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Highcap Group Christen Portelli, Managing Principal

Name: Christen Portelli Title: Managing Principal Company: Highcap Group Location: 30 West 39th St., New York, NY 10018 Birthplace and year: Long Island, 1979 Family: My husband and I live on the Upper East Side. My parents reside on Long Island along with three of my siblings, two nieces and nephew. My fourth sibling resides in Manhattan. College: Syracuse University First job in real estate or allied field: Real estate salesperson at NYC firm. What do you do now and what are you planning for the future? Presently I focus on the sale of investment properties and creative deal making. I plan to continue on this path while also growing and developing Highcap Group. Real estate will be a part of my future inevitably. Hobbies: Yoga, pilates, salsa, biking and hiking. Volunteer with non-profit organizations with a focus on social wellbeing and awareness. Favorite book: "The Great Gatsby" Favorite movie: "12 Angry Men," (1957) Persons you admire most (outside of family): Those that make something out of nothing. Keys to success: Persistence, perseverance and patience If you had to choose another vocation what would it be? Educator
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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
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Columns and Thought Leadership
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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
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How much power does the NYC mayor really have over real estate policy? - by Ron Cohen

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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