Shaping the NYC Skyline

In this episode, we sit down with Wilson Parry, CEO and Co-Founder of PropertyScout, the groundbreaking platform revolutionizing how New York City real estate professionals analyze zoning, air rights, and development potential. A Williamsburg resident and a true zoning and data enthusiast, Wilson’s unconventional path—from artist to real estate broker to tech entrepreneur—has given him a unique perspective on simplifying NYC’s notoriously complex development landscape.Our conversation explores the challenges of navigating zoning regulations and the transformative role of technology in streamlining property analysis. Wilson shares how his firsthand experience in brokerage exposed critical inefficiencies in real estate data, inspiring him to create a tool that integrates everything from zoning resolutions to ownership records into a single, intuitive platform. We dive into the intricate process of coding NYC’s labyrinthine zoning laws into actionable insights and examine the evolving needs of developers, brokers, and architects in an increasingly competitive market.Beyond the technology, Wilson offers a compelling look at how recent zoning initiatives—such as the City of Yes proposal—are reshaping development opportunities, from height bonuses to air rights transfers. He also highlights how PropertyScout’s deep data integration is helping industry professionals uncover hidden development potential, mitigate risk, and accelerate decision-making with greater confidence.But this episode isn’t just about innovation—it’s about vision, persistence, and problem-solving. Wilson’s journey exemplifies the intersection of technology and urban development, showing how data-driven solutions are unlocking new possibilities for the built environment.Join us as we explore how PropertyScout is not only transforming real estate technology but also Shaping the NYC Skyline.More on Shaping the NYC Skyline:Website - https://www.seidenschein.com/podcast/LinkedIn - https://www.linkedin.com/company/shaping-the-nyc-skylineInstagram - Shaping the NYC Skyline (@shapingthenycskyline)YouTube - https://www.youtube.com/@ShapingtheNYCSkylineEmail - [email protected] can Reach our Hosts by email:David Shamshovich [email protected] Slochowsky - [email protected] Almeida - [email protected] & SCHEIN, P.C.570 Lexington Avenue, 14th FloorNew York, NY 10022Email: [email protected]:  (212) 935-1400

In this episode, we sit down with Douglas Romero, Vice President and Head of Construction Lending at Ponce Bank, to explore the critical role community banks play in shaping New York City’s built environment. A proud first-generation New Yorker, Douglas’s journey from the mailroom to a leadership position in real estate finance is a testament to perseverance, ambition, and the power of community-focused lending.With a deep commitment to responsible financing, Douglas ensures that small businesses, first-time developers, and affordable housing projects have the resources they need to succeed. His work extends far beyond loan approvals—it’s about fostering sustainable growth, empowering entrepreneurs, and revitalizing neighborhoods.Throughout this conversation, Douglas offers invaluable insights into the evolving landscape of construction lending, shedding light on the challenges faced by small and mid-sized developers, from navigating rising interest rates to adapting to policy changes like the expiration of 421-a and the introduction of new tax incentives. As the financial landscape shifts, his perspective on responsible lending and economic sustainability has never been more relevant.Douglas also reflects on how his father’s entrepreneurial journey shaped his approach to banking, emphasizing the importance of economic cycles, risk assessment, and mission-driven lending. His expertise provides a rare glimpse into the mechanics of real estate finance—from underwriting to deal structuring—demystifying a process that is often opaque to developers and industry professionals alike.Join us for this insightful discussion as we explore the lender’s role in shaping the NYC skyline and the future of community-driven real estate development.More on Shaping the NYC Skyline:Website - https://www.seidenschein.com/podcast/LinkedIn - https://www.linkedin.com/company/shaping-the-nyc-skylineInstagram - Shaping the NYC Skyline (@shapingthenycskyline)YouTube - https://www.youtube.com/@ShapingtheNYCSkylineEmail - [email protected] can Reach our Hosts by email:David Shamshovich [email protected] Slochowsky - [email protected] Almeida - [email protected] & SCHEIN, P.C.570 Lexington Avenue, 14th FloorNew York, NY 10022Email: [email protected]:  (212) 935-1400

In this episode of Shaping the NYC Skyline, we sit down with Eric Enderlin, President of the New York City Housing Development Corporation (HDC) and a driving force behind the city’s affordable housing initiatives. With more than two decades of experience in urban planning, policy, and finance, Eric has played a central role in expanding and preserving affordable housing, from overseeing record-breaking affordable housing production efforts to securing transformative preservation deals across the City. His expertise in financing programs, zoning reforms, and tax incentives has helped shape the policies that define New York City's housing landscape today.Our conversation delves into the pressing challenges of affordability—examining the economic and social costs of failing to build enough housing, the intricacies of balancing incentives, and the bold policy initiatives working to ensure a more livable and inclusive City. Eric discusses the complexities of creating sustainable mixed-income communities, the important evolving role of public-private partnerships, and the forward-thinking strategies behind initiatives like City of Yes, which aim to modernize zoning regulations and unlock new, and much needed, housing opportunities.As we explore the intersection of housing, infrastructure, and economic mobility, Eric highlights how transit access, zoning flexibility, and strategic investment can expand opportunities for New Yorkers across all income levels. He also offers a behind-the-scenes look at the financial mechanisms that drive affordable housing development—explaining how tax incentives, bond financing, and innovative funding structures shape the future of (affordable) housing in the City.Reflecting on his career trajectory—from early work in land use mediation to leading the nation’s largest municipal housing finance agency—Eric shares key lessons on resilience, adaptability, and the ever-evolving nature of housing policy in one of the world’s most complex real estate markets.Join us as we explore the policies, economics, and long-term vision shaping a more affordable and equitable New York City—one that continues to define the city’s skyline.More on Shaping the NYC Skyline:Website - https://www.seidenschein.com/podcast/LinkedIn - https://www.linkedin.com/company/shaping-the-nyc-skylineInstagram - Shaping the NYC Skyline (@shapingthenycskyline)YouTube - https://www.youtube.com/@ShapingtheNYCSkylineEmail - [email protected] can Reach our Hosts by email:David Shamshovich [email protected] Slochowsky - [email protected] Almeida - [email protected] & SCHEIN, P.C.570 Lexington Avenue, 14th FloorNew York, NY 10022Email: [email protected]:  (212) 935-1400

In this episode of Shaping the NYC Skyline, we explore the complexities of construction project management and development in New York City with Matthew Tritt, founder of Greenlight Consulting. With extensive experience in managing ground-up developments, major commercial renovations, and revitalizing stalled projects, Matt provides deep insights into the challenges and strategies that define the city’s evolving skyline. His discussion emphasizes the critical role of an owner’s representative—navigating intricate regulatory frameworks, ensuring IDA compliance, managing budgets, and mitigating construction risks. Matt highlights how early-stage planning, robust stakeholder engagement, and proactive problem-solving can distinguish a successful project from one burdened by delays and unexpected setbacks. Drawing on real-world examples, he details the impact of unforeseen site conditions, legal disputes, and financial challenges, and explains how his firm’s hands-on approach ensures projects remain on track.Transitioning from a background in film production to real estate, Matt brings a unique blend of vision and precision to large-scale development projects. His expertise in construction logistics and his ability to unite developers, contractors, and financial partners have established him as a trusted leader in the industry. As noted in other segments of the Shaping the NYC Skyline podcast, every project—whether a luxury high-rise or essential workforce housing—benefits from strong leadership, decisive action, and an unwavering commitment to both innovation and community impact.Join us as we uncover the behind-the-scenes realities of building in one of the world’s most challenging markets and learn how strategic leadership is truly shaping New York City’s skyline.More on Shaping the NYC Skyline:Website - https://www.seidenschein.com/podcast/LinkedIn - https://www.linkedin.com/company/shaping-the-nyc-skylineInstagram - Shaping the NYC Skyline (@shapingthenycskyline)YouTube - https://www.youtube.com/@ShapingtheNYCSkylineEmail - [email protected] can Reach our Hosts by email:David Shamshovich [email protected] Slochowsky - [email protected] Almeida - [email protected] & SCHEIN, P.C.570 Lexington Avenue, 14th FloorNew York, NY 10022Email: [email protected]:  (212) 935-1400

Skyliners, we’re back with Episode Two of Season Three! This time, we’re sitting down with Lizzy Zevallos, Assistant Vice President of Development at MAG Partners, whose unconventional path from contemporary dance to real estate development is as fascinating as it is inspiring. Raised by Peruvian parents in New Jersey, Lizzy’s journey is a masterclass in adaptability, blending creativity, architecture, and financial strategy to shape the future of New York City. After a career in dance, she transitioned into real estate, where her unique perspective and problem-solving skills have made her a rising force in the industry.Lizzy shares how her early experiences—from working at a tech startup to winning an architectural design award at Columbia—shaped her ability to think outside the box. We discuss the challenges and innovations behind MAG Partners' Ruby project, her deep dive into affordable housing initiatives, and what 485x means for the future of development in NYC. She also gives us an inside look at the role of placemaking in real estate and the importance of integrating retail spaces that serve both residents and the surrounding community. Plus, Lizzy opens up about her passion for sustainability, how biophilic design is shaping new developments, and what’s next for MAG Partners. We also get into the complexities of navigating city regulations, how she and her team tackled tight 421a deadlines, and the creative problem-solving required to get projects across the finish line. Her insights on leadership, innovation, and resilience make this an episode packed with both inspiration and expertise.Join us as we dive into Lizzy’s remarkable path and explore how she’s Shaping the NYC Skyline.More on Shaping the NYC Skyline:Website - https://www.seidenschein.com/podcast/LinkedIn - https://www.linkedin.com/company/shaping-the-nyc-skylineInstagram - Shaping the NYC Skyline (@shapingthenycskyline)YouTube - https://www.youtube.com/@ShapingtheNYCSkylineEmail - [email protected] can Reach our Hosts by email:David Shamshovich [email protected] Slochowsky - [email protected] Almeida - [email protected] & SCHEIN, P.C.570 Lexington Avenue, 14th FloorNew York, NY 10022Email: [email protected]:  (212) 935-1400

