In the ever-evolving landscape of New York City, conducting a zoning analysis is a pivotal step for anyone looking to build an addition, convert a property, or undertake significant modifications. While the process may seem straightforward at first glance, the intricacies
To complete a valid and successful 1031 exchange, investors acquiring taxpayer-owned properties need the services of a qualified intermediary (QI), also known as an “exchange facilitator.” During a 1031 exchange, the individual obtaining an investment or business property
On January 1, 2024, the Corporate Transparency Act (CTA) went into effect. The CTA requires businesses, including real estate businesses, to file a Beneficial Ownership Information (BOI) Reports with the US Department of Treasury’s Financial Crimes Enforcement Network (FinCEN). Such
The Vrbo and Airbnb revolution has exploded on the scene especially for residential properties. I’ve appraised a number of properties that have been used for short-term occupancy, either daily or weekly. In the past they were typical month-to-month or annual traditional rentals. Most
Microchips, as their name implies, are incredibly small — with billions of transistors packed into a space no larger than a single fingernail. But the supply chain necessary to manufacture this critical technology is both far-reaching and complex.
When the spring ended and the weather started to get warmer, I expected Manhattan to clear out and for business to slow down as it typically does in the summer. To my surprise, deal flow picked up in June and this summer proved to be one of the busiest seasons of my career. I’ve always suggested
Sometimes I wonder if taxpayers think the RPIE is a secret missile program… they aren’t supposed to have any knowledge of. For the thousands of property owners apparently still in denial, or shrouded in unfamiliarity, the RPIE filing stands for Real Property Income & Expense. It
Most memorable “15 minutes of fame” in NYREJ: I’d have to say our most memorable and favorite “15 Minutes of Fame” NYREJ moment was when Maltz Auctions (formerly David R. Maltz & Co.) was highlighted as the “Company of the Month” in November 2014
When did you discover NYREJ and what was your title and company name at that time? In 2004 I joined LVM Group, a PR firm that specialized in commercial real estate, as an account supervisor. That’s when I discovered NYREJ.
Manhattan, NY Herman Katz, LLP (the firm) was founded in 2005 with the merger of the law practices of Jay M. Herman and Robert S. Katz, two well-known and very experienced property valuation litigation attorneys (Tax Certiorari, Eminent Domain, etc.), with three employees.
Most memorable “15 minutes of fame” in NYREJ: WOW! It was probably when I started writing my quarterly column on real estate marketing for NYREJ. I shared practical tips and insights on effective marketing strategies for the real estate industry. Shortly after my first column was published, I began receiving an overwhelming number of emails and calls from readers.