Pyramid Power in NYC

Rising from the construction ashes of Hell’s Kitchen is definitely a beauty to behold. There’s a tetrahedron rising over West 57th Street that’s about to change the NYC skyline and Manhattan real estate unlike any other straight box tower thrown up in the last few decades.

There is skyscraper construction and then there is true architectural groundbreaking beauty and the Durst Pyramid is clearly the latter.  The building at 625 West 57th Street is taking shape, turning into one of the city’s most unique architectural wonders since the Chrysler Building in 1928 or Frank Lloyd Wright’s masterpiece, The Guggenheim Museum in 1959.

West 57th PyramidThe project is the inaugural North American design of the Danish firm Bjarke Ingels Group (BIG) for the Durst Organization.  The four plane triangular construction is meant to bring natural light deep into the structure and afford some 700 lucky owners the sunny, Hudson River views which set the standard for the NYC real estate market.  The luxury apartments will be set atop glass enclosed retail/commercial space all set to welcome tenants and owners early in 2016.

 Looking to buy/sell real estate in New York?

Lisa Fantino, Associate Broker

J.Philip Real Estate

Spring into Tax Savings

Spring has sprung and so has tax grievance season in Westchester.  That’s when homeowners come out of the woodwork with dreams of reducing their property taxes.  While the filing deadline has passed for the villages, the deadline for the towns and most cities in Westchester is just a few short months away on June 16, 2015.

Westchester Tax Grievance

Yet, the landscape is different this year and commonplace reductions will not be as easily won as in past years.  The reason is that many municipalities undertook market re-assessment projects in recent years:  Mamaroneck in 2013; Scarsdale in 2014; and Ossining this year for the first time in 43 years.  The revaluations have resulted in a seismic shift with lower tax bills for some and shockingly higher assessments for others.  The reality is that other than the rare exception, your property’s assessed value is now closer to the realized market value if your town has just undergone the reassessment process.

The process is easy and costs minimal compared to the savings which are often realized.  To file at the local level costs nothing.  Tax grievance attorneys generally charge a contingency fee, meaning that you pay nothing if your taxes are not reduced.  The only initial expense is the appraisal which must be done, generally less than $600 depending on your location.

Many homeowners try to employ self-help in filing the grievance application, but it’s worth retaining an attorney from the start.  If your application is denied then the tax grievance attorney will file a court appeal on your behalf if he or she is already on board.

It is also important to keep in mind that most municipalities in Westchester base your taxes on the prior year’s assessment, so if your town’s grievance deadline is June 16th for the 2015 tax roll, any reduction will not be realized until your 2016 taxes.  Therefore, don’t delay because prospective savings are still a year away.

Your taxes will not increase simply because you file a grievance application and lower property taxes can be a great asset if trying to sell your house in Westchester or anywhere else in the New York market.

This is attorney advertising.  Please understand that the information contained within this site is provided for general information purposes only and is not intended as legal advice and it may not reflect the most current legal trends or developments.  Links from this site to third party sites should not be construed as endorsements of the linked entities.  Email to this firm or to Lisa Fantino will not establish an attorney-client relationship and you should consult an attorney for individual advice regarding your own situation.  Email messages containing time-sensitive or confidential information should not be sent.

RIP Veteran Newscaster Lou Miliano

A shock tonight to hear of the passing of veteran CBS newscaster Lou Miliano.  Facebook is good and bad that way.  It keeps you connected even in sadness.

My connection with Lou goes back to my days at WCBS AM.  Lou was the station’s stellar correspondent.  We became fast friends without meeting face to face for the longest time.  He was always in the field and I was always in a tape studio ready to take his feeds.  I was awed by his insight and talent.  He could mix sound in the field and do what we in the news biz called a ROSR (reporter on scene) bringing radio listeners to the scene with his words.  I never had to do his mixing for him.  He was a wham, bam, thank you ‘mam reporter. Down and dirty and onto the next, without missing a detail, a soundbite, a newsmaker.

He was also one of the coolest guys in the biz.  You just wanted to hang with him.  How could you not? Intelligent and he rode a motorcycle.  A smart guy in a leather jacket.

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His official obit will list all of the stories he covered all over the world and all the awards he deservedly won.  What they won’t list is the support he gave to his friends and I am glad to have been among them.  Long after we both left the radio news biz, he retired and I went to law school, we found common ground in our love of all things Italian.

When I moved there for a brief while, Lou was one of the few people who stayed in touch, writing to me in Italian but letting me know I had a friend at home.  When I started my travel company, Lou even had me plot out his future move to Sorrento.  When I was writing my first book, Amalfi Blue,Lou was the first fellow journalist to get behind me all the way.

Facebook kept us connected.  I didn’t even know his battle with cancer had reared its head so recently because it seems like just the other day he was messaging me about something Italian.

He was a true rockstar among journalists but I will miss him more as a friend than as a colleague.  It was a true privilege to have been both.

I am sure Lou is on the back of a bike, hugging every curve of the Amalfi Drive, coming at you in three-two-one.  Abbracci dear friend.