Name: Jeffrey Forchelli
Title: Managing Partner
Company Name: Forchelli, Curto, Deegan, Schwartz, Mineo & Terrana LLP
Year Founded: 1976
Years with Company: 38
Years in real estate industry: 38
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: Forchelli, Curto, Deegan, Schwartz, Mineo & Terrana LLP has been a subscriber of NYREJ for many years. We find the NYREJ to be very valuable tool in keeping abreast of what is happening in the N.Y. real estate world and who are the players who are making it happen.
It is invaluable to a real estate practitioner in NYC, Long Island and elsewhere.
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
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 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
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