New York City Real Estate Expo Energy Seminar Profile: Tom McGovern, Panelist
Name: Tom McGovern
Title: Founder and CEO
Company: Geatain Engineering
Location: NYC and Long Island
Birthplace: Rockville Center
Family: Wife and two daughters
College: Hartford University Engineering and St. John's Law School
First job outside of real estate: Resurfacing tennis courts at Flushing Meadow for tennis U.S. Open
First job in real estate or allied field: Lighting replacement for manufacturer in Suffolk County
What do you do now and what are you planning for the future? Geatain is focused on tuning up existing buildings and helping to lower overall energy costs for large existing commercial buildings. We evaluate all building components, including energy dashboards, smart grid, building controls, boiler controls, electric modulators, phantom loan elimination and energy storage. We offer comprehensive energy savings services, including auditing, design, construction oversight and long term monitoring. We stay abreast of the latest technology, regulations and financing. We provide Local Law 87 auditing and retrocommissioning services focused on operational improvements to provide immediate payback. We have established alliances with key strategic partners to expand our client services. We are rapidly expanding and have investigated areas across the east coasts for expansion. We may develop a construction department and financing department in the near future.
Hobbies: NY Yankees, barbeques, the beach and movies
Favorite move: "Casablanca"
Person you admire most (outside of family): Mariano Rivera
Keys to success: Planning and perseverance
If you had to choose another vocation what would it be? Business coach
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
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”.
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