Welcome back, Skyliners! In this episode, we sit down with Toby Snyder, Design Director at FXCollaborative, whose career is a testament to the power of vision, adaptability, and purpose. From his early days as a cartographer at National Geographic to becoming a leading voice in urban planning and design, Toby has always been drawn to the way places evolve. To him, a city isn’t just an aggregation of people, policies, and capital—it’s an act of design, where buildings, neighborhoods, and communities must work together as part of a larger system.Now, Toby is at the forefront of office-to-residential conversions—one of the most critical and complex solutions to NYC’s housing crisis. His deep knowledge of zoning, sustainability, and building adaptability is helping turn underused office towers into much-needed homes, all while preserving the city’s architectural fabric. But his passion goes beyond blueprints—affordability and sustainability aren’t just industry buzzwords to him. Whether designing housing that integrates with its surroundings, navigating the hurdles of NYC’s evolving zoning laws, or mentoring future urban planners at Pratt Institute, Toby is dedicated to making cities work better for everyone.What does it really take to transform an office building into a home? How can urban design fight climate change while keeping housing affordable? And what’s next for City of Yes, the ambitious initiative reshaping NYC’s future? Toby has the answers. Join us as we explore Toby’s passion for creating a more inclusive, resilient, and forward-thinking city in Shaping the NYC Skyline.More on Shaping the NYC Skyline:Website - https://www.seidenschein.com/podcast/LinkedIn - https://www.linkedin.com/company/shaping-the-nyc-skylineInstagram - Shaping the NYC Skyline (@shapingthenycskyline)YouTube - https://www.youtube.com/@ShapingtheNYCSkylineEmail - [email protected] can Reach our Hosts by email:David Shamshovich [email protected] Slochowsky - [email protected] Almeida - [email protected] & SCHEIN, P.C.570 Lexington Avenue, 14th FloorNew York, NY 10022Email: [email protected]:  (212) 935-1400

As we wrap up the Season 2 of Shaping the NYC Skyline, we couldn’t have asked for a more dynamic and inspiring guest to send us into the new year: Ryan Serhant. Known worldwide as a luxury real estate powerhouse, media personality and founder of SERHANT., Ryan has redefined the art of attention in business—and the power of personal branding.In this episode, Ryan reflects on his journey from aspiring actor to real estate mogul, navigating challenges like the 2008 financial crisis and founding his namesake firm during the pandemic. With his signature candor, he reveals how his relentless focus on building a brand—not just closing deals—allowed him to disrupt the real estate industry.Episode HighlightsThe Business of AttentionRyan shares why capturing attention, not just showcasing expertise, is the ultimate key to modern success.The “3 E’s” of SuccessDiscover how Empathy, Energy, and Enthusiasm define Ryan’s negotiation style and leadership philosophy.Owning ManhattanGo behind the scenes of Ryan’s Netflix series and see how he blends personal and professional life into a compelling narrative of ambition and adaptability.From NYC to BeyondLearn about SERHANT.’s rapid expansion and Ryan’s thoughts on staying relevant in an ever-evolving market.The Risks and Rewards of Going All-InRyan reflects on the challenges of putting his name on the line and how meticulous attention to branding has elevated his firm to global recognition.As we close out this season, we reflect on the incredible stories shared by our guests and the lessons we’ve all gained from their experiences. This finale sets the tone for what’s to come in Season 3, where we’ll dive deeper into transformative topics, including City of Yes zoning changes beyond the newly introduced Universal Affordability Preference and other pivotal developments Shaping the NYC Skyline.More on Shaping the NYC Skyline:Website - https://seidenschein.com/podcastLinkedIn - https://www.linkedin.com/company/shaping-the-nyc-skyline/Instagram - Shaping the NYC Skyline (@shapingthenycskyline)YouTube - https://www.youtube.com/@ShapingtheNYCSkylineEmail - [email protected] can Reach our Hosts by email:David Shamshovich [email protected] Slochowsky - [email protected] Almeida - [email protected] & SCHEIN, P.C.570 Lexington Avenue, 14th FloorNew York, New York 10022Tel.:  212-935-1400Email: [email protected]

About the HostsDavid Shamshovich, Brenda Slochowsky, and Camila Almeida are seasoned real estate attorneys at Seiden & Schein, P.C., specializing in New York City’s affordable housing programs, including Inclusionary and Mandatory Inclusionary Housing, from initial applications and approvals to final project completion. They also handle HPD initiatives and real estate transactions like buy-sell agreements, loans, and joint ventures. As the team behind the Shaping the NYC Skyline podcast, launched in April 2023, they manage everything from guest booking and hosting to editing and promotion.City of Yes for Housing OpportunityThis episode explores the City of Yes for Housing Opportunity zoning amendment (adopted Dec. 5, 2024), introducing the Universal Affordability Preference (UAP) program, replacing Voluntary Inclusionary Housing (VIH), and updates to Mandatory Inclusionary Housing (MIH). These changes aim to simplify processes, broaden eligibility, and promote affordable housing development in New York City.Key Takeaways1. UAP Replaces and Expands VIH:  The UAP program replaces the now-defunct VIH framework, broadening eligibility and geographic scope. It introduces affordability requirements across a range of Area Median Income (AMI) levels, ensuring that the program accommodates the city’s diverse population.2. UAP Offsite Option Area:  Under the UAP framework, affordable housing units can be located offsite (including via transfer of Inclusionary Air Rights generated under VIH), provided that the subject UAP development is located in a UAP Offsite Option Area (i.e., former Inclusionary Housing Designated Areas or R10 (or R10 equivalent) zoning districted).3. Integration with Tax Incentives:  UAP is designed to work with existing tax exemption programs, such as 485-x and 467-m. The additional floor area provided under UAP can be utilized to for the affordable tax exemption units.4. Streamlined Procedures:  UAP and MIH include streamlined and more flexible application and completion protocols, resulting in faster project approvals, earlier occupancy, and quicker cash flow.5. Vesting Under VIH:  Projects seeking to vest under VIH must meet specific criteria, including filing an affordable housing application with the NYC Department of Buildings (DOB) by the adoption date, securing DOB approval within one year, and entering into a regulatory agreement with HPD within two years.6. Enhanced Oversight by HPD:  HPD now wields greater discretion to approve or disapprove building configurations that may segregate affordable units or stigmatize residents. Additionally, HPD can mandate rental affordable housing over homeownership where it deems necessary.ConclusionThe City of Yes initiative, featuring the new UAP and updated MIH programs, represents a major step toward citywide affordable housing. It promotes economic diversity, improves feasibility with increased FAR allowances, and streamlines approvals. Developers must adapt to these changes and upcoming HPD guidelines to maximize opportunities.For those navigating these shifts, the professionals at Seiden & Schein, P.C.—David, Brenda, and Camila—offer expert guidance from project concept to completion. Tune in to this episode for timely insights into the policies and regulations that are Shaping the NYC Skyline.More on Shaping the NYC Skyline:Website - https://www.seidenschein.com/podcast/LinkedIn - https://www.linkedin.com/company/shaping-the-nyc-skyline/Instagram - Shaping the NYC Skyline (@shapingthenycskyline)YouTube - https://www.youtube.com/@ShapingtheNYCSkylineEmail - [email protected] Email - [email protected] – (212) 935-1400You can Reach our Hosts by email:David Shamshovich [email protected] Slochowsky - [email protected] Almeida - [email protected] & SCHEIN, P.C.570 Lexington Avenue, 14th FloorNew York, New York 10022

Buckle up, Skyliners, for an illuminating episode with Deborah Moelis, AIA, a Principal and founding member of Handel Architects, whose pioneering work is pushing the boundaries of sustainable design in urban environments. Deborah's journey takes us into the intricate world of Passive House design, a standard that dramatically reduces energy consumption by creating airtight, thermally efficient structures. She shares her experience managing Cornell Tech’s residential tower—once the world's largest building constructed to Passive House standards—where she led a team that set new benchmarks for energy efficiency and sustainability.Deborah’s current project, Sendero Verde, is equally groundbreaking, poised to be the largest fully affordable Passive House in the world upon completion. In our conversation, she delves into the critical components of Passive House, emphasizing the importance of creating airtight facades and incorporating mechanical systems that ensure continuous ventilation while maintaining energy efficiency.We also explore Deborah’s thoughts on the evolving construction industry, particularly regarding modular construction, thermal breaks, and energy recovery systems. She discusses how effective design can mitigate common issues such as heat loss and pest intrusion, significantly enhancing the quality of life for residents.Throughout our discussion, Deborah passionately advocates for the integration of sustainable practices in architecture, underscoring the importance of meeting building codes and embracing new technologies. As cities face the challenges of climate change, her insights highlight the vital role that innovative design plays in shaping not just individual buildings but also the broader landscape of affordable housing and urban living. Join us for this in-depth exploration of how Deborah Moelis and her team are truly Shaping the NYC Skyline.More on Shaping the NYC Skyline:Website - https://www.seidenschein.com/podcast/LinkedIn - https://www.linkedin.com/company/shaping-the-nyc-skyline/Instagram - Shaping the NYC Skyline (@shapingthenycskyline)YouTube - https://www.youtube.com/@ShapingtheNYCSkylineEmail - [email protected] Email - [email protected] -  212-935-1400You can Reach our Hosts by email:David Shamshovich [email protected] Slochowsky - [email protected] Almeida - [email protected] & SCHEIN, P.C.570 Lexington Avenue, 14th FloorNew York, NY 10022

