Goldmacher of LIDC/GNYDC: On the forefront of economic develoment
Roslyn Goldmacher has been at the forefront of economic development for Long Island and the greater metro area for 28 years as founder/president/CEO of LIDC and GNYDC. The LIDC/GNYDC family of companies has lent more than $750 million in direct loans and leveraged an additional $2.5 billion in funding for commercial real estate projects. LIDC/GNYDC provide below prime fixed rate, low down payment, long term second mortgage loans to help small businesses and not-for-profits buy and build buildings, condos, and co-ops. Goldmacher serves on many national and local boards and has an almost limitless list of impressive credentials.
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
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