News:
Spotlight Content
Posted: December 28, 2021
2021 Year in Review: David Wilkes, Esq., CRE, FRICS, Herman Katz Cangemi Wilkes & Clyne, LLP
Name: David Wilkes, Esq., CRE, FRICS
Job Title: Partner
Company Name: Herman Katz Cangemi Wilkes & Clyne, LLP
What are your predictions for your industry in 2022?
One of the single most impactful ongoing expenses for any major real estate investment is the property tax. We are all operating in an environment of great uncertainty about the future. The need to forecast risk amid extreme volatility has never been more essential to major investment decisions. Our firm is the “go-to” for property tax insight, advice, and representation, and I predict that the firms that will succeed in our area of practice in 2022 will be those that can best understand the investor’s concerns and provide rapid, reliable, and responsive property tax information and analysis that serves their goals.
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”.
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
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
.gif)