News: Spotlight Content

Maxine Simmons 2009

Name: Maxine Simmons Title: Manager 1/Commercial/Residential Sales and Lease Agent Company: Giscombe Realty Group, LLC Location: 1825 Park Ave., New York, NY 10035 Birthplace: Harlem N.Y. Family: Divorced with 2 adult sons and three grandchildren College: Monroe, Bronx, N.Y. and City College, NYC First job outside of real estate: IBM (International Business Machine) First job in real estate or allied field: Commercial sales & leasing What do you do now and what are you planning for the future? I assist my clients in searching, locating and leasing of real property. I plan to learn more and specialize in the acquisition, sales and leasing of both commercial and residential properties in Harlem. Hobbies: International travel, live jazz, Broadway plays, art shows, quality family time Favorite book: "Their Eyes Were Watching God" by Zora Neale Hurston Favorite movie: "The Godfather," I, II and III Person you admire most (outside of family): President Obama. I admire his balance! Keys to success: Have faith in yourself, trust your instincts, keep learning and have respect for others. If you had to choose another vocation what would it be? Acting for stage and screen or something in the medical field (not a doctor or a nurse)
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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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Columns and Thought Leadership
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
Properly serving a lien law Section 59 Demand - by Bret McCabe

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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 strategy of co-op busting in commercial real estate - by Robert Khodadadian

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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