New York, NY Meridian Capital Group arranged $33.9 million in financing to refinance two multifamily properties in the Bronx, and $9.9 million to refinance a
The Mandatory Inclusionary Housing (MIH) program allows developers to utilize increased development rights allowed under a rezoning by creating permanently affordable housing marketable to both
In 1961, NYC adopted the Zoning Resolution (ZR). The ZR assigns complex zoning regulations to every tax lot in the five boroughs. Like the Constitution, it is a comprehensive document and, just as importantly, it provides
Change orders are like mini-contracts. The parties sign the main contract and when things change, they both sign change orders confirming their agreement to those changes. It could be to add money to the contract price or to extend the
Westbury, NY After decades in the real estate industry as a broker responsible for selling and/or leasing, literally, hundreds of millions of square feet of commercial properties, Steve Kirschner decided to strategically
It’s easy to put your focus on getting new residents for your property. However, knowing the importance of resident retention is vital if you want to be a successful property manager. By keeping a high resident retention rate, you can
Valley Stream, NY Arbor Realty Trust, Inc. funded a $18.2 million Fannie Mae DUS loan. The Promenade at Central received refinancing through the program, with a 20-year fixed rate.
In direct response to the COVID-19 pandemic, New York City’s City Council passed a local ordinance on May 26, 2020 in an attempt to protect tenants of commercial rental agreements.
Manhattan, NY Lantern Real Estate has arranged a $56 million condo inventory loan for 145 CPN, a condominium property at the top of Central Park North in
Patchogue, NY Five Point Real Estate handled the sale of 159 W. Main St. for $2.04 million. The 10,000 s/f building–home to Bargain Bilge Marine Supply for more
