News: Spotlight Content

2017 Year in Review: John Falco, Falco Real Estate Partners

Name & Title: John Falco, President

Company Name:  Falco Real Estate Partners

Address: 69-64 Grand Avenue, 2nd Fl Maspeth, NY 11378

What was your most notable project, deal, transaction or professional achievement in 2017?

I enjoyed handling the sale of 92-16 35th Ave. in Jackson Heights, Queens. The seller is a long time client of our company and we have represented him in multiple transactions over the years. This loyalty portrays the honesty and accountability our firm strives to achieve in every transaction.

What was the best decision you made in 2017 and why? 

Invest more time disseminating information on social media. 

Who or what contributed to your success in 2017 and why?

The Federal Reserve keeping the rates low was the biggest contribution to every broker’s success in 2017.

What trends will impact your business in 2018?

A few trends will be 1) Tax Reform, 2) Will the new Federal Reserve President be a Hawk or a Dove and 3) Rapid advancement of technology in real estate.  On a micro level, I believe the gap between seller’s expectations and buyer’s expectations will close; this will result in a higher volume of transactions.

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
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
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