Joseph Asselta, Forchelli, Curto, Deegan, Schwartz, Mineo & Terrana LLP
What was the best thing that happened to you or your firm in 2014?
Towards the end of 2013, my 10-attorney construction law firm, Agovino & Asselta LLP, merged with the larger law firm of Forchelli, Curto, Deegan, Schwartz, Mineo & Terrana LLP thereby broadening our ability to serve the construction and real estate communities in the New York metropolitan region. Thus, in addition to providing traditional construction law services like contract review and drafting and claims avoidance/dispute resolution, we have now been able to further advise our clients on a variety of other issues, such as zoning, land use, corporate, employment, trusts and estates and tax certiorari.
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
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
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”.