The debt capital markets for commercial real estate are healthy, with the caveat that rates are much higher than they were in months prior. As of February 15, 2023 the 10 year treasury is 3.8% vs 2.0% a year ago or a 90% increase, the 5 year treasury is 4.04% vs 1.90% a
Local Law 18, also known as the Short-Term Rental Registration Law, which was adopted by the New York City Legislature in January 2022, went into effect January 9, 2023. The law requires short-term rental hosts to register with the mayor’s Office of Special Enforcement
Three years ago, the Greater Binghamton Chamber of Commerce and the Broome County Industrial Development Agency & Local Development Corp. (The Agency) formed a strategic partnership to promote the economic success of Broome County while simultaneously confronting the
When most people think about renovating their co-op or condominium apartment, they focus on what it is going to cost and who is going to do the design work. Obviously, those are essential issues, but there is a lot more to the process. A good architect or interior designer
Queens, N.Y. is one of the five boroughs of New York City and is the largest of all the boroughs by area. It is home to over 2.4 million people, making it one of the most populated counties in the United States. The real estate industry in Queens has grown significantly over
I’ve always been fascinated with energy sources that were non fossil fuels. I grew up less than 14 miles from the hydro electric power plants in and near Niagara Falls. When I was young boy I thought that there must be a way to harness the sun’s energy. I
Despite rising interest rates and an inflationary environment, the U.S. economy continues to defy expectations. Consumer spending is fueling GDP growth, and jobless rates, while still climbing, are by historical standards low and reflective of a labor
The New York City Department of Finance published the 2023/24 real estate tax assessment roll on January 17th
. Per the city’s press release, the aggregate taxable assessed value of all properties increased by a relatively modest 4.4%. Considering the
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Founded in 2000, Schroder & Strom has built an unparalleled reputation and a team of 11 attorneys with well over 150 years of combined expertise in the area of real estate tax law.