MGNY Consulting Corp.

02/14/2024

In the bustling heart of New York City, where luxury condominiums and office towers dominate the skyline, MGNY Consulting is leading the charge for a new era of affordable housing. MGNY’s principals underscore our pivotal role in addressing the rising demand for affordable housing in NYC.

Watch the full video here. Learn more about our commitment to reshaping the NYC real estate landscape!

01/12/2024

🏙️ MGNY Consulting has been featured on The Real Deal.
Principals, Michael and Yuri Geylik share insights into our expertise in Affordable Housing Management and Property Taxes.
Dive into The Real Deal article to discover how we ensure efficiency, savings, and accessibility in both property taxes and affordable housing lottery management.
Read the article and connect with us today!

https://therealdeal.com/sponsored/naftali/naftali-group-chairman-miki-naftali-unveils-visionary-miami-project-at-the-real-deal-showcase/

05/27/2022

Mr. Shin turned to MGNY to audit the property tax exemption implementation. Upon discovering several errors, MGNY's commercial exemptions team went to work. Result: $500,000+ tax refund.

05/20/2022

How is ICAP calculated?
The abatement base for ICAP benefits is determined by subtracting 115% of the pre-construction tax from the post-completion tax on the building. It is important to note that the post-completion tax on the land is not abated.

More details on the mgnyconsulting.com/icap

05/09/2022

Who Is Required to File an RPIE?
If you own an income-producing property with an actual assessed value greater than $40,000 on the Department of Finance's tentative assessment roll, you are required to file an annual RPIE statement.

For more information, link is at the first comment

05/04/2022

Owners of 4 or more residential units or commercial property with storefront spaces (tax class 2 or 4) who have filed storefront information as part of their annual RPIE filing must file a Supplemental Storefront Registration form to report any property ownership changes or storefront vacancies that occurred between January 1 and June 30 following the reporting year, or the date you sold the property, whichever is earlier.

For more information, contact us at rpienyc.com
or mgnyconsulting.com/services/rpie-filing-nyc/

05/03/2022

Ratan Hotel Group benefited from MGNY's tax appeal services and received millions of dollars in benefits via successful ICAP applications.

See details on

Ratan Hotel Group benefited from MGNY's tax appeal services and received millions of dollars in benefits via successful ICAP applications.

04/28/2022

Every multi-family developer in NYC is rushing to meet the commencement deadline of June 15, 2022 to qualify for 421-a(16) tax benefits. Check out HPD's guidance on how to best position your development in order to vest. 7 weeks left to get your foot in the door!

04/25/2022

Develop and maintain a reliable property tax management system for New York City’s taxpayers.

For more information, contact us at mgnyconsulting.com

04/20/2022

ICER Real Estate utilizes MGNY's services and expertise in all matters relevant to property tax. From tax certiorari filings and RPIE compliance to all new development tax abatement applications and affordable housing marketing.