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A message from the president of Upstate NYSCAR - by Guy Blake
December 4, 2018
Call for Nominations NYSCAR Realtor of the Year. It is that time of year to solicit nominations for NYSCAR Realtor of the Year. The purpose is to recognize an outstanding active member of the New York State Commercial Association of Realtors (NYSCAR) for the year.
2018 Hudson Valley apartment market: Counties show favorable conditions for investment - by Brian He...
December 4, 2018
As seen in the 12/04/2018 Upstate Spotlight, Ask the Experts: All the counties of the Hudson Valley show a favorable rental market for investment. The average 2017 HUD fair market rent for a two-bedroom apartment in the Hudson Valley, together the counties of Dutchess, Westchester, Rockland, Ulster, Putnam, and Orange, is $1,510 per month, up 4.4% from 2016. The 2017 Ulster County Rental Housing survey reports average two-bedroom rents of $1,143, up 5.9% over 2016, with an overall vacancy rate of 2.65% versus 2.36% for 2016. The 2016 Dutchess County Rental Housing Survey reported…
It’s not too early to prepare for your real estate tax protest: Here are some considerations - by ...
December 4, 2018
As seen in the 12/04/2018 Upstate Spotlight, Ask the Experts: In most, but not all, upstate New York municipalities, the date to file a real estate protest is the fourth Tuesday in May. Nevertheless, it is never too early to review and determine whether a tax protest is sensible…
A 1031 trade-in program for the 21st Century investor: R. J. Gullo’s 1031 Trade-In Program - by Ru...
December 4, 2018
As seen in the 12/04/2018 Upstate Spotlight, Ask the Experts: This program is structured using both Section 1031 of the Internal Revenue Code, which allows owners of income-producing or investment-held property the opportunity to pay no tax when disposing of property…
Advice for landlords and owners to consider when leasing to tenants in the cannabis industry - by Ra...
December 4, 2018
As seen in the 12/04/2018 Upstate Spotlight, Ask the Experts: Recreational cannabis use is now legal in nine states, as well as the District of Columbia. Thirty-one states have legalized cannabis use for medical purposes. What does the state of cannabis regulation have to do with real estate? Quite a bit actually…
Code watch: How zoning codes impact development - by Wendy Marsh
December 4, 2018
Reviewing the local zoning code of the municipality where a development is to be located should be one of the first steps in a successful project. Failing to understand the zoning code and its participants, including the code enforcement officer and the decision-making boards, can cause…
Engl of Uniland Development honored with the Lifetime Achievement Award at BOMA Buffalo annual award...
December 4, 2018
Buffalo, NY The Building Owners & Managers Association (BOMA) of Buffalo celebrated its annual BOMA Awards during a recognition luncheon and annual business meeting at the Lexus Club in KeyBank Center. Douglas Engl, director of property management, Uniland Development Co., was honored with the Lifetime Achievement Award. Engl has played a critical role with Uniland and its contributions to the resurgence in Buffalo.
Saperston of Saperston Real Estate negotiates $1.8 million warehouse sale
December 4, 2018
Williamsville, NY According to Saperston Real Estate, the former 46,000 s/f Tuxedo Junction warehouse located at 120 Earhart Dr. has been sold for $1.8 million. Mark Yin, president of Techfrys Corp., a Canadian computer refurbishing company purchased the property. Howard Saperston, Jr., SIOR of Saperston Real Estate negotiated the sale.
Certificate of No Harassment pilot program could discourage owners from renovating - by Luise Barrac...
December 4, 2018
The Certificate of No Harassment (CONH) pilot program, which took effect September 27, 2018, has expanded requirements for building owners in certain districts to apply for a CONH before the Department of Buildings (DOB) will issue permits to alter or demolish their buildings…
Ariel Property Advisors shares “Multifamily Quarter in Review: Q3 2018” - by Shimon Shkury
December 4, 2018
New York, NY 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: Q3 2018.”
