What was your greatest professional accomplishment in 2013?
The greatest professional accomplishment in 2013 was the announcement that our Bank will be acquiring the First National Bank of New York. This acquisition will enable Bridgehampton National Bank (BNB) to have Offices in Manhattan as well as parts of Nassau County in 2014.
Our financing of the acquisition of Gurney's Inn in Montauk which will help propel what is already a high profile property into an international resort destination.
What are your predictions for commercial real estate in 2014?
Commercial real estate should continue to enjoy solid performance in terms of both return and appreciation.
What are your resolutions for 2014?
Resolutions for 2014 include opening our first full service branch in Manhattan along with BNB continuing to viewed as an exceptional resource for banking and financing for real estate professionals in the markets we serve.
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
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”.
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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