NY’s 2019 Rent Stabilization Law: Opposing Views, Paths Forward by Jason Gordon, AmTrust Title

On July 31, 2019 Hallmark Abstract Service published the article, ‘Are there any winners in the NYC multifamily marketplace?‘, providing some background into the parameters of the new law and potential impact that the Housing Stability and Tenant Protection Act of 2019 could have. This impact would be on a variety of stakeholders including multifamily building owners […]

Are there any winners in the NYC multifamily marketplace?

  The Housing Stability and Tenant Protection Act of 2019 (the “Act”) that was signed into law June 14, 2019, has a little bit of something inside for most of the participants in NYC’s multifamily real estate market! For building owners, developers, tradespeople, banks, alternative lenders and more the impact is likely going to range from […]

Multifamily Building Owners and Developers: New York City Real Estate Experts Opine About the State of the Market! (Part 1)

New York City multifamily housing

In the NYC real estate market the developers of apartment buildings, current multifamily building owners, residential tenants and prospective tenants face an uncertain future due to the Housing Act of 2019, signed June 14, 2019! Today I had the opportunity to attend a real estate panel discussion organized and presented by AmTrust Title as part […]

July 1, 2019 New York State and New York City Real Estate Transfer Taxes Slated to Rise!

New York State real estate transfer tax and New York City mansion tax

July 1st the New York State Department of Taxation and Finance will be imposing an increase in the state real estate transfer tax and mansion tax in New York City!  The NYS transfer tax increase will affect residential property sales above $3MM and all other property types sales above $2MM. the increase will be $2.50 per […]

Is the Honeymoon with Your Title Insurance Provider Over?

Is Your Title Insurance Firm Making You Happy? If Not, Why Not Think About Trying One That Will! Introducing, Hallmark Abstract Service! Of course you currently have relationships with title insurance providers, but has the honeymoon ended? And while you may feel that because the process ain’t particularly broke why look to fix it, these […]

Reference Guide to the NYS Transfer Tax and Mansion Tax Hikes…

brownstone photo

The chart below describes the increases in the New York State Transfer Tax and Mansion Tax, that will affect transactions of specific type and size occurring after July 1, 2019… An exception to the July 1 deadline will be those contracts ‘entered into on or before April 1, 2019, “provided that the date of execution of such contract […]

New York State Targets Low-Hanging Fruit To Raise Revenue – The Real Estate Transfer Tax and the Mansion Tax Are Hiked!

New york city brownstone photo

If the business or entity you are responsible for running needs to raise its top-line revenue number, in the hopes of potentially improving the bottomline number, what can be done? Simple! The business could simply raise prices being charged the consumer for the product(s), right? Of course that answer in many cases is not feasible, as there […]

The 2019 New York State Budget Includes Real Property Transfer Tax And Mansion Tax Increases!

new york city mansion photo

2019 New York State Real Property Transfer Tax And Mansion Tax Increases or, Just When You Thought Your Tax Burden Couldn’t Get Any Worse! As New York State’s Governor Cuomo embarked on a search for new sources of tax revenues, ultimately residential real estate and real estate transactions were in his crosshairs! An initial tax […]

What’s a Win-Win Proposition? When Military Combat Veterans At-Risk for Suicide Win, and When your Business Wins Too!

uncle sam photo

Is your business interested in supporting a military combat veterans charity with a mission of suicide prevention? The nondenominational Heroes To Heroes Foundation could be your perfect option, because that’s what we do with incredible success! Learn more about the organization below, and consider sponsoring the Heroes To Heroes Foundation July 15th Charity Golf Outing, […]

Interactive Chart: Since the Financial Crisis, How Have Consumer Preferences in Remodeling Projects Changed?

Homeowner Improvement Expenditures by Project Type

The art of determining consumer preferences has taken on new meaning and a new sense of urgency when it comes to marketing and manufacturing in the age of the internet! Data analytics as it relates to consumer behavior has entered the 21st century in a big way, as algorithms and other processes take raw consumer data and […]