Category: Spotlight Content
Developing Brooklyn: 1 Java Street
August 27, 2024
Brooklyn, NY Developed by Lendlease, 1 Java St. is a sustainable, urban regeneration development along the Greenpoint waterfront. Scheduled for completion in early 2026, the project will comprise 834 rental units, 30% of which have been designated as affordable housing under the Affordable New York Housing Program.
Developing Brooklyn: West Wharf - 60 Wharf Drive
August 27, 2024
Brooklyn, NY Located in the seven-acre West Wharf complex in Greenpoint, the 40-story, waterfront tower features 554 spacious studio- through three-bedroom residences, many with balconies or terraces and nearly all with views of the East River, Manhattan skyline, and/or Brooklyn cityscapes.
Developing Brooklyn: 524 Halsey Street
August 27, 2024
Brooklyn, NY 524 Halsey St. is a former stable building carefully reimagined into beautifully-crafted condominiums in Bedford-Stuyvesant. The boutique development features 31 homes, full-service amenities, and original artwork by Humza Deas, a well-known Brooklyn-born photographer from contemporary art gallery Sugarlift.
Developing Brooklyn: 827 Sterling Place
August 27, 2024
Brooklyn, NY Kriss Capital and Haussmann Development formed a partnership with the Saint Louis family who had owned and operated a garage on the property for thirty years. The Saint Louis family had a steadfast vision to develop a multi-family building on the property in keeping with the changing
Conducting a zoning analysis in
New York City - by William Gati
August 13, 2024
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
The role of a qualified intermediary in a 1031 exchange - by Michael Packman
August 13, 2024
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
Corporate Transparency Act: A summary of the new reporting requirements - by Sandy Klein
August 13, 2024
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
Real estate value, Vrbo & Airbnb - by John Rynne
August 13, 2024
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
Broome County is a critical geographic link in the electronics supply chain - by Stacey Duncan
August 13, 2024
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.
New, creative food & beverage concepts keep leasing brokers busy throughout summer 2024 - by James ...
August 13, 2024
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
Real Property Income & Expense (RPIE) filing has been legal for decades, yet it continues to confuse...
August 13, 2024
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
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