Name: David Chkheidze
Title: Director of Retail Leasing
Company: Massey Knakal Retail Leasing Services
Location: 275 Madison Ave., New York, NY
Place of birth: Tbilisi, Republic of Georgia
Family: Mother, father and two brothers
College: Georgian State University in Tbilisi, Georgia, a two-year management program at Cornell University
First job unrelated to your current field: JP Morgan Chase Bank, 2000-2003
First job in your current field: In Town Realty LLC, Upper West Side, 2003
What your firm does now and its plans for the future? Massey Knakal Retail Leasing Services is a focused retail leasing division whose goal is to ensure that every client obtains creditable tenants at the highest overall rental income.
Hobbies: Reading, swimming, movies, travel, tennis.
Favorite film: "Scent of a Woman"
Favorite novel: "War and Peace," by Russian author Leo Tolstoy.
Keys to success: Creativity, hard work, thinking outside the box, determination, motivation and teamwork.
Person you admire most (outside of the family): Larry Silverstein
If you had to choose a different profession, what would it be? Real estate developer, contractor, manager.
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
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”.
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