Property of the Month: 57-43 Mazeau St.: A multi-family investment opportunity in Maspeth, N.Y - by William Gati

Located in Maspeth, Queens, at 57-43 Mazeau St., this multi-family, semi-detached building offers the opportunity for investors in the competitive New York real estate market. Combining residential comfort with unmatched convenience, with its desirable location, modern amenities

Developing Rochester: Fulfilling the promise of local development: Co-creating the future of Rochester - by Lomax Campbell

The Rochester Economic Development Corp. (ROCEDC, formerly known as REDCO) is a not-for-profit local development corporation formed by the city of Rochester in 1983. Originally managed by a volunteer board and city staff, the initial aims of the agency

Developing Rochester:
Victor Crossing

Victor, NY The Benderson-owned Victor Crossing is a thriving retail hub, ideally located on SR 96 and adjacent to the Eastview Mall. Anchored by Walmart and HomeGoods, the center is a popular shopping and dining destination for both local residents and visitors.

Developing Rochester:
Marketplace Senior Apartments

Henrietta, NY Cornerstone and Genesis Housing Development Corp. are co-developers for Marketplace Senior Apartments, a newly constructed 150-unit senior supportive housing building. It is located on the Marketplace Mall campus in the Town of Henrietta

Developing Rochester:
260 East Broad Street

Rochester, NY The redevelopment of 260 East Broad St., by Buckingham Properties marks a major transformation in the city’s Midtown District. Part of Buckingham’s larger vision to revitalize downtown Rochester

Roller coaster cap rates - by John Rynne

Very early in the first quarter of 2024, I projected that the trend of 10 year treasuries and cap rates would decrease because inflation had been substantially decreased. However, early in the second quarter inflation reared it’s ugly head again. Cap rates inched up very slowly. During the third quarter cap rates

To stem outward migration, New York state must tackle housing and job growth in tandem - by Stacey Duncan

New York state is grappling with two interconnected crises: a severe lack of economic opportunity and population loss. The common thread intertwined through both is they are exacerbated by a significant need for housing that threatens to hollow out our communities and limit economic growth even more.

DST gives investors another avenue to take advantage of the tax code while staying within the 1031 requirements - by Michael Packman

When investing in real estate, the key is to buy a property well and then sell it for a profit at some point in the future. Many investors know they may be able to utilize Internal Revenue Code Section 1031 and exchange their property for a replacement property and defer their capital gains. This has been one of the

NYC Dept. of Finance proposing changes to NYC Charter and Title 19 of the RCNY to limit taxpayer options - by Peter Blond

New York City is supposedly a liberal, sanctuary city, but that clearly doesn’t apply to real estate owners considering the preposterous proposed rule changes recently released by the New York City Department of Finance. The proposed rules may be the most anti-taxpayer clauses ever suggested, much less approved,

Developing Rochester: The Edmund -
Historic Gannett Building redevelopment

Rochester, NY The Gannett Building, located at 55 Exchange Blvd., was originally constructed in 1927 for newspaper chain founder Frank Gannett. The classical revival style structure was built to house the consolidated offices and newspaper printing facilities for the Gannett Newspapers chain.