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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 […]

Is It Time to Sell Your Multifamily Investment Property?

Wednesday, December 11th, 2019

Multifamily 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, 2019

On 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, 2019

As 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, 2019

On 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 […]

A Conversation with Landlord Tenant Attorney Michelle Maratto Itkowitz

Monday, August 19th, 2019

New 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, 2019

Following 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, 2019

The 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 […]

Environmental Site Assessments: Essentials for Real Estate Investors

Tuesday, November 27th, 2018

Buying or selling a commercial or investment property is a process, sometimes an involved one.  One of the more complex—and least understood—aspects of this process is the Phase I Environmental Site Assessment (ESA).  We asked environmental attorney James J. Periconi to explain some of the essentials of Phase I ESAs and why it is often […]

Fall Update: What’s Happening in Real Estate

Tuesday, September 25th, 2018

For many people, back to school time is also back to business time.  Certain industries and markets – like real estate – which tend to quiet down in August, start to see new life in September.  Holm & O’Hara LLP’s Fall Real Estate Update covers four topics of interest to those who are likely to buy or […]

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