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Investor Perspective: Multifamily Outlook Under the New Rent Laws
Wednesday, July 17th, 2019
New York’s Housing Stability and Tenant Protection Act of 2019 was signed into law less than a month ago. Since that time, there has been a flurry of articles covering the specifics of the law, some analysis of how the new law might impact rents differently than the old law and the predictable array of […]
In-Secure: New Law Has Profound Impact on Inherited Retirement Accounts
Monday, February 24th, 2020If you are like most people, a significant amount of your net worth is probably tied up in retirement accounts. Traditional IRAs and 401(k) plans offer a great avenue for pre-tax assets to grow and then be taxed later, usually at a much lower rate when you are past your peak earning years. Roth IRAs, […]
Is It Time to Sell Your Multifamily Investment Property?
Wednesday, December 11th, 2019Multifamily buildings have long been a favored vehicle for commercial property investors. They historically produce reliable income and consistently increase in value over time. This in turn means that they retain value in a variety of market conditions and may even rapidly increase in value in some circumstances. Financing is typically readily available on favorable […]
Some Potential Good News for Investors in New York’s New Rent Laws
Wednesday, October 9th, 2019On June 14, 2019, Governor Cuomo signed into law the Housing Stability and Tenant Protection Act of 2019 (S.B. 6458) (“HSTPA”), which reinforces and fundamentally changes the landlord tenant law surrounding rental properties – especially rent stabilized apartments – throughout New York State, making it very difficult to either remove apartments from regulation or to […]
Real Estate Alert: New Taxes on High Value NYS Transactions Take Effect July 1, 2019
Monday, April 8th, 2019As part of the FY2020 budget, New York State will seek new revenue from real estate transactions. The final legislation is expected to yield hundreds of millions of dollars for state coffers and is intended to secure $5B in bonds for the MTA. It will: Increase transfer taxes by 60%, from .4% to .65% Commercial properties sold for $2M […]
Multifamily Property Transactions: A View from the Closing Table
Wednesday, February 27th, 2019On September 1, 2018, Anthony T. Simari, Esq., joined Holm & O’Hara LLP as a partner in our real estate group focusing on multi-family properties. Anthony is a seasoned professional; in each of the last five years, he has closed transactions for properties collectively valued at more than $200,000,000. After his first six months with […]
COVID-19 Alert: Paid Leave and Other Key Workplace Questions
Thursday, April 16th, 2020The coronavirus pandemic has wrought sweeping changes in the way we approach every aspect of life. Some of the biggest of these affect the workplace. Various government actions to contain the virus and mitigate both the health and economic impacts have resulted in some new rules – and a lot of questions – for both […]
A Conversation with Landlord Tenant Attorney Michelle Maratto Itkowitz
Monday, August 19th, 2019New York’s Housing Stability and Tenant Protection Act of 2019 was signed into law on June 14, 2019. Real estate experts, investors, attorneys and pundits are still trying to make sense of what it means for New York’s rental real estate market. In this second article on the law’s impact on investors in multifamily properties, […]
It’s Gotten Easier to Fall Off NY’s Estate Tax Cliff—Again
Monday, June 3rd, 2019Following federal estate tax reforms that took effect in 2014, New York State also revised its estate tax law so that estates of deceased New York residents worth less than $5 million (adjusted for inflation, currently $5.74 million) are no longer subject to estate tax. The basic exclusion amount was previously just $1 million. Rather […]
Naughty and Nice: Tips for Post-Holiday Estate Planning
Wednesday, January 23rd, 2019The holidays are over. The champagne flutes and decorations are stowed away, and the prospect of spending hours feasting and reminiscing with your nearest and dearest at is again at a safe distance in the future. The holiday season offers an opportunity to reflect on the people in your life and how you may […]
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