News:
Spotlight Content
Posted: August 26, 2014
25 Year Anniversary Q&A Blast from the Past: 1989: Sasha Majerovsky
Name: Sasha Majerovsky
Title: Vice President
Company Name: Citywide Properties, Inc.
Year Founded: 1985
Years with Company: 18
Years in real estate industry: 18
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: I have been a subscriber of the NYREJ for 18 years. Since the real estate industry is constantly changing, there is always something new to learn, therefore I stay well informed of the current real estate market by reading the NYREJ. Happy 25th Anniversary NYREJ!
Q: The approximate year you discovered the NYREJ and what business you were in at the time:
A: In 1996 when I joined Citywide Properties, Inc., a commercial real estate firm (Citywide was already a subscriber of the NYREJ long before).
Q: Your most memorable "15 minutes of fame" in the NYREJ:
A: I'd have to say my favorite was a write up in the NYREJ in 2008 for completing a 15 year lease/with 5 year option commercial real estate deal for a Dialysis center in Manhattan.
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)
Quick Hits
.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”.
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
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)