News:
Spotlight Content
Posted: December 22, 2020
Michael Sharkey, Shark Byte Systems, LLC
Name: Michael Sharkey
Title: CEO and Founder
Company Name: Shark Byte Systems, LLC.
What aspects of working from home did you enjoy most?
I certainly enjoyed spending more time with my daughters while working from home. The little rituals we created and the extra help with school work helped us connect in different ways than before and really strengthened our bonds. I consider that time a real bonus I wouldn’t have had otherwise.
What was your greatest professional accomplishment in 2020?
Launching our GarageNet Video Analytics solution was the highlight of our year. Seeing the customer response and interest from new clients/markets has been a real boost and it is encouraging to see this level of demand during the pandemic for the products and services we provide.
What was the most challenging part of working during the pandemic?
Helping customers adjust to the new normal and supporting them in their initiatives was a challenge because each customer’s needs were unique to their situation. Of course, it was very rewarding to know that we were helping our customers not only survive but thrive in these challenging times.
What was your most notable project, deal, or transaction in 2020?
We won a contract to install a parking access and revenue control system for New York’s highest ranked hospital. This was notable because our GarageNet Video Analytics solution was the differentiating factor that clinched the deal and it really validates the enhanced revenue controls, inventory tracking, and operational flexibility that this solution offers.
What are your predictions for commercial real estate in 2021?
Commercial real estate owners and operators will take this opportunity to increase revenues from non-core offerings such as parking, paid amenities, and other ancillary services. Shark Byte Systems is ready and able to help maximize parking revenues with our suite of GarageNet parking solutions.
Tags:
Spotlight Content
MORE FROM Spotlight Content
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
.png)
Quick Hits
.jpg)
Columns and Thought Leadership
The strategy of co-op busting in commercial real estate - by Robert Khodadadian
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
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
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”.
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
.gif)