Get ready, Skyliners! This week, we’re thrilled to bring you an episode spotlighting James Nelson, Principal and Head of Tri-State Investment Sales at Avison Young, WSJ bestselling author of The Insider’s Edge to Real Estate Investing, and host of a podcast by the same name. With over 25 years of experience and more than $5 billion in real estate transactions, James is an unparalleled source of expertise. From his early days as an English major at Colgate to becoming one of New York City’s most respected investment brokers, James shares his remarkable and hard-earned lessons, offering actionable and valuable insights for listeners.Inside the EpisodeJames takes us behind the scenes of his innovative approach to real estate brokerage, detailing how his shift from a territorial system to specialization by asset class has transformed his team’s success. From multifamily and office properties to retail and development assets, James’s focused expertise delivers results across New York City’s ever-evolving real estate landscape.Key HighlightsThe State of NYC Real EstateExplore James’s expert take on current market trends, including:Challenges and opportunities in the multifamily market post-2019 rent reforms.The resurgence of retail.The potential of office-to-residential conversions to address NYC’s housing crisis.The Art of Deal-Making Learn James’s practical strategies for successful transactions, including: The critical importance of reputation and transparency.How being upfront about challenges can lead to stronger outcomes.Creative ways to uncover hidden value in properties, through zoning insights and key relationships.Lessons for Aspiring Investors: James shares must-know advice for beginners, such as:Partnering with experienced professionals.Accurately assessing risks.Building the right team for long-term success.Why You Should ListenWhether you’re an aspiring investor, a seasoned professional, or simply curious about the world of real estate, this episode is packed with actionable takeaways. James’s inspiring career journey and deep industry knowledge provide a masterclass in transforming challenges into opportunities and gaining that insider’s edge in Shaping the NYC Skyline.More on Shaping the NYC Skyline:Website - https://www.seidenschein.com/podcast/ LinkedIn - https://www.linkedin.com/company/shaping-the-nyc-skyline/Instagram - @shapingthenycskylineYouTube - https://www.youtube.com/@ShapingtheNYCSkylineEmail - [email protected] -  212-935-1400You can Reach our Hosts by email:David Shamshovich [email protected] Slochowsky - [email protected] Almeida - [email protected] & SCHEIN, P.C.570 Lexington Avenue, 14th FloorNew York, NY 10022

Buckle up, Skyliners, for a fascinating deep dive into the world of title insurance with Zoy Balaskas, Senior Vice President and Chief Underwriting Counsel at Commonwealth Land Title Insurance Company’s New York National Commercial Services. With over 20 years of experience, Zoy takes us through her process of “title forensics”—a meticulous, investigative approach to uncovering and resolving the hidden complexities that go beyond basic title clearance.Zoy unpacks her methods for tackling intricate title issues, from untangling overlapping property boundaries to clearing old, unpaid mortgages and navigating tricky easements. Each problem demands a custom solution, blending legal expertise with an almost instinctual ability to detect red flags. In one standout story, Zoy describes how her title investigation led her to land records dating back to the 1800s. She even ventured into the “dungeon” archives of the New York Public Library to uncover historical maps—essential clues to solving the title puzzle.Reflecting on industry evolution, Zoy explains how New York’s traditional, in-person closings have shifted to remote escrow processes, accelerated by the COVID-19 pandemic. She shares how her team creatively adapted to pandemic challenges, from closed clerk’s offices to delayed records, ensuring that deals stayed on track. Technology, she notes, has reshaped the industry, introducing both efficiencies and new pressures for faster decision-making.Zoy also brings us up to speed on recent changes to the Title Insurance Rate Service Association (TIRSA) Rate Manual, which now offers New York buyers and lenders a broader array of endorsements, aligning the state more closely with national standards. And she unpacks the vital distinction between omitting exceptions from a policy and obtaining affirmative insurance, explaining how transparency and disclosure in title policies are essential for long-term marketability. Methodical yet adaptive, Zoy tackles each transaction as a unique case, understanding that every property has its own history, quirks, and risks. This episode spotlights the essential, often behind-the-scenes work of title insurance professionals like Zoy, whose expertise plays a critical role in Shaping the NYC Skyline.More on Shaping the NYC Skyline:Website - https://seidenschein.com/LinkedIn - https://www.linkedin.com/company/seiden-&-schein-p-c-/Instagram - Shaping the NYC Skyline (@shapingthenycskyline)Facebook - https://www.facebook.com/SeidenScheinYouTube - https://www.youtube.com/@ShapingtheNYCSkylineEmail - [email protected] Email - [email protected] -  212-935-1400You can Reach our Hosts by email:David Shamshovich [email protected] Slochowsky - [email protected] Almeida - [email protected] can Reach our Guest by email:[email protected] & SCHEIN, P.C.570 Lexington Avenue, 14th FloorNew York, NY 10022

In this episode, we are thrilled to feature Basha Gerhards, Senior Vice President of Planning at the Real Estate Board of New York (REBNY). With her deep expertise and unique perspective, Basha sheds light on the intricate and ever-evolving landscape of real estate development in New York City. Drawing on her rich background in urban planning, land use, and zoning, she has successfully bridged the gap between government policy and community-driven urban initiatives.In this insightful conversation, Basha takes us through her career journey, which began with a Master’s in Urban Planning from Columbia University and led to impactful roles, including as Senior Land Use Advisor to former Manhattan Borough President Gale Brewer and Planner at the NYC Department of City Planning. Now at REBNY, Basha continues to be a driving force behind key initiatives shaping New York City's future—particularly in the areas of housing affordability, sustainable development, and land use policy. Her passion for community engagement is unmistakable, as she highlights the essential role of listening to communities and championing thoughtful, equitable solutions. From leading pivotal policy changes to tackling the complex challenges of housing production and office-to-residential conversions, Basha’s work is instrumental in creating a more resilient and inclusive NYC.Basha’s journey is not only informative but also deeply inspiring. She shares how her love for art, history, and design has fueled her dedication to improving the city she calls home. Her path reflects a profound commitment to making New York a more equitable place for all, and her insights into today’s challenges and opportunities in urban planning are truly invaluable.Join us as we explore Basha Gerhards' remarkable career, her hands-on experience in urban planning and development, and the groundbreaking policy solutions she is championing all in service of Shaping the NYC Skyline.More on Shaping the NYC Skyline:Website - https://seidenschein.com/LinkedIn - https://www.linkedin.com/company/seiden-&-schein-p-c-/Instagram - Shaping the NYC Skyline (@shapingthenycskyline)Facebook - https://www.facebook.com/SeidenScheinYouTube - https://www.youtube.com/@ShapingtheNYCSkylineEmail - [email protected] Email - [email protected] -  212-935-1400You can Reach our Hosts by email:David Shamshovich [email protected] Slochowsky - [email protected] Almeida - [email protected] & SCHEIN, P.C.570 Lexington Avenue, 14th FloorNew York, NY 10022

In this bonus episode of Shaping the NYC Skyline, we’re once again joined by Jason Hershkowitz, Partner at Seiden & Schein, P.C., to analyze the newly proposed rules from the Department of Housing Preservation and Development (HPD) for the 485-x and 467-m tax exemption programs. Jason walks us through the key differences between the proposed rules and those under the now-expired 421-a tax exemption program. With these rules still in the public comment phase, Jason emphasizes the importance of developers taking an active role in shaping the final rules before the November deadline.Key takeaways:New Filing Requirements: A significant shift under 485-x is the requirement for developers to file an applicant registration within six months of commencing construction, notifying HPD of their intent to apply for the exemption. Additionally, 25% of the application fee is now due when submitting the workbook, a departure from 421-a’s post-construction fee schedule​.MWBE Requirements: The 485-x program introduces a 25% Minority and Women-Owned Business Enterprise (MWBE) spending threshold for project design and construction contracts. While this provides a clear compliance path, questions remain for developers who do not meet the threshold and must demonstrate “reasonable efforts"—a standard still subject to HPD discretion​Construction Wage Thresholds: Jason highlights the expanded wage requirements, which now apply to projects in specific zones and of a certain size. Developers must notify HPD of wage compliance at least three months before construction starts. Penalties for non-compliance include significant fines and potential forfeiture of tax benefits​Permanent Affordability: A critical change in both 485-x and 467-m is the requirement for permanent affordability. Units that are affordable under those programs will remain affordable and rent-stabilized even after the tax benefit period ends, with HPD maintaining oversight, adding a layer of ongoing compliance that didn’t exist under 421-a.This episode provides essential insights into how developers can navigate the proposed regulations and the public comment process before the rules are finalized. Jason’s practical advice on compliance and avoiding costly penalties is invaluable. Be sure to also check out our earlier episode, The 485-x Tax Exemption Explained: A Deep Dive with Jason Hershkowitz, for a foundational overview of the 485-x tax exemption program.More on Shaping the NYC Skyline:Website - https://www.seidenschein.comLinkedIn - https://www.linkedin.com/company/shaping-the-nyc-skylineInstagram - Shaping the NYC Skyline (@shapingthenycskyline)Facebook - https://www.facebook.com/SeidenScheinYouTube - https://www.youtube.com/@ShapingtheNYCSkylineEmail - [email protected] Email - [email protected] -  212-935-1400You can Reach our Hosts by email:David Shamshovich [email protected] Slochowsky - [email protected] Almeida - [email protected] can also reach Jason Hershkowitz by email at:  [email protected] & SCHEIN, P.C.570 Lexington Avenue, 14th FloorNew York, NY 10022

Get ready, Skyliners, for an eye-opening exploration into the heart of labor and advocacy with Kevin Elkins, Political Director of the New York City District Council of Carpenters (NYCDCC). In this episode, we dive into Kevin’s remarkable journey from running political campaigns to becoming a pivotal voice in the fight for construction workers in NYC.  Kevin takes us behind the scenes of the intense battles surrounding the inclusion of construction worker wage requirements as part of the new 485X statute, offering an insider’s perspective on the high-stakes negotiations that are reshaping the future of real estate development in NYC. From his roots in Staten Island’s unique political landscape to his current role championing the needs of carpenters, Kevin’s story is one of resilience and unwavering dedication. He opens up about the union’s challenges, recounting the strategic moves and hard-fought victories that have marked his tenure. You’ll hear personal stories about the union’s relentless pursuit of fair treatment and how Kevin has leveraged his political experience to overcome legislative hurdles, with the goal of ensuring that real estate development programs in NYC prioritize the rights and wages of construction workers. Join us for an insightful discussion that goes beyond the perspectives of NYC real estate developers, offering a rare and candid look at the union's relentless efforts and its ongoing battles. Gain a deeper understanding of the workers’ side and the critical role that labor unions play in Shaping the NYC Skyline.More on Shaping the NYC Skyline:Website - https://seidenschein.com/LinkedIn - https://www.linkedin.com/company/seiden-&-schein-p-c-/Instagram - Shaping the NYC Skyline (@shapingthenycskyline)Facebook - https://www.facebook.com/SeidenScheinYouTube - https://www.youtube.com/@ShapingtheNYCSkylineEmail - [email protected] - (212) 935-1400You can Reach our Hosts by email:David Shamshovich [email protected] Slochowsky - [email protected] Almeida - [email protected] & SCHEIN, P.C.570 Lexington Avenue, 14th FloorNew York, NY 10022

