How can a building on the South Shore of Nassau County have a tax burden of $450,000 annually, while a building of identical size in a similar area on the North Shore have a $350,000 bill? Yet, if that same building were located just across the Suffolk County border, the tax burden would only be $250,000.
NYREJ recently sat down with Shimon Shkury, founder and president of Ariel Property Advisors, a New York City investment real estate services and advisory company, who shared some of the highlights from Ariel Property Advisors’ “Multifamily Quarter in Review New York City: Q1 2018.”