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25 Year Anniversary Q&A: Shimon Shkury

Name: Shimon Shkury Title: President Company Name: Ariel Property Advisors Year Founded: 2011 Years with Company: Founded the company more than three and a half years ago Years in real estate industry: 12 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: NYREJ benefits my business by keeping my staff and I informed of the latest real estate deals, announcements, and industry trends. Q: The approximate year you discovered the NYREJ and what business you were in at the time: A: I discovered NYREJ after starting my career in New York City investment property sales in 2002. Q: Your most memorable or favorite "15 minutes of fame" in the NYREJ: A: My favorite NYREJ article is from the April 9-21, 2014 issue, "Shkury of Ariel Property Advisors establishes scholarship program for students attending the Open University of Israel." The article highlights that Ariel Property Advisors has created a scholarship program which will enable promising students attending the Open University of Israel to complete their studies.
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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
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Properly serving a lien law Section 59 Demand - by Bret McCabe

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”.
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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
How much power does the NYC mayor really have over real estate policy? - by Ron Cohen

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
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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