Talks of Tenant Protections and a Key Tax Break for Developers

Tenant protections and a key tax break for developers are just two of the real estate issues shaping the early stages of New York’s gubernatorial race, establishing whether a growing number of Democratic hopefuls — including, most recently, Long Island Rep. Tom Suozzi — fall to the right or left of incumbent and perceived moderate Kathy Hochul.

Republicans, meanwhile, appear to be uniting behind Long Island Rep. Lee Zeldin, although former Westchester County executive Robert Astorino and Andrew Giuliani, the son of Rudy Giuliani, are also vying for the nomination.

Landlords and tenant advocates will be watching how Hochul handles the state’s remaining pandemic eviction protections, the scheduled expiration in June of the tax break formerly known as 421a and rising momentum for a statewide good cause eviction bill.

Gov. Kathy Hochul
After Cuomo resigned, Hochul pledged to fix the state’s stalled rent relief program. Three months later, by mid-November, the state had earmarked all of the $2.4 billion in available federal money and requested another $996 million. Hochul, who had served as Cuomo’s lieutenant governor since 2015, recently told the New York Times that her party needs to prioritize economic growth and public safety. At a November event hosted by the Association for a Better New York, Hochul emphasized the need for New Yorkers to return to their offices. Still, she will likely need to ensure that she doesn’t appear too cozy with real estate interests.

Public Advocate Jumaane Williams
In 2018, Williams came about 7 percentage points, or less than 100,000 votes, shy of beating Kathy Hochul for the Democratic nomination for lieutenant governor. Williams, too, supports good cause eviction and has long been critical of 421a and its successor programs, calling them giveaways to real estate developers. As a Brooklyn Council member, he introduced a measure that would ramp up city audits of the tax break. It was approved in 2017. Williams refused real estate donations when he ran for public advocate.

Mayor Bill de Blasio
During his eight years in office, the mayor has managed to be both scorned by the real estate industry and accused of catering to it. He has not officially declared his candidacy and has not discussed his position on eviction protections, nor the renewal of 421a.

Rep. Lee Zeldin
A Long Island Congressman since 2015, Zeldin has established himself as a steadfast ally of former President Donald Trump. In January, he was one of 147 Republican lawmakers who voted against the certification of the 2020 presidential election. In November, Zeldin referred to good cause eviction as “universal rent control” and said he would never sign such a bill into law. New York has not elected a Republican governor since George Pataki in 2002, so Zeldin will likely face an uphill battle in the general election.

Attorney General Letitia James
James was polling a distant second behind Hochul for the Democratic primary when she dropped out of the race on Dec. 9 to pursue re-election as attorney general. Her exit was likely a welcome development for landlords. James declared her support for good cause eviction. As attorney general, James has launched various investigations into former President Trump and his family’s business. She has gone after landlords for abusing the 421a program and cracked down on construction companies where workers alleged they were exploited and sexually harassed.

You can read more about the exciting race here. We will be watching this race closely and continue to provide updates. Our goal is to keep you informed of all things real estate-related. I love this time of year. Happy Holidays to you and your family.

Warm regards,
Stacey Froelich

Samantha Wortmann
Licensed Real Estate Salesperson

Samantha Wortmann is a born and bred Manhattanite with Real Estate in her blood. As a member of the Stacey Froelich Team, Samantha brings a fresh new perspective and millennial skillset to a team with 20+ years of experience. With an unwavering work ethic and honest nature, Samantha is passionate about her product and creative in the approach. She creates strong relationships and elevates the experience for buyers and sellers alike.

With a keen eye for style, Samantha provides an imaginative vision for her clients. Along with natural talent, she brings an education from the New York School of Interior Design to the table making her an excellent advisor and executor of impactful home staging and interior design.

Samantha currently splits her time between the Upper East Side in a co-op that she personally designed and renovated, and a beautiful historic home in Ridgewood, NJ with her husband Robert and their newborn son, Tripp. In their spare time, the Wortmanns can be found playing with their dog, Goose, in Central Park, skiing in the Catskills, or boating off the coast of Connecticut.

Melina Marini
Licensed Real Estate Salesperson

From the first photo-shoot to the final page of an impeccable board package, Melina Marini is there with her clients every step of the way. Her passion and expertise for the NYC market make her a valuable resource for anyone from first time buyers/sellers to seasoned real estate investors. Her approach to real estate consists of 4 major components: service, attention to detail, market knowledge, and integrity.

Melina is a dedicated professional who helps sellers by crafting a detailed marketing and pricing plan to attract financially qualified buyers, and gives each listing the time and attention it requires to sell quickly, and for the best price. When working with buyers, she relies on a combination of listening to and interpreting the buyer’s needs, in order to find the ideal home at the ideal price, in the most convenient timeline. She lives by a steadfast rule of being accurate and efficient, which has made her a client favorite.

Prior to obtaining her real estate license, Melina worked as a project manager for a Downtown Brooklyn condominium conversion. She is a graduate of Mount Holyoke College with a B.A. in Music Performance. During her down time, Melina enjoys spending time with her wife and
australian shepherd, Lyon, in their cooperative in Bay Ridge, Brooklyn, and performs internationally with her six person vocal band, Concrete.

