News:
Spotlight Content
Posted: December 19, 2017
2017 Year in Review: Inbar Mitzman, Daniel Gale Sotheby’s International Realty
Name & Title: Inbar Mitzman, Associate Real Estate and Commercial Broker
Company Name: Daniel Gale Sotheby’s International Realty
Address: 364 Plandome RoadManhasset, New York, 11030
What was your most notable project, deal, transaction or professional achievement in 2017?
A 50 years land lease of the East Hampton Motel in East Hampton with a $5 million purchase price option. This was a complicated transaction because the seller wanted it sold and the buyer wanted to lease it. It required some craftsmanship on my part to make both the buyer and the seller happy.
What was the best decision you made in 2017 and why?
Staying on top of market inventory and industry projections which enabled me to put the right buyers together with the right sellers.
Who or what contributed to your success in 2017 and why?
The final decision on real estate tax reforms and the fate of medicine in this country. Many doctors are on hold regarding medical condominium purchases.
What trends will impact your business in 2018?
The economic growth in our country.
Tags:
Spotlight Content
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
.png)
.jpg)
Columns and Thought Leadership
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
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
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
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
.gif)