News: Spotlight Content

Jody Kriss, East River Partners, LLC

What was the best thing that happened to you or your firm in 2014? We sold out three very successful projects in Brooklyn located in Park Slope and Carroll Gardens. 364 Union Street was our most recent project and we're just proud to have created such great homes for the families that live there now. What was your most notable project, deal, transaction or personal achievement in 2014? We accomplished everything we set out to do in 2014. We are developing all the projects we took on and still finding new opportunities to invest capital profitably and prudently. This year we really focused on the finish quality of the homes we are building to make them stand out from the field of competitors and I think we'll see those results in 2015. What are you looking forward to accomplishing in 2015? We hope to continue to build terrific homes for New Yorkers and generate strong returns for our investors by finding quirky opportunities where the marketing process has broken down for one reason or another and that don't lend themselves to an auction-like marketing process. In 2015 we plan to bring to market a synagogue that we're converting into condos in the East Village that we're very excited about. It will have full-floor and duplex lofts with some very special spaces.
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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
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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
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
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