Carolyn Levitan
Licensed Real Estate Salesperson

As real estate is one of the most important and emotional decisions a person can make, Carolyn Levitan forges a true partnership with each client, understanding their unique needs in order to help them reach their goals. Carolyn acts as a trusted adviser through every stage of buying or selling a home. Seeing her clients appropriately invested and comfortably settled is Carolyn’s foremost priority. Her clients include everyone from first-time buyers to dedicated clients she has
helped through numerous purchases, sales, and investments throughout her 25+ years in the real estate industry. Each deal and each client are equally as important to Carolyn, and it shows.

Carolyn’s impeccable reputation, unparalleled knowledge, professionalism, and passion for the industry mean she is a go-to source not only among her clients, but also her colleagues. From
sitting on condo and co-op boards, to renovations and interior design, to handling new development projects from the ground up, Carolyn understands every facet of real estate from both professional and personal experience.

Originally from Sands Point, Long Island, Carolyn was raised by parents whose favorite hobby was buying and selling homes. Sunday family outings consisted of visiting model homes and real estate chatter. After raising her daughter on East 72 nd Street, Carolyn moved to Flatiron, where she has resided for the last ten years.

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Henry Weinstock
Licensed Real Estate Salesperson

Young and hungry in the real estate game, Henry Weinstock is thrilled to bring his colored background and unique approach to sales to the Stacey Froelich Team. His degrees in Psychology and Communications from UCLA have led him to realize his passion for helping people, keeping his clients’ best interests in mind while acting diligently.

Born and bred in Long Island, Henry is extremely familiar with New York City and its distinctive market. He is starting his real estate career in a hybrid role, as both an administrative assistant and a licensed real estate salesperson. Henry’s interest in real estate stems from working under an award-winning interior designer for two summers, where he realized his passion for real estate and developing dream homes for his clients. His strong interpersonal skills, compassionate demeanor, and attention to detail make him an excellent choice for all types of clients.

Henry now lives in Manhattan full time and loves to explore the city, exercise, go to the beach, and adventure with friends and family in his free time.

Robert Godby
Licensed Real Estate Salesperson

New York is a city of serendipity, a fact Robert Godby can personally attest to. The path he walked to and from his former job at Mount Sinai Hospital led him past a real estate office window each day. “I would always stop and look at the floor plans and photos,” he says. In 2010, Robert decided to take the leap into real estate himself, starting as the executive assistant to the CEO of one of New York’s top firms and then as a licensed salesperson. Robert is a proud member of the Stacey Froelich Team at Compass since 2013.

Since then, he’s separated himself from the pack with his tenacious dedication, detail-oriented focus, and ability to maintain calm during any stressful situation. Robert specializes in sales and rentals in Manhattan and prides himself on being available to his clients, even after a transaction is complete. “I want to make the process smooth and fun,” he explains. “My favorite part of this job is meeting people.”

Robert combines his love for working with people, technology, and marketing expertise in order to make the buying and selling process as seamless as possible. A Philadelphia native, Robert holds a bachelor’s in political science from Radford University in Virginia. He has called New York City home since 2009, and in his free time, he enjoys running and staying physically active, reading and traveling.

Carla Slocum-Friedman
Licensed Associate Real Estate Broker

Her love of architecture, interior design, and the elements of home are what most draw Carla to the world of selling real estate. This, combined with her passion for life in New York City and her in-depth knowledge of Manhattan make her a powerful partner for anyone seeking a home or apartment here. Carla believes that the purchase of any piece of real estate should ideally be two-fold. It should afford an opportunity for investment and capital appreciation, while acting as a sanctuary and emotional haven for the owner. Her goal is to deliver the highest possible quality service to enable both buyers and sellers to seamlessly achieve their financial and personal goals. Carla brings skill, dedication, honesty, and integrity to her work, as well as a sense of humor.

Having lived in Manhattan since graduating magna cum laude from the University of Pittsburgh, Carla has spent the last thirty years exploring the diversity of each of the neighborhoods within the city, and is well-versed on the landmarks and distinctive attributes of each, especially parks, restaurants, transportation, and services. Prior to entering real estate, Carla spent twenty-five years as a senior fashion executive who successfully built brands and grew revenue and profit within a variety of retail and wholesale venues. Carla’s expertise in design, merchandising, and marketing serves her extremely in real estate. Outside of work, Carla spends leisure time with her fearless Wire Fox Terrier, Asta, her husband David, and her two children. She enjoys working on design projects, theatre, antiquing, and spending as much time as allowed at her home in Bridgehampton.

Stacey Froelich
Licensed Associate Real Estate Broker
Stacey grew up in New York and moved back to live in Manhattan after graduating from the University of Florida in 1995. Stacey began her career in residential real estate in 2001.  Real estate is the perfect career for Stacey due to her ability to connect with people, her ability to balance a fast-paced business, juggling many balls at once, and maintaining focus and organization throughout the process. Stacey heads her team of dedicated, hard-working, driven agents. Stacey is extremely conscientious in making sure all of her endeavors yield successful results for her clients, with no exception. She is driven to ensure her buyers find a place that feels like home and that her sellers receive maximum exposure with a goal to procure the most qualified buyer at the highest possible price.
Stacey truly sees the value in building long-standing relationships with her clients. She spends time with each of them to ensure they know she is there to support and guide them throughout this process. Stacey’s motto is that relationships are the key to her success, which is what makes her personal and professional life so fulfilling.

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