Name: Ed Smith
Title: Regional Director for NY and CT
Company Name: Coldwell Banker Commercial NRT
Year Founded: 1906
Years with Company: 10
Years in real estate industry: 40
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 believe I started reading the paper around 1998. Having been successful in the commercial real estate business I wanted to share with others how to do it. So in February, 2003 I wrote my first article for the paper. This started my "Commercial Classroom" monthly column and I have been writing articles now for 135 issues. I hope my "tidbits" of education have helped new agents and served as a refresher for experienced agents. I thank all of you who have read my columns.
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
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”.
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
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
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