Realty Tax Challenge Corp.

Realty Tax Challenge Corp. Since 1995 Realty Tax Challenge has assisted commercial property owners in the reduction of their real estate taxes with 50+ million in reductions.

Since 1995 Realty Tax Challenge has assisted commercial property owners in the reduction of their real estate taxes. We have achieved over $50 million in real estate tax reductions. Nassau | Orange | Putnam | Rockland | Suffolk | Westchester

We represent large companies such as Newsday/ Times Mirror, Pepsi, Hilton Hotels, Ford Motor; CVS, Goodyear Tire, IHOP, as well as large real estate owners i

ncluding First Allied Reit and Wharton Properties. RTC is the premier valuation expert in the field of real estate tax reduction. In addition we can also help you obtain economic incentives, as well as represent you in Eminent Domain proceedings. Whether you need to reduce your taxes, a determination of the value of your real estate portfolio, information regarding tax abatements and/or exemptions which may be available to you or assistance in responding to an eminent domain claim, Realty Tax Challenge ("RTC") will provide the best possible services.

Nassau County Executive Laura Curran on Monday proposed sending direct cash payments of $375 to some 300,000 county prop...
05/17/2021

Nassau County Executive Laura Curran on Monday proposed sending direct cash payments of $375 to some 300,000 county property owners, using $100 million in pandemic aid from the federal government.

Nassau County Executive Laura Curran on Monday proposed sending direct cash payments of $375 to some 300,000 county property owners, using $100 million in pandemic aid from the federal government. The

There’s little room for error with New York City projecting a $12 billion deficit over the next three years with losses ...
05/17/2021

There’s little room for error with New York City projecting a $12 billion deficit over the next three years with losses across the city’s tax sources, including commercial real estate revenue. Real property tax is the city’s single largest source of tax revenue making up more than half of the city’s revenue.

A pandemic plunge in Manhattan’s real estate tax revenue threatens New York City’s ability to finance everything from schools and hospitals to firefighters and police unless office workers return in force starting this summer, officials are warning.

New York City won't look the same after the pandemic is over. "The new, New York City will just look a little bit differ...
03/25/2021

New York City won't look the same after the pandemic is over.

"The new, New York City will just look a little bit different," said Barbara Denham, a senior commercial real estate economist with Moody's Analytics. "A lot of people will want to come back to work but in terms of needing office space, we're just not going to be needing to expand and if anything most companies will probably shrink their footprint, their office footprint over the next few years," Denham said.

New York City won't look the same after the pandemic is over.

Landlords and homeowners are struggling to pay their property taxes. Unpaid taxes rose to $1.3 billion this month, or ab...
03/23/2021

Landlords and homeowners are struggling to pay their property taxes. Unpaid taxes rose to $1.3 billion this month, or about 4.5 percent of the $30 billion total due this year. The arrears are split between commercial and residential property owners. Nearly 5 percent of the city’s apartment buildings, co-ops, condominiums and one- to three-family homes haven’t paid property taxes.

Approximately 4.5% of New York City property owners are delinquent on their property taxes with arrears totaling $1.3B in February 2021.

A drone media company said it has experienced a major boom in the commercial real estate (CRE) segment of its business t...
03/22/2021

A drone media company said it has experienced a major boom in the commercial real estate (CRE) segment of its business thanks to lockdowns that restricted travel, site visits and in-person meetings in CRE sales. Instead of in-person visits to properties, CRE brokers are using professionally shot drone photos to attract buyers and close sales. The company said that sellers also use their services for roof and construction inspection, land surveys, and maintenance updates.

Company sees surging demand for aerial photography and drone video in the commercial real estate sector

Working from home will blur the 20th-century divide between residential and office districts. The postwar middle-class d...
03/19/2021

Working from home will blur the 20th-century divide between residential and office districts. The postwar middle-class dream was a big car outside a suburban home. Now it’s multifamily housing and good restaurants in mixed-use neighborhoods. But to encourage this change, cities need to can old zoning laws that specify single uses for buildings or entire neighborhoods.

A year of the pandemic has laid bare the flaws of our great metropolises. Here’s how to make them healthier, cheaper and happier

A sharp decline in the value of commercial properties is expected to take a big bite out of city budgets when those empt...
03/17/2021

A sharp decline in the value of commercial properties is expected to take a big bite out of city budgets when those empty buildings are assessed in the coming months, according to The New York Times. Commercial real estate values are projected to decline by 7.2 percent nationally from their pre-pandemic levels, bottoming out by the end of this year. The hardest-hit categories are the office and retail sectors, with values declining by 12.6 percent for offices and 16.5 percent for retail.

Key aspects in this quick read: coronavirus, commercial offices - From Building Operating Management and Facility Maintenance Decisions. Helping facility professionals with their jobs and careers.

Warehouses — which have been booming thanks to the surging e-commerce — are a bright spot, according to the Wall Street ...
03/09/2021

Warehouses — which have been booming thanks to the surging e-commerce — are a bright spot, according to the Wall Street Journal. Warehouses that are leased to major companies like Amazon — which planned to increase its industrial square footage by 50 percent in 2020 — are seen as especially attractive.

It’s not just massive firms like Blackstone and Prologis that are investing in industrial real estate, foreign buyers are also pouring money into the industrial sector.

With productivity remaining strong during the pandemic-induced work-from-home experiment, both employers and employees c...
03/08/2021

With productivity remaining strong during the pandemic-induced work-from-home experiment, both employers and employees continue to rethink and evaluate their needs for physical office space. This, in turn, is bound to have deep, but not yet clear repercussions for the future of the workplace and for commercial real estate as a whole.

“Zoom fatigue” and lower occupancy are shaking the sector, but some industry adages still ring true.

While many states had stronger-than-expected revenue in 2020, a sharp decline in the value of commercial properties is e...
03/04/2021

While many states had stronger-than-expected revenue in 2020, a sharp decline in the value of commercial properties is expected to take a big bite out of city budgets when those empty buildings are assessed in the coming months. For states, property taxes account for just about 1 percent of tax revenue, but they can make up 30 percent or more of the taxes that cities and towns take in and use to fund local schools, police and other public services.

A looming hit to tax revenues puts pressure on Congress to deliver relief.

"As for the commercial real estate side, this concept has the potential to make an enormous impact on struggling shoppin...
03/03/2021

"As for the commercial real estate side, this concept has the potential to make an enormous impact on struggling shopping centers and even malls.
Beth has already hosted two successful Clubhouse events now with smashing success. At the first, one person got offers from six different landlords to use their space. Meanwhile, the second – which just happened on February 18 – featured up to 74 landlords."

“This invite-only, audio-based iPhone app is like listening in on someone else’s phone call legally,” long-time tech writer Eric Griffith begins. “Here’s what you need to know about Clubhouse, including how Elon Musk figures into its recent surge.”

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