FOUNDERS LETTER – SPRING 2022 Rubin Isak & Lev Kimyagarov
In this invaluable and crucial issue of our Development
One thing that has proven invaluable is our Due Diligence
Whitepaper, you will read and learn about the complexities
Accelerator Package® (DDAP) we put together for all
of Completion guarantees on Ground-leases, potential
our exclusive assignments. This is a password protected
construction impacts of adjacent buildings and city
cloud-based data-room that has been carefully curated to
infrastructure, Hotel to Residential conversions, a detailed
include everything a developer needs to make an informed
look at Mandatory Inclusionary Housing in NYC, and how
proposal.
to secure the 421-a abatement for your project before the mid-June 2022 deadline.
The DDAP® is unique to Development Site Advisors® and was created after speaking with countless active
The local political landscape has new leadership with
developers, architects, attorneys, and property owners,
Mayor Eric Adams and Governor Kathy Hochul at the
on what they would like to see from a broker, that did
helm. The 421-A replacement dubbed 485w was taken out
not exist in the marketplace. We solved for that and are
of the recently passed NYS 2023 Budget, leaving a lot of
delighted to offer it to you. We are sure this tool will help
uncertainty for property owners, developers, and more
make the complex, easy.
questions on how to solve our housing shortage issues. We continue to provide property owners, developers, and attorneys alike with quality knowledge and information
We know you will enjoy this issue and guarantee it will be of value to you.
related to the development site asset class.
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RUBIN ISAK
LEV KIMYAGAROV
Managing Principal and Co-Founder
Managing Principal and Co-Founder
developmentsites.com
