News: Spotlight Content

2017 Women in Professional Services: Mary Mongioi of Forchelli, Curto, Deegan, Schwartz, Mineo & Terrana, LLP

Mary Mongioi,
Forchelli, Curto, Deegan,
Schwartz, Mineo & Terrana, LLP

Name: Mary Mongioi

Title: Partner

Company Name: Forchelli, Curto, Deegan, Schwartz, Mineo & Terrana, LLP 

Years in real estate: 33

What real estate associations or organizations are you a member of? Former chair and present member of the Real Estate Committee of the Nassau County Bar Association

How have you navigated obstacles to achieve success in your career? I always keep my eye on the prize – the result I want to achieve for my client, and use every resource I can muster to get us there. I reach out to people in the industry for their insight and assistance and I find that 100% of the time, they are willing to offer their advice and share their knowledge. The most important ways I navigate, however are to work as hard as necessary and then work some more – and I try never to lose my sense of humor and common sense – sometimes they are the most important weapons you have in your arsenal.

How do you play your strengths to your advantage in your career? I’m a people person and try always to be empathetic, and that is a tremendous strength that people appreciate. It helps to think things through from not only my client’s perspective – but also from the point of view of the other side of the deal, and that helps solve problems. I also have the ability to remain calm in a crisis – something I learned from my grandfather at a very young age. If you can keep your wits about you while everyone else is agitated, you will most likely prevail even in the most difficult of circumstances. 

What trends are you seeing so far this year? The market is active – at all ends of the spectrum. I’m dealing with optimistic purchasers who are ready to invest in all different types of real estate. I am also involved with many prospective sellers who see a rising market as the perfect time to divest themselves of properties which would have been sold at a loss not that long ago. It is an exciting time to be involved in the world of real estate.

What do you do for fun? I love exploring the North Fork of Long Island, the beaches of Fire Island, and the theatre and restaurants of NYC.

Mary Mongioi, (Hofstra University School of Law, 1983) joined the firm in 2004. Mongioi presently concentrates her practice in the tax, trusts and estates department, where she offers clients years of experience in the handling of litigated estate matters as well as in civil litigation, appellate practice and real estate.

In addition to estate matters, Mongioi has significant experience handling the foreclosure of mortgages and other liens held by major financial institutions, mid-sized and small investors, and commercial enterprises, on both residential and commercial real property. She has represented several financial institutions in connection with loan transactions and drafting complex commercial loan documents for the restructure of non-performing loans, with emphasis on co-operative loans. 

She is a member of the Nassau County Bar Association, where she is vice chair of the real property committee and also a member of the community relations committee. Mongioi was an adjunct professor of law at Touro College (2001-2005), where she taught business law and real estate. She has authored numerous articles for the New York Law Journal on varying estate litigation issues including “Obligation to Account” (2007), “Interplay of Family, Inheritance and Trust Principles” (2008), “The Estate Tax Apportionment Clause: Friend or Foe?” (2009) “John D.: Appointing Monitor Not in Keeping With Legislative Intent of Article 81” (2010), To the Holder of Antiquity Go the Spoils or Do They?” (2010), “Your Money and Your Life” (2011), “Look Before You Leap – Balancing the Roles of Attorney and Executor or Trustee of an Estate” (2011), “Draft Once, Proofread Twice” (2012), “To Move For Summary Judgment or Not – That is the Question!” (2013). She was honored by the Long Island Business News with its ‘Leadership in Law’ Award and by Hofstra University with the “Outstanding Women in Law’ award. Most recently, she was recognized as a New York SuperLawyer (2016).

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
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
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”.