Unlock the secrets behind New York City’s latest tax abatement program, 485-x, as we sit down with the eminent Tyng Patka, chair of the NYC Real Estate Tax and Incentives Group at Adler & Stachenfeld LLP. Tyng demystifies the complexities of the program, which serves as a pivotal instrument for fostering new multifamily housing developments across the city's five boroughs. Her insights into the strategic utilization of these tax incentives are a treasure trove for developers eyeing to maximize their projects' potential.

This episode is an essential listen for anyone looking to navigate the dynamic real estate waters of New York City with confidence and foresight.

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Join real estate veterans Jeff Znaty and George Giannopoulos of Kings Capital as they pull back the curtain on the dynamic shifts in the property market. This episode provides a critical look at the dissonance between seller expectations and the economic waves of the real estate seas, with expert navigation through the ebbs and flows of interest rate speculation and market realities.

A deep-dive into the complexities of multifamily projects in New York reveals the delicate dance with legal constraints and the importance of construction in driving tax optimization. We also examine the artistry of interior design in high-end construction, rental unit dynamics in NYC, and the impact of shifting demographics on the business landscape. Plus, we reveal personal stories of transformation through meditation and the unwavering significance of a positive, long-term business mindset.

https://kingscapital.com/
info@kingcapitalnyc.com

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Brace yourself for a captivating discussion with our special guest, Daniel Kaykov, a real estate development expert from the Renovation Group. We unravel the art behind his successful condo developments in prime locations such as Greenpoint and Williamsburg and explore his expansion into promising markets like Carroll Gardens, Sunset Park, Astoria, and Long Island City. Daniel shares his wisdom on adapting products to different markets, maintaining efficiency, and keeping them affordable for buyers amid fluctuating interest rates. We also give you a backstage pass to the construction side of things, revealing the challenges that come with excavating and laying foundations, as well as the importance of thorough planning, execution, and, above all, quality control.

Daniel illustrates these complexities with his own experiences, offering an insider's perspective that could be invaluable for anyone interested in the industry.

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