ETPA Ramifications on CRE Investors

The Albany Times Union has reported local governments in Hudson, Newburgh and New Paltz are backing a statewide “Good Cause” eviction bill and expansion of the Emergency Tenant Protection Act of 1974 (ETPA) in upstate NY. Furthermore, it is likely at least six more municipalities will also back these measures. Including the city of Albany. …

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How to Market a Commercial Property with a Challenging Location

When I get a new listing to sell a commercial property with a challenging location, the first thing I do is try to discover and focus on the aspects that are unique or offer a potential competitive advantage for a buyer. How can this property help them with their business? What does it provide that …

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Staying in Your Lane…and Why it Matters

It is very likely you have heard the expression “Stay in Your Lane.” Obviously, it is applicable to driving, but it also has significant meaning in commercial real estate (CRE). The internet and social media have increased the amount of information available and the speed at which someone can obtain information about anything. This access …

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Purchasing a Multi-Unit Commercial Property

An enormous amount of variables impact the decision to purchase and operate multi-family property. Understanding the market, the cost of renovation and the amount of rent that might be charged is critical. What historic and other tax credits that might be available is also of paramount importance. What is the timeline for return on the …

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