate title reports are consistently delivered in a timely manner.
While the company maintains a substantial base of residential sale/resale transactions, it has continued to focus its energy in the commercial area. As a result of the experience and expertise of its principals Joseph S. Petrillo and John M. Martin, the company has developed a reputation as one of the leading title insurance providers in Metropolitan New York in the areas of workforce, supportive and senior housing.
The structure of many of these transactions requires the issuance of complex title coverages with sophisticated endorsements. In addition, multiple funding sources, including but not limited to city, county and state programs, the sale of low income tax credits, tax exempt bond financing and long term ground leases, require special expertise to understand the specific title insurance needs of the funding sources.
In addition, Petrillo and Martin have been successful in assisting clients to minimize New York State Transfer Tax, New York City Real Property Transfer Tax and Mortgage tax. They have closed many transactions in the New York Metropolitan area with local housing authorities, industrial development agencies, housing development fund corporations, religious and other not for profit organizations. Petrillo indicated he or Martin usually close these complex commercial titles themselves and that it is not unusual for the closings to extend late into the evening or even early in to the next morning.
The company has successfully completed many transactions requiring expertise in the areas of transferable development rights, defeasance closings, new condominium development, and large office and commercial projects located throughout the State of New York and The United States.