Name: Thomas O'Grady
Title: President
Company: Effective Plumbing Corporation
Location: New York City and Bronx, N.Y.
Date of birth: September, 1956
Family: Married 33 years
College: U.S. Merchant Marine graduate QMED
First job outside of real estate: Merchant seaman, engine room plumbing
First job in real estate: Local One union shop
What do you do now and what are you planning for the future? Increase business to business relationships through networking and business skills.
Hobbies: DJ, relax at beach and country home, keeping my marine fish
Favorite book: "Pillars of the Earth"
Favorite movie: "Star Trek," original
Person you admire most (outside of family): Donald Trump
Keys to success: Starting at the bottom and working with dedication to the top and being open-minded.
When New York permanently adopted the 2% property tax cap more than a decade ago, many owners hoped it would finally end the relentless climb in tax bills. But in the last couple of years, that “cap” has started to look more like a speed bump. Property owners are seeing taxes increase even when an
Many attorneys operating within the construction space are familiar with the provisions of New York Lien Law, which allow for the discharge of a Mechanic’s Lien in the event the lienor does not commence an action to enforce following the service of a “Section 59 Demand”.
Active investors seeking rent-stabilized properties often gravitate toward buildings that have been held under long-term ownership — and for good reasons. These properties tend to be well-maintained, both physically and operationally, offering a level of stability
The mayor of New York City holds significant influence over real estate policy — but not absolute legislative power. Here’s how it breaks down:
Formal Legislative Role
• Limited direct lawmaking power: The NYC Council is the primary
In New York City’s competitive real estate market, particularly in prime neighborhoods like Midtown Manhattan, investors are constantly seeking new ways to unlock property value. One such strategy — often overlooked but