News:
Spotlight Content
Posted: April 27, 2015
Professional Profile: Eric Margules 2015
Name: Eric Margules
Title: President
Company: Margules Properties, Inc.
Location: New York, N.Y.
Birthplace: USA
Education: MBA, The Wharton School at the University of Pennsylvania
First job outside of real estate: Investment Banking
First job in real estate or allied field: Started buying buildings with money from friends and family after the stock market crashed and I lost my investment banking job
What do you do now and what are you planning for the future? Still buying
buildings and plan to keep on buying
How do you unwind from a busy day in real estate? Dinner, time with the family, play piano, go to the gym
Favorite book or author: I hate superlatives
Last song you downloaded? "Fire" - Gavin DeGraw
One word to describe your work environment: Rewarding
Rules to live by in business: Integrity and hard work always pay off.
If you could invite one person to dinner (living or dead) who would it be and where would you go? Martin Luther King, Jr.- anyplace but seafood.
What is your dream job? I'm happy with the one I got.
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
.gif)
.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
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
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”.
.gif)