Sarah Berman
President
The Berman Group
What was your greatest professional accomplishment in 2010?
Despite a challenging economic climate in 2010, The Berman Group continued to provide high-quality services to each client as well as obtain new clients in diverse markets. Our firm is proud to be working with new organizations that include the Real Estate Lenders Association and the Association of Legal Administrators. We have also taken on global corporations such as chemical company BASF. Even though many clients needed to reduce their marketing budget in 2010, The Berman Group developed creative techniques to provide the highest value though cost-effective means.
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
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
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