Get ready, Skyliners, for an inspiring episode featuring Andrew Esposito, Founder of Apex Development. Andrew's journey is a remarkable tale of strategic pivots and relentless ambition. His transition from a top law graduate to a trailblazer in real estate development is both inspiring and instructive. Despite his impressive academic achievements, graduating summa cum laude from Fordham University and St. John's University School of Law, Andrew chose a different path, one that led him to become a significant force in the real estate landscape of New York City.Our conversation uncovers Andrew’s unconventional shift from practicing law to mastering real estate development. After initially working at Barone Management, where he honed his skills and knowledge, Andrew launched Apex Development, which focuses on the development of charter schools, an asset class he became very familiar with during his tenure at Barone, and multi-family housing. His ability to navigate the complexities of zoning and his deep understanding of the economics surrounding development in New York City have been pivotal to his success.In this episode, Andrew provides a deep understanding of the intricacies of charter school development, including securing the ideal site based on considerations unique to an educational facility, negotiating the master lease with the charter school, and obtaining construction financing. Andrew's story highlights the importance of mentorship, a growth mindset, and seizing opportunities.Join us as we delve into Andrew Esposito's extraordinary journey, exploring his innovative approach to real estate development and how he harnessed the power of practical experience and strategic risk-taking all in service of Shaping the NYC Skyline.More on Shaping the NYC Skyline:Website - https://www.seidenschein.com/podcast/ LinkedIn - https://www.linkedin.com/company/shaping-the-nyc-skyline/Instagram - Shaping the NYC Skyline (@shapingthenycskyline)YouTube - https://www.youtube.com/@ShapingtheNYCSkylineEmail - [email protected] our Hosts by phone, at (212) 935-1400, or by email, as follows:David Shamshovich [email protected] Slochowsky - [email protected] Almeida - [email protected] & SCHEIN, P.C.570 Lexington Avenue, 14th FloorNew York, NY 10022

Buckle up, Skyliners, for an illuminating episode featuring Professor David Reiss, formerly of Brooklyn Law School and now at Cornell Law School and Cornell Tech. Renowned for his expertise in real estate finance and community development, Professor Reiss has shaped countless legal minds, including our very own David Shamshovich, with his practical approach to complex concepts. This episode offers a rare glimpse into his journey from NYU Law School and prestigious law firms to his influential role in academia, where he has spent over two decades demystifying real property law.Starting as an associate at major law firms, David soon discovered his passion for teaching. This led him to Brooklyn Law School, where he served as a professor and the founding director of the Community Development Clinic. His dedication to education is matched by his commitment to real-world impact, evidenced by his work with not-for-profits and his previous role as Chair of the NYC Rent Guidelines Board.In this episode, David delves into the critical role the Community Development Clinic has played in providing hands-on experience to students, preparing them for real-world transactional and corporate real estate challenges. He emphasizes the importance of consumer protection in the housing market, drawing lessons from the subprime mortgage crisis. David also shares insights on the evolution of real estate finance, discussing the transition from mutual savings to sophisticated global capital markets, and the lasting impacts of historical events like the Great Depression and the 2007-2008 financial crisis.Listeners will gain a deeper understanding of how these complex systems work and the importance of regulatory frameworks in protecting consumers and maintaining market stability. David’s ability to simplify intricate concepts has made him a beloved figure among students and colleagues alike, earning him a reputation as one of the best in his field.Join us as we explore Professor David Reiss’s extraordinary career, his innovative approach to legal education, and his deep belief in the power of practical experience. Without further ado, we present Professor David Reiss, a beacon of knowledge and a guiding light in Shaping the NYC Skyline!More on Shaping the NYC Skyline:Website - https://www.seidenschein.com/podcast/ LinkedIn - https://www.linkedin.com/company/shaping-the-nyc-skyline/Instagram - Shaping the NYC Skyline (@shapingthenycskyline)YouTube - https://www.youtube.com/@ShapingtheNYCSkylineEmail - [email protected] our Hosts by phone, at (212) 935-1400, or by email, as follows:David Shamshovich [email protected] Slochowsky - [email protected] Almeida - [email protected] our Guest Professor David Reiss by email at [email protected] & SCHEIN, P.C.570 Lexington Avenue, 14th FloorNew York, New York 10022

Join us for an enlightening conversation with Richie Zav, the Head of Development at Diamond Dev Group. Richie, a self-taught developer from Queens, New York, has made a remarkable journey from real estate broker to a key figure in the development industry. With a business administration degree from Queensborough Community College and advanced studies in real estate development from Baruch College, Richie’s hands-on and innovative approach sets him apart.In this episode, Richie shares his insights on the complexities of construction and development, and how he is making these topics accessible through his popular Instagram videos. He delves into the strategic importance of opportunity zones, recounts his experiences with innovative projects like the Rockaway condo development, and emphasizes the critical role of a dedicated team. Richie also discusses his success in securing the 421-a tax incentive, showcasing his expertise in navigating New York’s real estate landscape.Discover how Richie’s commitment to excellence and community, combined with his resourcefulness and strong team support, have enabled him to inspire the next generation of real estate developers and Shape the NYC Skyline. More on Shaping the NYC Skyline:Website - https://seidenschein.com/LinkedIn - https://www.linkedin.com/company/seiden-&-schein-p-c-/Instagram - Shaping the NYC Skyline (@shapingthenycskyline)Facebook - https://www.facebook.com/SeidenScheinYouTube - https://www.youtube.com/@ShapingtheNYCSkylineEmail - [email protected] Email - [email protected] -  212-935-1400You can Reach our Hosts by email:David Shamshovich [email protected] Slochowsky - [email protected] Almeida - [email protected] & SCHEIN, P.C.570 Lexington Avenue, 14th FloorNew York, NY 10022

Welcome to another compelling episode of “Shaping the NYC Skyline,” where we had the privilege of sitting down with David Schwartz, Co-Founder and Principal of Slate Property Group. David's journey in real estate is nothing short of remarkable, filled with transformative projects that have left a significant mark on New York City's landscape. His impressive portfolio includes transitional housing, hotel-to-residential conversions, and innovative subsidized projects, all reflecting his deep commitment to meeting the evolving needs of communities.Raised by a traffic commissioner father (Sam Schwartz, AKA Gridlock Sam) and a social worker mother, David embodies the ethos of a socially conscious developer. He is a true champion for the most vulnerable members of society. His leadership and out-of-the-box thinking have propelled Slate Property Group to the forefront of the real estate development industry. In our conversation, we explore David's insights into the intricacies of real estate development. From navigating regulatory challenges to the creative process of putting together groundbreaking deals, David shares his extensive knowledge and experiences. Listeners will gain valuable insights into various aspects of real estate development, including the complexities of financing, the importance of understanding market dynamics, and the necessity of innovative solutions to housing challenges. David's dedication to social responsibility and his ability to turn "crazy ideas" into reality make this episode a must-listen for anyone interested in real estate development and community impact. His visionary approach and commitment to making a positive difference truly set him apart as a leader in the industry.Join us as we unravel the complexities of real estate development with David Schwartz and discover how his unwavering dedication to innovation and social responsibility is truly Shaping the NYC Skyline. More on Shaping the NYC Skyline:Website - https://seidenschein.com/LinkedIn - https://www.linkedin.com/company/seiden-&-schein-p-c-/Instagram - Shaping the NYC Skyline (@shapingthenycskyline)Facebook - https://www.facebook.com/SeidenScheinYouTube - https://www.youtube.com/@ShapingtheNYCSkylineEmail - [email protected] Email - [email protected] -  (212) 935-1400You can Reach our Hosts by email:David Shamshovich [email protected] Slochowsky - [email protected] Almeida - [email protected] & SCHEIN, P.C.570 Lexington Avenue, 14th FloorNew York, NY 10022

Get ready, Skyliners, for an engaging episode with our distinguished guest, Jed Resnick, the CEO of Douglaston Development. Jed brings a wealth of experience in real estate development, acquisitions, and finance, positioning him as a pivotal player in New York City’s real estate market.In today’s discussion, we delve into the critical role of asset proximity in the real estate development process, construction dynamics, and the essential elements for successful housing initiatives in NYC. We explore the diverse range of projects developed by Douglaston, including mixed-income, Mandatory Inclusionary Housing, fully-affordable, senior living, and luxury condominiums.Jed's narrative from an earnest beginning to leading one of NYC’s most influential development companies underscores the importance of strategic foresight and unwavering determination. Drawing from his impressive tenures at LeFrak and Douglaston, Jed offers invaluable insights and perspectives that have significantly impacted the city’s landscape.Join us to learn from Jed's experiences as he navigates the challenges of the real estate industry, identifies opportunities unseen by others, and gains a competitive edge in Shaping the NYC Skyline. More on Shaping the NYC Skyline:Website - https://seidenschein.com/LinkedIn - https://www.linkedin.com/company/seiden-&-schein-p-c-/Instagram - Shaping the NYC Skyline (@shapingthenycskyline)Facebook - https://www.facebook.com/SeidenScheinYouTube - https://www.youtube.com/@ShapingtheNYCSkylineEmail - [email protected] Email - [email protected] -  212-935-1400You can Reach our Hosts by email:David Shamshovich [email protected] Slochowsky - [email protected] Almeida - [email protected] & SCHEIN, P.C.570 Lexington Avenue, 14th FloorNew York, NY 10022

In this special bonus episode of Shaping the NYC Skyline, we welcome back Jason Hershkowitz, Partner at Seiden & Schein, P.C. and head of the firm’s real estate tax incentives group. Jason's extensive knowledge of New York's complex property tax exemption programs makes his expertise crucial for anyone navigating the city’s evolving real estate landscape. During this episode, Jason dives into the intricacies of the newly enacted 485-x real estate tax exemption, the replacement for the expired 421-a tax exemption program. He thoroughly discusses the statute’s updated affordability requirements and tax benefits, and new requirements including minimum wages and Minority and Women-owned Business Enterprises (WMBE) participation. His analysis not only illuminates the statutory details but also explores their practical implications on project planning and execution, making it essential listening for developers and investors. This episode is packed with crucial information on the new 485-x real estate tax exemption, offering listeners a detailed overview of the statute’s framework and the challenges and opportunities it presents. Tune in to gain valuable insights from one of the foremost voices in real estate tax incentives in New York City, and get a head start on mastering the complexities of this significant legislative update. More on Shaping the NYC Skyline:Website - https://seidenschein.com/LinkedIn - https://www.linkedin.com/company/seiden-&-schein-p-c-/Instagram - Shaping the NYC Skyline (@shapingthenycskyline)Facebook - https://www.facebook.com/SeidenScheinYouTube - https://www.youtube.com/@ShapingtheNYCSkylineEmail - [email protected] Email - [email protected] - (212) 935-1400 You can Reach our Hosts by email:David Shamshovich [email protected] Slochowsky - [email protected] Almeida - [email protected] You can Reach Jason by email:Jason Hershkowitz – [email protected]  SEIDEN & SCHEIN, P.C.570 Lexington Avenue, 14th FloorNew York, NY 10022

