News: Spotlight Content

2016 Year in Review: Kelly Gedinsky, Winick Realty Group LLC

Kelly Gedinsky, Winick Realty Group LLC Kelly Gedinsky, Winick Realty Group LLC

Name & Title:  Kelly Gedinsky, Senior Director

Company Name: Winick Realty Group LLC

What was your most notable project, deal, transaction or professional achievement in 2016?

2016 has been an exciting year overall, but I would have to say that leasing 5 East 59th St. to Snapchat would be the most notable deal of this year. When Darrell Rubens, Lee Block and I began marketing the building, we had always envisioned an experiential retail who would utilize the building’s branding as part of the deal. Eventually we were able to share our vision with the CEO of Snapchat and not only did he agree, but he fell in love with the idea. Snapchat launched their first product, Spectacles, in the location, and so far the lines have been so long that it has created a media sensation. As a broker, there is nothing more satisfying than procuring a brand new brand and having the location we chose become a tremendous success for that new brand. 

MORE FROM Spotlight Content

Over half of Long Island towns vote to exceed the tax cap - Here’s how owners can respond - by Brad and Sean Cronin

When New York permanently adopted the 2% property tax cap more than a decade ago, many owners hoped it would finally end the relentless climb in tax bills. But in the last couple of years, that “cap” has started to look more like a speed bump. Property owners are seeing taxes increase even when an
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Oldies but goodies:  The value of long-term ownership in rent-stabilized assets - by Shallini Mehra

Oldies but goodies: The value of long-term ownership in rent-stabilized assets - by Shallini Mehra

Active investors seeking rent-stabilized properties often gravitate toward buildings that have been held under long-term ownership — and for good reasons. These properties tend to be well-maintained, both physically and operationally, offering a level of stability
The strategy of co-op busting in commercial real estate - by Robert Khodadadian

The strategy of co-op busting in commercial real estate - by Robert Khodadadian

In New York City’s competitive real estate market, particularly in prime neighborhoods like Midtown Manhattan, investors are constantly seeking new ways to unlock property value. One such strategy — often overlooked but
Properly serving a lien law Section 59 Demand - by Bret McCabe

Properly serving a lien law Section 59 Demand - by Bret McCabe

Many attorneys operating within the construction space are familiar with the provisions of New York Lien Law, which allow for the discharge of a Mechanic’s Lien in the event the lienor does not commence an action to enforce following the service of a “Section 59 Demand”.
How much power does the NYC mayor really have over real estate policy? - by Ron Cohen

How much power does the NYC mayor really have over real estate policy? - by Ron Cohen

The mayor of New York City holds significant influence over real estate policy — but not absolute legislative power. Here’s how it breaks down:

Formal Legislative Role

Limited direct lawmaking power: The NYC Council is the primary