More About The Company

The goal was to create a full service commercial boutique title company which would provide extraordinary service to a select group of sophisticated clients. This was to be 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. 

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, and with the addition of Augustine Arena, Esq., Kelly Abe Kamen, Esq., and Jennifer Hernandez, Esq., 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.

All New York Title is presently working with or has closed transactions with the following governmental entities:

  • Freddie Mac

  • Hempstead Housing Authority

  • Housing Trust Fund Corporation

  • Mount Vernon Industrial Development Agency

  • Mount Vernon Urban Renewal Agency

  • Municipal Housing Authority of the City of Yonkers

  • New Rochelle Municipal Housing Authority

  • (NYC HPD) New York City Department of Housing Preservation and Development

  • (NYC EDC) New York City Economic Development Corporation

  • (NYCHA) New York City Housing Authority

  • (NYC HDC) New York City Housing Development Corporation

  • New York City Housing Partnership Corporation

  • (DHCR) New York State Division of Housing & Community Renewal

  • (HFA) New York State Housing Finance Agency

  • North Tarrytown Housing Authority

  • Orange County Industrial Development Authority

  • Putnam County Industrial Development Agency

  • SONYMA

  • United States Department of Housing & Urban Development

  • Westchester County

  • Westchester County Industrial Development Agency

  • Yonkers Industrial Development Agency