Dive into another compelling episode of Shaping the NYC Skyline. This time we are joined by Jane Rosenberg, Partner at Seiden & Schein, whose illustrious career is a mosaic of ambition, happenstance, and strategic brilliance in New York's real estate sector. Jane's journey is a testament to her unwavering dedication to making a difference. From her early aspirations in journalism instilled by her father's maxim to ‘do good,' Jane's voyage has been anything but ordinary. A serendipitous conversation transformed her journalistic endeavors into a pioneering journey through law school, leading to a crucial stint in public service where she championed legislative reforms. In the 1980s, Jane played a pivotal role in drafting legislation for co-op conversions.  She later went into private practice where she found success in multiple law firms, the most recent of which is our very own Seiden & Schein.Throughout her career spanning over three decades, Jane has navigated challenges with grace and determination, emerging as a beacon of knowledge and advocate in the world of NYC cooperatives and condominiums. Jane's path has been marked by resilience and a commitment to effecting positive change in NYC housing.Don't miss this opportunity to delve into Jane's captivating career to being a brand name in the real estate legal business. Jane’s tale is sure to inspire, taking us deep into Jane’s insights, wisdom, and unwavering dedication to Shaping the NYC Skyline. More on Shaping the NYC Skyline:Website - https://seidenschein.com/LinkedIn - https://www.linkedin.com/company/seiden-&-schein-p-c-/Instagram - Shaping the NYC Skyline (@shapingthenycskyline)Facebook - https://www.facebook.com/SeidenScheinYouTube - https://www.youtube.com/@ShapingtheNYCSkylineEmail - [email protected] Email - [email protected] -  212-935-1400You can Reach our Hosts by email:David Shamshovich - [email protected] Slochowsky - [email protected] Almeida - [email protected] & SCHEIN, P.C.570 Lexington Avenue, 14th FloorNew York, NY 10022You can Reach Jane Rosenberg by email:Jane Rosenberg - [email protected] 

Dive into the inspiring journey of Jamie Smarr, the President and CEO of the NYC Housing Partnership, an entity originally established by David Rockefeller and Edward Koch to address the challenges New York City faced with tax-foreclosed properties and returning these properties to their intended use. Jamie Smarr’s career is a testament to his deep commitment to economic development and fostering collaborative efforts between the private sector and government to create housing and build communities.Jamie’s leadership roles, from directing the housing incentives division at the New York City Department of Housing Preservation and Development (HPD) to his impactful tenures at the NHP Foundation and the New York City Education Construction Fund (ECF), have contributed to the creation of thousands of affordable housing units and public school seats, and the development of a million square feet of other spaces. These achievements underscore his influence in redefining the city’s landscape and enhancing the lives of its residents. His commitment to utilizing economic growth for community betterment continues at the NYC Housing Partnership, where he champions initiatives in the affordable housing sector.Tune in as Jamie Smarr shares his profound insights and rich experiences, offering a compelling narrative on the synergy of business, government, and community in Shaping the NYC Skyline. More on Shaping the NYC Skyline:Website - https://seidenschein.com/LinkedIn - https://www.linkedin.com/company/seiden-&-schein-p-c-/Instagram - Shaping the NYC Skyline (@shapingthenycskyline)Facebook - https://www.facebook.com/SeidenScheinYouTube - https://www.youtube.com/@ShapingtheNYCSkylineEmail - [email protected] Email - [email protected] -  212-935-1400You can Reach our Hosts by email:David Shamshovich - [email protected] Slochowsky - [email protected] Almeida - [email protected] & SCHEIN, P.C.570 Lexington Avenue, 14th FloorNew York, NY 10022

Buckle up, Skyliners, for a riveting episode featuring Margaret Ling, NYC Agency Business Development and Underwriting Counsel for AmTrust Title. Spanning three decades, Margaret’s career is a testament to resilience, sharp acumen, and a profound commitment to enriching communities and individuals alike.Margaret's extraordinary journey commenced with clerking for Chief Judge Constance Baker Motley, the first African American woman to serve on the federal bench, laying the foundation for a career replete with significant achievements and relentless advocacy for justice. Although her stint in immigration law following her clerkship was brief and fraught with challenges, it ignited her determination to discover her true passion. That resolve led her to real estate law, where she not only thrived but also became a formidable force, eventually being recruited for a role with a title agent and, in record time, thereafter obtaining an esteemed position with a title underwriter, a testament to her exceptional expertise and talents. Beyond her professional triumphs, Margaret's influence deeply resonates within the community, underscored by her dedication to mentorship and legal education. More than a chronicle of career achievements, this episode embodies the spirit of resilience and motivation and the critical importance of building bridges in Shaping the NYC Skyline. More on Shaping the NYC Skyline:Website - https://seidenschein.com/LinkedIn - https://www.linkedin.com/company/seiden-&-schein-p-c-/Instagram - Shaping the NYC Skyline (@shapingthenycskyline)Facebook - https://www.facebook.com/SeidenScheinYouTube - https://www.youtube.com/@ShapingtheNYCSkylineEmail - [email protected] Email - [email protected] -  212-935-1400You can Reach our Hosts by email:David Shamshovich [email protected] Slochowsky - [email protected] Almeida - [email protected] & SCHEIN, P.C.570 Lexington Avenue, 14th FloorNew York, NY 10022

In this episode, we sit down with Eli Weiss, Principal of Joy Construction Corp., a key player in New York City's dynamic housing landscape. Eli, a native Brooklynite, shares his insightful journey into the world of real estate, starting with his formative years at the New York City Housing Development Corporation (HDC), where he worked on subsidized affordable housing transactions, witnessing first-hand the critical importance of synergistic public-private partnerships for fostering sustainable housing growth.After transitioning into the private sector, Eli expanded into construction and worked on affordable housing and other types of real estate developments. Throughout our discussion, he explains the strategic significance of real estate proximity to transportation and the dire need for ongoing housing production, an issue made more acute by the lapse of the 421-a real estate tax exemption.Eli speaks openly about the array of challenges faced when building in New York City's current environment, from soaring interest rates to community opposition and political obstacles. He also shares personal stories of determination, including how he navigated the repercussions of a judicial ruling that annulled the Inwood rezoning previously approved by the City Council (a decision that was later overturned).Join us as we delve into Eli’s illustrious career and how his steadfast commitment to creating affordable housing is Shaping the NYC Skyline.More on Shaping the NYC Skyline:Website - https://seidenschein.com/LinkedIn - https://www.linkedin.com/company/seiden-&-schein-p-c-/Instagram - Shaping the NYC Skyline (@shapingthenycskyline)Facebook - https://www.facebook.com/SeidenScheinYouTube - https://www.youtube.com/@ShapingtheNYCSkylineEmail - [email protected] Email - [email protected] -  212-935-1400You can Reach our Hosts by email:David Shamshovich [email protected] Slochowsky - [email protected] Almeida - [email protected] & SCHEIN, P.C.570 Lexington Avenue, 14th FloorNew York, NY 10022

In this episode, we had the privilege of talking to Kim Darga, Deputy Commissioner for Development at the New York City Department of Housing Preservation and Development (HPD). With an impressive tenure of over 16 years at HPD, Kim offers an unparalleled insight into the agency's dedicated efforts to combat the affordable housing crisis facing New York City.Our conversation delves into the innovative solutions and creative problem-solving that Kim and her team are relentlessly pursuing to navigate the complex landscape of urban development and housing affordability. Despite facing numerous challenges and legislative hurdles, HPD is forging ahead, actively collaborating with developers and property owners, seeking their input in an effort to tailor programs to the community's needs. Kim highlights HPD’s deep commitment to addressing the housing crisis in the ever-expanding city, emphasizing HPD’s diverse departments and the critical partnerships forged with the development community that are vital to the city's housing future.We also explore HPD's latest initiatives, illustrating the agency's remarkable adaptability and responsiveness to the evolving housing landscape. This conversation offers listeners a rare opportunity to gain profound insights from Kim Darga's wealth of experience, shedding light on HPD's instrumental role in spurring the building of affordable housing and Shaping the NYC Skyline.Our conversation with Kim is packed with valuable insights, including:The complexities and challenges of building and financing affordable housingHPD's cutting-edge approaches for addressing NYC's affordable housing crisisThe crucial role of public-private partnerships in facilitating housing developmentThe anticipated impacts on housing of various proposed regulatory reformsand more . . .More on Shaping the NYC Skyline:Website - https://seidenschein.com/LinkedIn - https://www.linkedin.com/company/seiden-&-schein-p-c-/Instagram - Shaping the NYC Skyline (@shapingthenycskyline)Facebook - https://www.facebook.com/SeidenScheinYouTube - https://www.youtube.com/@ShapingtheNYCSkylineEmail - [email protected] Email - [email protected] -  212-935-1400You can Reach our Hosts by email:David Shamshovich [email protected] Slochowsky - [email protected] Almeida - [email protected] & SCHEIN, P.C.570 Lexington Avenue, 14th FloorNew York, NY 10022

