David Zere is the VP operations Zere Real Estate Services, Ronkonkoma, N.Y. and project manager for Nelson & Pope Engineers & Surveyors, Ronkonkoma, N.Y.
What are your predictions for commercial real estate in the new decade?
"Leadership is important in bringing businesses and government together to produce the right economic climate to encourage businesses to operate and flourish with a profit to remain on Long Island when many other states offer incredible incentives that lure companies out of our area and deplete our tax base. The private sector and the local government offices cannot have a blind eye towards one another. We have to work in unison for the future health of our business economy. "
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
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
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”.