News: Spotlight Content

2019 Ones to Watch: Chuck Merritt Merritt Environmental Consulting Corp.

Name: Chuck Merritt

Title: President 

Company Name: Merritt Environmental Consulting Corp.

Year that you entered your current field? 1993

List up to three CRE organizations that you are currently a member of: 

  • Mortgage Bankers Association (MBA) 
  • Community Bankers Mortgage Forum (CBMF)
  • Commercial Industrial Brokers Society (CIBS)

How have your life experiences impacted who you are professionally?

As a teenager, I was fascinated with real estate. Growing up in Queens, things were always changing especially in the Flushing area. I was a carpenter while attending college and learned a lot about the trade. In addition, I learned how to read plans and how to get in and out of supply houses quickly with material needed and get back to the job site. I quickly become a foreman and had a crew of older men reporting to me. Most of our projects were in NYC, so I got to see the transformation of Harlem in the 90s. 
Today as an environmental consultant, I am still directly involved in the transformation of real estate. Watching older industrial buildings be torn down to make way for new luxury apartment buildings still fascinates me. 

What was your favorite thing to do as a kid?

Running marathons. In the mid 70s, my dad got into the running craze that swept the country. He gave up smoking, lost 30 lbs and became a competitive runner. I would go out with him and run when he got home from work and on weekends. Soon I was hooked on running as well. I ran my first NYC marathon with him at age 11. 

Who or what do you attribute to your success?

Working primarily for lenders and developers, I learned early on in my career that meeting deadlines is crucial. Real estate in the tri-state area moves at lightning speed. Miss a deadline on a report and your client may not close on time. I have instilled this work ethic in my staff on day one of their tenure with my company. We are in a service business as environmental consultants. Prove to your clients that they can count on you (under any circumstance) and they will be loyal.

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
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
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