In this captivating episode, we had the privilege of delving into the extraordinary journey of Andrew Barrocas, the Founder and CEO of MNS Real Estate. Andrew's evolution from newcomer to industry luminary in the real estate brokerage sphere is a narrative teeming with ambition, creativity, and unwavering determination. Guided by the wisdom of his father, a steadfast confidant, and propelled by his innate business acumen and relentless work ethic, Andrew has surmounted a plethora of challenges, turning setbacks into invaluable learning experiences and, ultimately, triumphs.Andrew's strategic prowess shines brightly in his pivotal decision to specialize in rentals, a testament to his deep understanding of the ever-evolving real estate landscape. Moreover, his role as a mentor underscores his commitment to nurturing the next generation, sharing his wealth of knowledge to empower others to succeed.Beyond personal achievement, Andrew's story embodies resilience, foresight, and an unyielding dedication to excellence. It's more than just a tale of success—it's a testament to the transformative power of perseverance and vision. Join us as we explore the remarkable journey of this industry leader and his indelible contribution to Shaping the NYC Skyline.Contact Andrew from MNS Real Estate at 917-902-7080More on Shaping the NYC Skyline:Website - https://seidenschein.com/LinkedIn - https://www.linkedin.com/company/seiden-&-schein-p-c-/Instagram - Shaping the NYC Skyline (@shapingthenycskyline)Facebook - https://www.facebook.com/SeidenScheinYouTube - https://www.youtube.com/@ShapingtheNYCSkylineEmail - [email protected] Email - [email protected] -  212-935-1400You can Reach our Hosts by email:David Shamshovich [email protected] Slochowsky - [email protected] Almeida - [email protected] & SCHEIN, P.C.570 Lexington Avenue, 14th FloorNew York, NY 10022

This episode features Jason Hershkowitz, a returning guest and partner at Seiden & Schein, P.C. who spearheads the firm’s Tax Incentives Group, along with Scott Schreiber, his associate attorney, as they guide us through the proposed tax exemption, 485-x, the governor's replacement to the now-expired 421-a housing program. Get ready for a thought-provoking dialogue as they delve into the nuances of the proposal, elucidate its distinctions from the previous program, and offer insightful speculation on its framing. As they navigate through the intricacies of the proposed program, Jason and Scott provide a comprehensive overview for developers and housing advocates alike. Tune in to stay informed on the latest developments in housing incentives that serve as catalysts to Shaping the NYC Skyline.More on Shaping the NYC Skyline:Website - https://seidenschein.com/LinkedIn - https://www.linkedin.com/company/seiden-&-schein-p-c-/Instagram - Shaping the NYC Skyline (@shapingthenycskyline)Facebook - https://www.facebook.com/SeidenScheinYouTube - https://www.youtube.com/@ShapingtheNYCSkylineEmail - [email protected] Email - [email protected] -  212-935-1400You can Reach our Tax Incentives Group by email:Jason Hershkowitz - [email protected] Scott Schreiber - [email protected] Tax Incentives - [email protected] You can Reach our Hosts by email:David Shamshovich [email protected] Slochowsky - [email protected] Almeida - [email protected] & SCHEIN, P.C.570 Lexington Avenue, 14th FloorNew York, NY 10022

In this episode, we are thrilled to welcome the extraordinary Peter Papamichael, founder and principal of The VOREA Group. A real estate development, construction management, and brokerage firm, The VOREA Group stands out in the industry thanks to Peter's innovative approach. His creative thinking, a thesis-based development philosophy, and adaptability – deeply influenced by martial arts legend Bruce Lee – have been instrumental in his successful navigation through the complex terrains of real estate transactions. Join our insightful discussion with Peter, a down-to-earth and brilliant mind, as we explore his journey from engineer to renowned developer, his professional influences, the culture he fosters at The VOREA Group and his impactful projects that have contributed to Shaping the NYC Skyline.Our conversation with Peter is packed with valuable insights, including:Peter's inspiring educational and career journey, transitioning from engineering to real estate development.the innovative real estate development strategies he implements at The VOREA Group.his approach to cultivating a strong company culture, essential for sustainable business growth.insights into navigating the unique landscape of NYC real estate development.Peter’s distinctive methodology in handling real estate dealsand more . . .More on Shaping the NYC Skyline:Website - https://seidenschein.com/LinkedIn - https://www.linkedin.com/company/seiden-&-schein-p-c-/Instagram - Shaping the NYC Skyline (@shapingthenycskyline)Facebook - https://www.facebook.com/SeidenScheinYouTube - https://www.youtube.com/@ShapingtheNYCSkylineEmail - [email protected] Email - [email protected] -  212-935-1400You can Reach our Hosts by email:David Shamshovich [email protected] Slochowsky - [email protected] Almeida - [email protected] & SCHEIN, P.C.570 Lexington Avenue, 14th FloorNew York, NY 10022

Join us as we re-listen to some of the highlights of Season 1’s awesome episodes and mark the beginning of Season 2.More on Shaping the NYC Skyline:Website - https://seidenschein.com/LinkedIn - https://www.linkedin.com/company/seiden-&-schein-p-c-/Instagram - Shaping the NYC Skyline (@shapingthenycskyline)Facebook - https://www.facebook.com/SeidenScheinYouTube - https://www.youtube.com/@ShapingtheNYCSkylineEmail - [email protected] Email - [email protected] -  212-935-1400You can Reach our Hosts by email:David Shamshovich [email protected] Slochowsky - [email protected] Almeida - [email protected] & SCHEIN, P.C.570 Lexington Avenue, 14th FloorNew York, NY 10022

In this episode, we had the pleasure of sitting down with Tucker Reed, Co-Founder and Principal of Totem Brooklyn. Tucker’s career, which spans nearly two decades across both the for-profit and not-for-profit sectors, is truly remarkable.His journey in real estate development began in 2006 when he assumed the role of founding executive director of the DUMBO Improvement District—a non-profit organization with a mission to enhance the DUMBO neighborhood in Brooklyn. Subsequently, Tucker contributed his talents to Two Trees, a Brooklyn-based real estate developer renowned for transforming Brooklyn neighborhoods like DUMBO and Williamsburg. Notably, at the age of 31, he was appointed President of the Downtown Brooklyn Partnership, a not-for-profit local development corporation that serves as the primary champion for Downtown Brooklyn.Through these diverse experiences, Tucker gained a profound understanding of real estate development as a team sport, realizing the pivotal role of community feedback and input and engagement from various other stakeholders. This insight laid the foundation for Totem's core philosophy—that "the whole is greater than the sum of its parts." It's this very principle that continues to drive the success of Totem Brooklyn as a unique and impactful developer.Join us as we explore Tucker's unparalleled journey, his philosophy on real estate development, and the compelling story behind Totem's innovative approach to creating housing and Shaping the NYC Skyline.More on Shaping the NYC Skyline:Website - https://seidenschein.com/LinkedIn - https://www.linkedin.com/company/seiden-&-schein-p-c-/Instagram - Shaping the NYC Skyline (@shapingthenycskyline)Facebook - https://www.facebook.com/SeidenScheinYouTube - https://www.youtube.com/@ShapingtheNYCSkylineEmail - [email protected] Email - [email protected] -  212-935-1400You can Reach our Hosts by email:David Shamshovich [email protected] Slochowsky - [email protected] Almeida - [email protected] & SCHEIN, P.C.570 Lexington Avenue, 14th FloorNew York, NY 10022

In this episode, we spoke with Bryan Hurley, an experienced professional serving as Director in the Capital Markets Group of Cushman & Wakefield, with an impressive track record in investment sales, most notable multi-family residential and inclusionary housing air rights. Bryan stays on top of the latest dynamics and trends in his area of the New York City real estate market, making his insights (and this episode) invaluable. Join us as Bryan recounts his journey navigating the competitive brokerage field, shedding light on the challenges and triumphs shaping his success and Shaping the NYC Skyline.More on Shaping the NYC Skyline:Website - https://seidenschein.com/LinkedIn - https://www.linkedin.com/company/seiden-&-schein-p-c-/Instagram - Shaping the NYC Skyline (@shapingthenycskyline)Facebook - https://www.facebook.com/SeidenScheinYouTube - https://www.youtube.com/@ShapingtheNYCSkylineEmail - [email protected] Email - [email protected] -  212-935-1400You can Reach our Hosts by email:David Shamshovich [email protected] Slochowsky - [email protected] Almeida - [email protected] & SCHEIN, P.C.570 Lexington Avenue, 14th FloorNew York, NY 10022

In this episode, we had the privilege of speaking with Richard Roberts, a seasoned expert in affordable housing and urban market investments with over 25 years of experience. With an extensive background spanning government, for-profit, and nonprofit sectors, Richard's contributions are nothing short of remarkable. As the Principal and Chief Business Development Officer for Red Stone Equity Partners, LLC, he's deeply involved in affordable housing and urban market investments, employing innovative strategies to make a positive impact.During his tenure as the Commissioner of the New York City Department of Housing Preservation and Development, Richard oversaw investments exceeding $1 billion, leading to the creation of over 30,000 units of affordable housing. His insights into impact investing shed light on the powerful synergy between financial returns and societal progress. Richard's story exemplifies the essence of impact investing—driven not just by profit, but by a genuine desire to contribute meaningfully to society.  Get ready to be inspired by Richard’s impact in Shaping the NYC Skyline.In this episode, Brenda, David, and Camila talk to Richard Roberts about:lessons from Richard for personal empowerment and positive change in your own lifethe complexities of affordable housing challenges, shedding light on common misconceptions and their profound effects on local communities.the social impact potential in impact investingnavigating the intricate landscape of housing policies and regulationsthe obstacles faced by communities in accessing affordable housingand more… More on Shaping the NYC Skyline:Website - https://seidenschein.com/LinkedIn - https://www.linkedin.com/company/seiden-&-schein-p-c-/Instagram - Shaping the NYC Skyline (@shapingthenycskyline)Facebook - https://www.facebook.com/SeidenScheinYouTube - https://www.youtube.com/@ShapingtheNYCSkylineEmail - [email protected] Email - [email protected] -  212-935-1400You can Reach our Hosts by email:David Shamshovich [email protected] Slochowsky - [email protected] Almeida - [email protected] & SCHEIN, P.C.570 Lexington Avenue, 14th FloorNew York, NY 10022

