Name: Richard Persichetti
Title: Vice President, Research, Marketing and Consulting
Company Name: Cassidy Turley
Year Founded: 2010
Years with Company: 2.5
Years in real estate industry: 15
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 to the NYREJ for 15 years, and it has been a great source of information. The special issues that included contributing authors always gave me insight into the other aspects of real estate from a different point of view.
Q: The approximate year you discovered the NYREJ and what business you were in at the time:
A: I first discovered NYREJ in 1999 when I first got into the business as a researcher for RELocate (a CoStar predecessor).
Q: Your most memorable or favorite "15 minutes of fame" in the NYREJ :
A: My most memorable "15 minutes of fame" in the NYREJ was my first article ever published in the paper; it was the first article I ever had published in the real estate industry. It was in the October 14, 2003 issue and the title was "Manhattan office market exhibits positive signs; recovery set for 2004." My wife had it framed and I still have it in my office at home.
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”.
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
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