25 Year Anniversary Q&A Blast from the Past: 1989: Richard Yaffe
Name: Richard Yaffe
Title: Principal
Company Name: Triangle Properties
Year Founded: 1972
Years with Company: 18
Years in real estate industry: 25
Q: The approximate number of years you have been a subscriber and/or how the NYREJ has been a benefit to you and/or your business.
A: 10.
Q: The approximate year you discovered the NYREJ and what business you were in at the time:
A: 12 - real estate.
Q: Your most memorable "15 minutes of fame" in the NYREJ:
A: I've written numerous articles for the NYREJ - all relating to property management, but all with a unique twist. The positive feedback I've received from readers - in the form of telephone calls, emails, and actual letters (remember those?) - encourages me to continue exploring interesting facets of the business.
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
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
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
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
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”.