Debbas of Romer Debbas: Most sought after property - multifamily
Name: Pierre Debbas, Esq.
Company: Romer Debbas, LLP
Are investors finding the types of properties that they want right now? Are tenants happy with the sites available to them?
Although there is a lot of activity in today's market, most investors are concerned with the current cap-rates and lack of inventory. Multifamily properties still seem to be the most sought after commercial asset and banks have been extending credit to this asset more so than other types of commercial real estate.
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
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
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
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