We had the pleasure of sitting down with Ariel Aufgang, the visionary architect and owner of Aufgang. Unlike other architectural firms that often focus on projects like hotels and courthouses, Ariel's passion lies in designing multifamily buildings. From a young age, he knew that his destiny was to become an architect and he's not only realized that dream but surpassed it. Tune in as Ariel shares his extensive knowledge and experience, including progressive and cost-sensitive design strategies that he employed in designing his own office building. His meticulous approach and unwavering commitment have resulted in not just aesthetically pleasing structures but also sustainable and functional spaces. Join us, as we delve into Ariel's remarkable career and discover how he is Shaping the NYC Skyline.In this episode, Brenda and David talk to Ariel Aufgang about:·       the innovative approaches taken by states outside of New York to address their housing shortages.·       the significant pressures on the housing market due to the absence of a replacement for the 421-a tax exemption.·       the techniques used in the design of Aufgang’s office building to foster a positive and thriving work environment and culture.·       Ariel's preference for designing multifamily buildings over other architectural structures.·       the advantages of prefab construction in streamlining the building process.·       and more… More on Shaping the NYC Skyline:Website - https://seidenschein.com/LinkedIn - https://www.linkedin.com/company/seiden-&-schein-p-c-/Instagram - Shaping the NYC Skyline (@shapingthenycskyline)Facebook - https://www.facebook.com/SeidenScheinYouTube - https://www.youtube.com/@ShapingtheNYCSkylineEmail - [email protected] Email - [email protected] -  212-935-1400 SEIDEN & SCHEIN, P.C.570 Lexington Avenue, 14th FloorNew York, NY 10022

In this candid conversation with Eliot Spitzer, a genuine luminary of New York, we explore the diverse chapters of his professional journey. Beginning with his early days as an attorney in private practice, transitioning into the public sphere as Attorney General and Governor, and culminating in his present pursuits as a real estate developer in New York City, his unwavering commitment to the law radiates through it all.Join us as we uncover Eliot’s distinctive perspective, modest approach, and steadfast commitment to New York City. Whether it's combating crime or rejuvenating the city, his story is nothing short of awe-inspiring. Brace yourself for an engaging discussion with a modest yet enthusiastic individual who, in his own unique way, continues to make an enduring impact on Shaping the NYC Skyline.In this episode, Brenda, David, and Camila talk to Eliot Spitzer about:his impact on real estate through the lens of law and politicsshifting societal values and their impact on law and real estate professionalsthe challenges and upcoming opportunities in NYC real estatebalancing law, ethics, and real estate in a changing worldand more… More on Shaping the NYC Skyline:Website - https://seidenschein.com/LinkedIn - https://www.linkedin.com/company/seiden-&-schein-p-c-/Instagram - Shaping the NYC Skyline (@shapingthenycskyline)Facebook - https://www.facebook.com/SeidenScheinYouTube - Coming Soon, Stay TunedEmail - [email protected] Email - [email protected] -  212-935-1400SEIDEN & SCHEIN, P.C.570 Lexington Avenue, 14th FloorNew York, NY 10022

Brenda, David, and Camila engaged in a compelling conversation with their esteemed colleague, Hillary Potashnick, who is Senior Counsel at Seiden & Schein, P.C. Hillary boasts decades of experience in real estate development, with a particular focus on condominium and cooperative matters. She also serves as a dedicated mentor to the younger generation of attorneys within our firm.What truly sets our discussion with Hillary apart is the unique perspective she brings to the table as a female attorney who embarked on her legal career back in the 1970s, a time when there were significantly fewer women in the field. Join us on this episode as we delve into Hillary's incredible journey, replete with triumphs and tribulations, ultimately culminating in an illustrious legal career, much of which has been dedicated to Shaping the NYC Skyline.In this episode, Brenda, David, and Camila talk to Hillary about:Hillary's remarkable transition from the field of architecture to the realm of lawThe intricacies of offering plans and no-action condominiumsThe formidable challenges she encountered throughout her illustrious career.The financial hurdles that confront many older buildings in the city as they strive to reduce their carbon emissions and comply with Local Law 97And much more… More on Shaping the NYC Skyline:Website - https://seidenschein.com/LinkedIn - https://www.linkedin.com/company/seiden-&-schein-p-c-/Instagram - Shaping the NYC Skyline (@shapingthenycskyline)Facebook - https://www.facebook.com/SeidenScheinYouTube - Coming Soon, Stay TunedEmail - [email protected] Email - [email protected] - 212-935-1400SEIDEN & SCHEIN, P.C.570 Lexington Avenue, 14th FloorNew York, New York 10022

Brenda, David, and Camila had the pleasure of interviewing the one and only Adam Leitman Bailey. With a name as remarkable as his, Adam imparts a distinctive influence on the realm of real estate. More than just an attorney, he stands as a self-made businessman, driven by a fervor for justice and an awe-inspiring personal journey. Adam's wealth of experience lends a litigator's insight into the intricate landscape of New York City real estate.We delve into Adam's unwavering commitment to justice and his endeavors in navigating the high-stakes world of New York real estate and landlord-tenant litigation. Throughout it all, Adam retains his down-to-earth demeanor, approachability, and unwavering passion for his profession. Join us as we explore Adam's path from humble beginnings towards Shaping the NYC Skyline. In this episode, Brenda, David, and Camila talk to Adam Leitman Bailey about:the complexities of real estate litigation in NYChis contributions to establishing legal precedentsthe challenges in the NYC housing marketthe impact of politics on current real estate trends and more… More on Shaping the NYC Skyline:Website - https://seidenschein.com/LinkedIn - https://www.linkedin.com/company/seiden-&-schein-p-c-/Instagram - Shaping the NYC Skyline (@shapingthenycskyline) • Instagram photos and videos Facebook - https://www.facebook.com/SeidenScheinYouTube - Coming Soon, Stay TunedEmail - [email protected] Email - [email protected] -  212-935-1400SEIDEN & SCHEIN, P.C.570 Lexington Avenue, 14th FloorNew York, NY 10022

Brenda, David, and Camila had a captivating conversation with Ken Fisher, a distinguished partner at Cozen O'Connor. Ken’s professional journey lies at the dynamic intersection of real estate and politics, encompassing diverse areas of expertise such as real estate development, zoning and land use, and governmental affairs. A master at skillfully identifying, reconciling, and articulating both public and private interests, Ken possesses an exceptional ability to navigate this delicate balance. Drawing from his rich background in public service, Ken has emerged as the foremost socio-political strategist for some of New York's most prominent real estate developers and industry players. Ken's early immersion into the realm of politics paved the way for his extensive tenure as a City Council member, spanning over a decade, and his role as the host of a public access television show for nearly two decades. Tune in as Ken graciously imparts his unparalleled insights and wisdom, delving into the intricate tapestry of real estate politics in the vibrant landscape of New York City, and his contributions to Shaping the NYC Skyline.In this episode, Brenda, David, and Camila talk to Ken Fisher about:Ken's journey as City Council member in Brooklyn's transformative landscapenavigating the complex intersection of real estate development and public interestsbalancing development and community engagement reflections on New York City's transformation over the yearsthe impending challenges of New York City real estate and more… More on Shaping the NYC Skyline:Website - https://seidenschein.com/LinkedIn - https://www.linkedin.com/company/seiden-&-schein-p-c-/Instagram - Shaping the NYC Skyline (@shapingthenycskyline) • Instagram photos and videos Facebook - https://www.facebook.com/SeidenScheinYouTube - Coming Soon, Stay TunedEmail - [email protected] Email - [email protected] -  212-935-1400SEIDEN & SCHEIN, P.C.570 Lexington Avenue, 14th FloorNew York, NY 10022

Brenda and David had an incredible conversation with David McCarty from Alloy Development, uncovering their unique approach to real estate. Alloy stands out for its focus on both financial success and community enrichment—a refreshing departure from the norm. Their commitment to sustainability is truly remarkable. Notably, they're pioneering change by constructing the first fully electric skyscraper, a project that reflects their forward-thinking ethos. This endeavor showcases not only their innovation but also their dedication to making a positive impact on the environment and their neighborhoods. We explore their distinctive approach to involving the community, welcoming feedback, and enhancing daily lives. Alloy's thoughtful methodology and actions are breaking stereotypes and fostering a new era of conscientious development. Tune in to discover how David and Alloy are setting a forward-looking example for the industry's future and Shaping the NYC Skyline.In this episode, Brenda and David talk to David McCarty about:navigating his journey from studying urban planning to being at the forefront of sustainability and building design Alloy's innovative playbook and how it differs from other real estate development firms the future of sustainability in urban development the importance of community engagement and cooperation in the rezoning processand more… More on Shaping the NYC Skyline:Website - https://seidenschein.com/LinkedIn - https://www.linkedin.com/company/seiden-&-schein-p-c-/Instagram - Shaping the NYC Skyline (@shapingthenycskyline) • Instagram photos and videos Facebook - https://www.facebook.com/SeidenScheinYouTube - Coming Soon, Stay TunedEmail - [email protected] Email - [email protected] -  212-935-1400SEIDEN & SCHEIN, P.C.570 Lexington Avenue, 14th FloorNew York, NY 10022

In this captivating episode, we dive deep into the intricacies of the Gowanus Neighborhood Mixed Income Housing Development Program. This initiative, spearheaded by Governor Kathy Hochul, is an innovative response to the New York State legislature's recent refusal to enact a replacement for the now-expired 421-a Real Estate Tax Exemption Program.Steering the conversation with an expert's touch on all matters related to 421-a and NYC's various other real estate tax abatements and exemptions is none other than Jason Hershkowitz. A distinguished partner within the Tax Incentives group at Seiden & Schein, P.C., Jason brings his wealth of knowledge to the forefront, addressing not only your burning questions, but also unearthing queries you may not have yet considered.Join us as we embark on a journey to unravel the mechanics of this new 421-a alternative. How will this program operate? Which projects stand to qualify? What financial considerations come into play? With Jason as our trusted guide, together, we illuminate the pathway for an alternative that breathes fresh life into a pivotal tax exemption that plays a crucial role in Shaping the NYC Skyline.In this episode, Brenda, David, and Camila talk to Jason about:Introducing the pseudo replacement for the  421-a tax exemption, dubbed the Gowanus Neighborhood Mixed Income Housing Development Program, and demystifying its application and approval processUnraveling the intricate interplay between the program and Mandatory Inclusionary Housing (MIH) alongside an array of other real estate tax exemptions and abatements.Exploring the procedural and eligibility criteria and drawing parallels and comparisons between the now-expired 421-a program that the alternative seeks to mimic.Pondering the exciting prospects of extending this innovative approach beyond Gowanus, with a keen eye on potential expansion to other vibrant areas of New York Cityand more… More on Shaping the NYC Skyline:Website - https://seidenschein.com/LinkedIn - https://www.linkedin.com/company/seiden-&-schein-p-c-/Instagram - Shaping the NYC Skyline (@shapingthenycskyline) • Instagram photos and videos Facebook - https://www.facebook.com/SeidenScheinYouTube - Coming Soon, Stay TunedEmail - [email protected] Email - [email protected] Incentives Email - [email protected] -  212-935-1400SEIDEN & SCHEIN, P.C.570 Lexington Avenue, 14th FloorNew York, NY 10022

