Steven Gellerstein

Steven Gellerstein has been with the firm since 2001. He practices in the areas of commercial real estate and business law. His commercial real estate practice covers the acquisition, sale, and financing of real property. He has extensive experience in the closing of commercial mortgage loans in New Jersey and New York, representing borrowers and lenders. He also has extensive experience in representing clients in the closing of securitized loans in the CMBS market, having represented borrowers in closings with EuroHypo AG, Morgan Stanley, Bear Stearns, J.P. Morgan Chase, and Principal Financial, among others. Steven represents clients in deals both large and small, from the acquisition of small commercial office buildings to the conversion of a commercial office building into commercial condominiums to the acquisition of leases for over a million square feet of retail space for a national retailer. Steven has also closed many transactions that have involved the use of “like-kind” tax deferred exchanges (commonly known as “1031 exchanges”). Steven’s business practice involves the formation of business entities, the purchase and sale of interests in business entities, and the purchase and sale of business assets.

Education

• B.A., Public Affairs, State University of New York at Albany, 1990
• J.D., Benjamin N. Cardozo School of Law, 1993

Admitted to Practice

• New Jersey, 1993
• New York, 1994
• U.S. District Court of New Jersey, 1993
• U.S. District Court for the Eastern District of New York, 1995
• U.S. District Court for the Southern District of New York, 1997

Professional Memberships and Affiliations

• New Jersey State Bar Association
• International Council of Shopping Centers

Selected Presentations

• 13th Annual Business and Real Estate Developments Presentation, New Jersey Institute for Continuing Legal Education, February 2010
• 12th Annual Business and Real Estate Developments Presentation, New Jersey Institute for Continuing Legal Education, February 2009
• 11th Annual Business and Real Estate Developments Presentation, New Jersey Institute for Continuing Legal Education, February 2008
• 10th Annual Business and Real Estate Developments Presentation, New Jersey Institute for Continuing Legal Education, February 2007
• 9th Annual Business and Real Estate Developments Presentation, New Jersey Institute for Continuing Legal Education, February 2006
• 8th Annual Business and Real Estate Developments Presentation, New Jersey Institute for Continuing Legal Education, February 2005
• 7th Annual Business and Real Estate Developments Presentation, New Jersey Institute for Continuing Legal Education, February 2004
• 6th Annual Business and Real Estate Developments Presentation, New Jersey Institute for Continuing Legal Education, February 2003

Selected Publications

• “How To Maximize Your 1031 Exchange,” National Real Estate Investor, March 2010
• “Crafting Letters of Intent in Purchase Contracts,” Mid Atlantic Real Estate Journal, August 14, 2009
• “New Jersey Landlord’s Guide to Disposing of Property Abandoned by a Tenant,” New Jersey Law Journal, January 12, 2009

Activities

• Steven is involved in his community’s annual “Clean and Green” campaign, where residents devote one weekend per year to clean-up and beautify community parks and buildings.
• Steven in the Vice President of his synagogue’s Men’s Club. He is a founding member, and has served on the board for the past five years. In 2007, Steven and his wife were given the community service award at their synagogue’s 30th annual dinner.