News: Spotlight Content

Hank Freid President/CEO The Impulsive Group

Name: Hank Freid Title: President/CEO Company: The Impulsive Group Location: New York First job outside of real estate: Waiter First job in real estate or allied field: Building rental manager What do you do now and what are you planning for the future? I own and operate hotels and real estate. Plan to do the same outside New York, as well as Panama, the Dominican Republic and Tahiti Hobbies: Boating, tennis, anything to do with the water Favorite book: Internet Favorite movie: "Only You" with Marissa Tomei and Robert Downy Jr. (It made me discover the Haitian Riviera) Person you admire most (outside of family): Ian Schrager. He is someone who has overcome troubled times and changed the face of the hotel industry as know it. Keys to success: Perseverance, never stop pushing If you had to choose another vocation what would it be? Professional baseball player
MORE FROM Spotlight Content

Over half of Long Island towns vote to exceed the tax cap - Here’s how owners can respond - by Brad and Sean Cronin

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
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Properly serving a lien law Section 59 Demand - by Bret McCabe

Properly serving a lien law Section 59 Demand - by Bret McCabe

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”.
The strategy of co-op busting in commercial real estate - by Robert Khodadadian

The strategy of co-op busting in commercial real estate - by Robert Khodadadian

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
How much power does the NYC mayor really have over real estate policy? - by Ron Cohen

How much power does the NYC mayor really have over real estate policy? - by Ron Cohen

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
Oldies but goodies:  The value of long-term ownership in rent-stabilized assets - by Shallini Mehra

Oldies but goodies: The value of long-term ownership in rent-stabilized assets - by Shallini Mehra

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