Patricia Petersen, Daniel Gale Sotheby's International Realty
What was your greatest professional accomplishment in 2010?
This rather simple question requires a complicated response. We've been the dominant residential real estate firm for Long Island's North Shore since 1922, but 2009 was a very challenging year-for our market, the U.S. Housing Market at large, and the world economy. Our absolutely unrivaled team of professionals rallied with energy, enthusiasm, expertise and determination to make 2010 surpass 2009. Transactions (closed residential sales) for our DMA increased by 9% in 2010; ours increased by 14%. DMA sales volume increased 14%, Daniel Gale Sotheby's increased 25%. Our company's average sales price was literally double the rest of the DMA.
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
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”.
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