Name: Perry Gault
Title: President
Company Name: Perry Gault Management Co. Inc.
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: The New York Real Estate Journal has been a winner for our organization from the first day we placed an ad twenty-five years ago. Too many ads were placed to comment on which ad was the most successful, but most were. As time went by I became chairman of the Public Relations Committee of the Bronx-Manhattan Association Of Realtors, and I suggested we advertise in the NYREJ, which we did. The success was two fold, gaining new members and promoting the success of our organization to the real estate industry.
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
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”.
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