Joe Berko is the president at Berko & Associates, New York, N.Y.
What was one of your corporate or career highlights of the decade?
After 10 years in real estate I had to chose my next move, join a large shop (I had offers from a few brokerage hosues) or start my own. I chose the option that was the most challanging I felt and the most rewarding. And so in May of 2005, I launched Berko & Associates. The firm was composed of myself, a part time secretary an intern/analyst and two associates. I took space on the corner of 5th Ave and 42nd St.
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