Franklin Zuckerbrot is the president of Sholom & Zuckerbrot Realty LLC, Long Island City, N.Y.
What was one of your corporate or career highlights of the decade?
The most memorable career experience of the decade was our assemblage of a former 5 1/2 acre industrial property located at the intersections of the Brooklyn communities of Bedford-Stuyvesant, Williamsburg and Fort Greene. Over a five year period, we re-developed the property into "DeKalb Plaza" which today is the site of a top-performing 130,000 s/f Home Depot Store and a 63,000 s/f U.S. Department of Labor Job Corps Vocational School. Working closely with the local community groups, politicians, U.S. Government and representatives of a large national retailer to make this happen was certainly a unique challenge for us.
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
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”.
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