News:
Spotlight Content
Posted: December 28, 2021
2021 Year in Review: Mark Stumer, Mojo Stumer Associates
Name: Mark Stumer
Job Title: Principal
Company Name: Mojo Stumer Associates
What was the biggest lesson you learned while working during the pandemic?
The biggest lesson was that staff and people are flexible and can adapt to the situation. We all worked from home and on the network for Zoom meetings, and hardly skipped a beat.
What was your greatest professional accomplishment or most notable project, deal, or transaction in 2021?
We are very excited about the opening of the 5Pointz housing project with the Wolkoff Organization. We worked on this project for over four years and it is a tremendous success.
What are your predictions for your industry in 2022?
I think 2022 will be a banner year. The economy is good, industry is back to work, offices are re-opening and the residential market is on fire. We look forward to some great work in 2022 and the strong economy to continue.
How has your working environment changed over the last year?
Our work environment hasn’t really changed at all. We are back to work; the office is functioning fine; and except for COVID policies, nothing has really changed.
What is the best advice you received in 2021, and who was it from?
“Stay in your sandbox – you play very well in there.” It is a quote from a real estate developer.
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)
.gif)
.jpg)
Columns and Thought Leadership
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
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
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)