Ron Kleinberg is a partner at Tri-State Properties LLC, Dix Hills, N.Y.
What was one of your corporate or career highlights of the decade?
My partner Dale Staudigel and I feel our most memorable career experience was 10 years ago when we decided to strike out on our own in a era when commercial real estate brokerage firms were growing through mergers and national affiliations. We left a prestigious investment firm and staked our own claim allowing us to be authors of our own destiny creating Tri-State Properties LLC. Even though our crystal ball is cloudy we feel there will not be a cataclysmic event that is going to change the way we do business on Long Island over the next decade. We believe the Long Island economy will not expand to fast or to slow but experience slow and steady growth (Goldilocks 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
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
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