John Gallin & Son, Inc. completes 35,000 s/f construction project
John Gallin & Son, Inc., one of the oldest family-owned construction firms in New York City, has completed a 35,000 s/f construction project on the third floor of 417 Fifth Ave. for The National Benefit Funds of IATSE, the International Alliance of Theatrical Stage Employees, Moving Picture Technicians, Artists and Allied Crafts of the United States, its Territories and Canada.
"We had a specific vision for our National Benefits Funds Center, and John Gallin did an impressive job of accommodating it," said Anne Zeisler, executive director of the IATSE National Benefit Funds. "Our facility, with much open space, soaring ceilings and an equipped conference room and training center, was expertly built to our specifications. The design even incorporated green elements into the space. We are extremely impressed."
The new facility's green features include ecofloor, a product made from recycled rubber materials; an energy-efficient, calculite compact fluorescent light with low energy consumption; cotton insulation; and spre-fix, a type of spray-on sound absorptive insulation that creates better indoor acoustic quality and thermal control.
Meridian Design Associates is the designer for the space.
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
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
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