Dan Deegan, Forchelli, Curto, Deegan, Schwartz, Mineo & Terrana, LLP
What are your resolutions for 2014?
1. I resolve to continue advocating for real estate developments at and around train stations on Long Island which will provide higher-density housing mixed with commercial space so that the Island's highly-educated young people stay here because there are places that they want to live in here on Long Island.
2. I resolve to become more involved with organizations such as the Long Island Association which advocate for large and mid-size companies that are the back bone of Long Island's employment base, which companies are absolutely necessary to retain and employ the highly-educated young people produced here on Long Island, yet are constantly being enticed to move to other regions of the State and Country.
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
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