In this episode, we had the privilege of talking to David Marks, the Senior Vice President and Head of Acquisitions at Silverstein Properties. For over sixty years, Silverstein Properties has been the bedrock of NYC's real estate development, investment, and management industries. Prepare to be captivated as David Marks shares a wealth of insights and experiences, unveiling the intriguing narratives that formed the foundation of his remarkable achievements in Shaping the NYC Skyline. Some of the topics Brenda and David explore with David Marks in this episode include:his incredible journey from Israel to the New York City development scene.the pivotal role of embodying a true “mensch” when it comes to deal-making.the art and necessity of transforming underutilized office space into thriving residential buildings.the fascinating backstory behind Innovation QNS, an ambitious five-block mega-development that is poised to transform Queens.and so much more that promises to enrich your understanding of the New York City real estate development landscape.More on Shaping the NYC Skyline:Website - https://seidenschein.com/LinkedIn - https://www.linkedin.com/company/seiden-&-schein-p-c-/Instagram - Shaping the NYC Skyline (@shapingthenycskyline) • Instagram photos and videos Facebook - https://www.facebook.com/SeidenScheinYouTube - Coming Soon, Stay TunedEmail - [email protected] -  212-935-1400SEIDEN & SCHEIN, P.C.570 Lexington Avenue, 14th FloorNew York, NY 10022

Jason Dubowski’s impressive portfolio featuring many notable projects speaks for itself. From his early years, Jason displayed a passion for architecture and design, leading him to a thriving career in New York, where he moved from Texas after having graduated with a Bachelor of Science in Architecture from the University of Texas in Arlington. We're thrilled to have Jason on the show and for the opportunity to delve into his remarkable journey, helping us gain insights into his path to success. Join us as we explore the realities of an architect's day-to-day work, how Jason's experiences have shaped his career trajectory, and his contributions to Shaping the NYC Skyline.In this episode, Brenda and David talk to Jason about:his journey to becoming an Associate Partner at Hill West Architects.exploring the challenges and responsibilities of architectural design in today’s ever-changing environment.the rise of the so-called “StArchitect” and the desire for branded buildings. unraveling the complexities of designing buildings in new markets and navigating the differing processes in varying zoning districts.the impact of NYC’s constantly evolving  legal environment on building design and construction.And more… Jason Dubowski, AIA, LEED AP, is an accomplished Associate Partner at Hill West Architects, bringing over 15 years of expertise in residential and mixed-use developments across New York City. With an unwavering passion for architecture and construction, Jason has thrived in his role as an energetic team leader, showcasing his exceptional project management and executive architect skills. More on Shaping the NYC Skyline:Website - https://seidenschein.com/LinkedIn - https://www.linkedin.com/company/seiden-&-schein-p-c-/Instagram - Shaping the NYC Skyline (@shapingthenycskyline) • Instagram photos and videos Facebook - https://www.facebook.com/SeidenScheinEmail - [email protected] -  212-935-1400SEIDEN & SCHEIN, P.C.570 Lexington Avenue, 14th FloorNew York, NY 10022

Join Brenda and David as they recap their experience at the Annual New York State Affordable Housing Conference, including the solutions and strategies presented by government and other real estate professionals to try and ease the City’s housing shortage.In this episode, you will learn about the: City’s views on the affordable housing crisis and the various methods that need to be employed to resolve it. Arguments made by the City to convince the State of the critical nature of the 421-a real estate tax exemption. The essential role that private real estate developers play in creating affordable housing in high-income areas, which cannot be accomplished by government-subsidized projects alone.The groundwork that the City is laying down to make it easier for real estate developers to build in NYC.How the City intends to address the bureaucratic processes that delay eligible tenants from occupying affordable housing units.“Reducing red tape and making it easier for developers to build is crucial in solving the affordable housing crisis.” - David ShamshovichConnect with David and Brenda here:website- https://seidenschein.com/ LinkedIn- https://www.linkedin.com/linkedin.com/seiden-&-schein-p-c-/ Instagram- https://www.instagram.com/shapingthenycskyline/YouTube- Coming SoonFacebook- https://www.facebook.com/facebook.com/SeidenSchein 

From childhood memories to creating a renowned real estate development company, Brian Ezra's journey has been nothing short of remarkable. With Avi Fisher and Jesse Wark by his side, Brian created a company that will leave a lasting impact on the Brooklyn skyline. Their complementary skill sets, shared values, and deep seated trust in each other's abilities were the keys to unlocking opportunities that they never thought possible. This is an origin story you won't want to miss.In this episode, Brenda and David talk to Brian about:The importance of strategic partnerships as a catalyst to developing real estate.Avery Hall's historical focus on the Brooklyn real estate landscape.The difficulties that NYC developers face in today’s political climate The need to modify real estate policies to streamline development in New York City. What the future has in store for Avery Hall Investments. And more… Brian Ezra is one of the three founding partners of Avery Hall, responsible for sourcing and acquisitions, project conceptualization and the company’s overall development strategy. Brian is a fourth generation Brooklynite, and has leveraged his deep passion and knowledge of Brooklyn and real estate development to enhance the Brooklyn community. Over his 15-year career in real estate, Brian has overseen in excess of $1 billion of development and investment activity, comprising over 1.5 million GSF and 1,000 residential units. More on Seiden & Schein:Website- https://seidenschein.com/LinkedIn- https://www.linkedin.com/company/seiden-&-schein-p-c-/Instagram- Shaping the NYC Skyline (@shapingthenycskyline) • Instagram photos and videos Facebook- https://www.facebook.com/SeidenScheinYouTube- https://www.youtube.com/channel/UCMdGGW2my3H0lozf3mVMNCQEmail- [email protected]  212-935-1400SEIDEN & SCHEIN, P.C.570 Lexington Avenue, 14th FloorNew York, NY 10022

If you're feeling frustrated and overwhelmed by the complex and ever-changing real estate tax incentives in NYC, then you are not alone! One of the major obstacles to developing and preserving housing and affordable housing in New York City is the exorbitant real estate taxes. Tax incentives are critical to ensure that a new multi-family development generates positive cashflow and is thereby able to secure construction and permanent financing. Likewise, tax incentives are necessary to encourage developers and landlords to maintain and repair existing residential buildings.  But what are some tax incentive programs and their benefits, how did they come about, which ones are still available, what is the future of new residential developments given the expiration of the 421-a program and lack of a substitute program, and how will this affect the production of housing in NYC at the apex of the housing crisis? In this episode, you will be able to: About Jay Seiden: Jay Seiden, a co-founder of Seiden & Schein, P.C., has dedicated his career to mastering the complexities of tax incentives for real estate developments in New York City.  Connect with us here: Website- https://seidenschein.com/  LinkedIn- https://www.linkedin.com/company/seiden-&-schein-p-c-/mycompany/ Facebook- https://www.facebook.com/SeidenSchein  Instagram- https://www.instagram.com/shapingthenycskyline/ --- Send in a voice message: https://podcasters.spotify.com/pod/show/seiden--schein-pc/message

In the first episode of Shaping the NYC Skyline, David Shamshovich and Brenda Slochowsky sit down to chat with Alvin Schein, a NY real estate attorney and one of the founders of Seiden & Schein, P.C., a boutique real estate law firm in New York. Alvin discusses the NYC real estate industry from a historical perspective, dating back to the 1970s, and his thoughts on the current state of real estate development in New York, including the development of market rate rental apartment and affordable housing in New York City and what needs to be done to chip away at the ever growing NYC housing crisis. Alvin also discusses the inclusionary housing and the 421-a real estate tax exemption programs and other tax incentive programs (like J-51 and 420-c) administered by the New York City Department of Housing Preservation and Development (HPD), areas in which Seiden & Schein has long standing expertise, and the politics surrounding the New York State legislature’s refusal to renew the Affordable Housing New York program (AHNY) or extend the statutory deadline for NY real estate developers to complete their newly constructed projects in order to qualify for the tax abatement. Alvin also expresses his views on 485-w, the replacement for the 421-a tax exemption proposed by Governor Kathy Hochul, and the proposals made by Mayor Eric Adams to incentivize developers of real property in New York to build more residential housing, including converting offices to residential buildings, legalizing basement apartments, and bringing back single room occupancies (SRO). In this episode, we also discuss how real estate developers must show lenders that their proposed projects will be profitable in order to obtain construction loan financing and permanent financing, and the inability of projects to pencil out and obtain such loans if they are required to provide the amount of low income housing that is being sought by the NY legislature. We also discuss the impact that the Housing Stability and Tenant Protection Act of 2019 (the 2019 NYC Rent Law) has had on New York landlord’s due to the statute severely limiting a building owner’s ability to increase rents for rent stabilized units, despite the rising costs of operating residential buildings in New York and the need to repair and maintain residential rental apartments that are covered by the NY Rent Stabilization Law. We hope you enjoy this insightful and inspiring conversation with Alvin Schein regarding the state of real estate development in NY. Tune in to learn more about his remarkable achievements and contributions to Shaping the New York City Skyline. You can find our podcast on Spotify, Apple Podcasts, or wherever you get your podcasts. Don’t forget to subscribe, rate, and review us. We appreciate your support and feedback. For more information, please visit us at seidenschein.com Thank you for listening and stay tuned for more episodes. --- Connect with us here:Website- https://seidenschein.com/ LinkedIn- https://www.linkedin.com/company/seiden-&-schein-p-c-/mycompany/Facebook- https://www.facebook.com/SeidenSchein Instagram- https://www.instagram.com/shapingthenycskyline/ Send in a voice message: https://podcasters.spotify.com/pod/show/seiden--schein-pc/message