NYC property owners: RPIE filing deadline is June 2 - non-compliance carries steep penalties - by Peter Blond

If you’re a New York City real estate owner, the only thing more annoying than your allergies may be the legally mandatory RPIE (Real Property Income & Expense) filing that is due no later than June 2^nd this year. The RPIE is required annually because NYC utilizes an income and expense approach to value when establishing annual assessments for tax class 2 & 4 parcels.

Essential considerations for evaluating 1031 exchange replacement properties - by Michael Packman

As a real estate investor seeking to optimize your portfolio, the 1031 exchange represents a powerful strategy that may allow you to defer capital gains taxes while transitioning to properties better aligned with your investment goals. Whether you’re aiming to scale your real estate holdings or reduce management responsibilities through ownership structures like Delaware Statutory Trusts

Public policy effects on real estate, part two - by John Rynne

My January article was titled Public Policy Effects On Real Estate. Little did I know, within a few months that the tariff policy controversy would be so significant so quickly. Its effect on the stock market was significant but even more so on the bond market. Since April 1^st the 10 year treasury increased by 48 basis points when I was writing this article. Everyone has some

The Southern Tier is wired for growth. It’s time to plug in - by Stacey Duncan

For decades, the Southern Tier has wrestled with economic decline. Since 2000, Binghamton has lost 6,500 manufacturing jobs — a staggering 37% reduction — as losses also piled up down the road in Elmira (19% decrease) and Ithaca (25% loss). What’s more alarming is witnessing local pride fade under the weight of

Queens and Brooklyn lead the surge in small-scale multifamily development - by William Gati

At Architecture Studio, we are committed to designing structures that meet the evolving needs of our communities. Our work is driven by a progressive design vision that seamlessly integrates form and function while aligning with the latest housing initiatives to provide the most appropriate, efficient, and responsive housing solutions. Our firm is responding to the city’s housing

Qualified Opportunity Zones: Where are they now? - by Sandy Klein

To be eligible for the unique tax benefits associated with making a QOZ investment, on or before Dec. 31, 2026, a taxpayer must first realize eligible capital gain on a sale to an unrelated party. The taxpayer then has 180 days – potentially from three different starting points, depending on whether the gains were realized directly or indirectly (see below) – to invest cash equity

Memoirs of a Watch Salesman: A NYC Real Estate Story - by Joseph Aquino

From the streets to the boardrooms: A journey through grit, deals, and redemption. This year marks my 40^th anniversary in commercial real estate. To celebrate this milestone — and to set the record straight on some of the ups and downs

2025 Ones To Watch - Industry Leaders:
Louis Grassi, CPA, CFE, Grassi

Recent goal and impact:  A recent goal Grassi achieved was implementing an Employee Stock Ownership Plan (ESOP), a strategic move that distinguishes our firm amid growing private equity investments in the accounting industry.

2025 Ones To Watch - Industry Leaders:
Joseph Packard, Esq., Schroder & Strom, LLP

Recent goal and impact:  I led our recent office move and expansion — from sourcing and negotiating the lease, to collaborating with architects and designers on layout, finishes, and furniture. I also coordinated logistics with movers and IT specialists to complete the move in just two days

2025 Ones To Watch - Industry Leaders:
Alex Lipsky, Lipsky Construction

Recent goal and impact:  When my brother and I took over the firm four years ago, repeat customers and referral based clients only made up 10% of our annual revenue. Under the leadership of the 3^rd-generation of Lipsky Construction,