We previously advised that the City Council passed the FY2025 budget with new tax rates, and reauthorized the tax lien sale on June 30, 2024. See our post here: NYC Budget 2024/2025 and Property Tax Updates | Rosenberg & Estis, P.C. (rosenbergestis.com) The NYC...
The Philip Degaetano Living Trust, with Philip Degaetano as Trustee, filed a legal action against Jacques Jiha, Commissioner of the New York City Department of Finance (DOF), over a property tax assessment dispute. The petitioners claimed that their property at 16...
The Five Borough Fair Property Tax Act was introduced by the Committee on Rules Assemblymember Jenifer Rajkumar (Assembly District 38) as Assembly Bill A10600 on June 20, 2024. It was “read once” and referred to the state Assembly’s Real Property Taxation Committee,...
Rosenberg & Estis, P.C. Counsel David Rosenberg participated in the Virtual Roundtable "Unlock NYC's Potential: City of Yes" led by Edith Hsu-Chen, Executive Director of Department of City Planning, NYC. It was a great conversation about City of Yes for Housing...
Rosenberg & Estis, P.C. was proud to attend the 7th Annual JCON (The Jewish Real Estate Summit) Event. This was R&E's first time at the event, and it certainly won't be the last. R&E Counsel David J. Rosenberg was an esteemed panelist and conversed with...
As we advised in our recent client email blast, the NYC Rent Guidelines Board issued Order #56 authorizing rent increases for rent stabilized apartments and lofts commencing between October 1, 2024 through September 30, 2025. The guideline increases are as follows:...
July 1 was the official start of the NYC Fiscal New Year! On June 30, 2024, the New York City Council passed the $112 billion budget for fiscal year 2025 (July 1, 2024 to June 30, 2025). The city increased the property tax revenue budget +$1 billion to $33.7 billion,...
At the half-way point of 2024, we wanted to remind everyone of the reporting requirements of the Corporate Transparency Act (“CTA”), which took effect on January 1, 2024. While all non-exempt entities created in 2024 are required to comply with the CTA reporting...
On June 6, 2024, the City of Yes for Economic Opportunity (COYEO) zoning text amendments were approved and became effective. Among the many changes COYEO made to the Zoning Resolution was the complete reorganization of the zoning Use Groups. While this was a long...
In this episode of Inside R&E, Michael A. Pensabene, R&E Litigation Member, invites for the second time Tina Larsson, Co-Founder & CEO of The Folson Group, for a high-level discussion of some of New York City’s most substantial Local Laws introduced this...