Boutique Law Firm in Queens specializing in Real Estate transactions, Wills/Trusts/Estates, Landlord/Tenant and Business Law. The Law Offices of George N.
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Mihalios, Esq. is a Boutique Law Firm located in Astoria, Queens, NY. The Firm operates under a traditional legal setting with emphasis on incorporating new technology that keeps up with the modern legal trend. George N. Mihalios has been representing individuals and businesses for over 15 years and has a broad range of experience in many areas of the law which allows him to provide complete legal
representation at any given moment of a case. The following represents the areas of practice:
*Personal Injury (Car Accidents, Slip/fall, Construction accidents, Pedestrian)
*Real Estate Transactions (Condo, Coop, Residential, Commercial)
*Representation of Cooperative Buildings
*Approved Settlement Agent for Wells Fargo and Bank of America
*Landlord and Tenant Litigation (Nonpayment, Holdover, HPD, DHCR)
*Commercial leases and Litigation
*Wills, Trusts and Estates (Estate Planning)
*Probate and Administration
*Business Law (Transactions, Business formation)
*Construction Litigation
*Land Use
Our office would like to express our deepest condolences to the family of Paul Vallone. I had the pleasure of working with Paul on a Real Estate closing and remember him to be the consummate professional who lit up the room with his charm and smile. Our community and profession has lost a very special person. May he rest in peace and his memory remain eternal!
Market uncertainty is causing a standoff between New York City buyers and sellers, resulting in fewer agreements to buy homes.
Our office is pleased to announce that we are expanding to Long Island with the opening of our second office at 445 Broadhollow Road, Melville, New York. We can still be reached at our main office number: 718-204-2060. More details to follow.
New York City’s Rent Guidelines Board is missing a landlord representative ahead of its preliminary vote on rent increases in May 2021.
Since last year, investors have reacted to potential changes in 1031 exchange program
Landlords across the country are suing to overturn eviction bans, saying they are unconstitutional and discourage renters from paying. http://ow.ly/zbYv50ADTgi
https://www.nysenate.gov/legislation/bills/2019/s8192/amendment/b
Provides that no court shall issue a warrant of eviction or judgment of possession against a residential tenant that has suffered a financial hardship for the non-payment of rent that accrues or becomes due during the COVID-19 covered period.
On June 15, 2020, our legal community lost a legend. I was always proud to call Mark my dear friend and colleague from the very first day I met him almost 10 years ago. We quickly gelled and worked on some Personal Injury cases together through his expertise and guidance. I always admired his work ethic, not only in his practice, but for the commuters of the LIRR. Mark was the epitome of what every lawyer should be and left an indelible mark on everyone who met him. You will be missed but never forgotten Mark J. Epstein. Rest in Peace.
Mark Jay Epstein, a prominent Melville attorney who was active in politics, the Long Island Rail Road and several community organizations, died of a heart attack Thursday. He was 55. Epstein, a tenaci
Paycheck Protection Program Amendments
After passing with overwhelming bipartisan support in the House(*) and Senate, President Trump signed the Paycheck Protection Program Flexibility Act of 2020 into law on June 5, 2020. This Act makes several beneficial changes to the existing Paycheck Protection Program, including:
In calculating loan forgiveness, payroll must be at least 60% (down from 75%) and non-payroll items may be up to 40% (up from 25%).
The “covered period” in which to apply loan proceeds is extended from 8 weeks to 24 weeks, but not beyond December 31, 2020. Borrowers who received loans before the effective date of this change may elect to use the original 8 week period.
Before these amendments, forgiveness could be pro rated if the borrower had a reduction in full time employees (subject to certain exceptions) and did not return to the original headcount by June 30, 2020. Now, forgiveness will not be impaired if the borrower can document an inability to rehire the same or similarly qualified employees or to return to the same level of business activity. Presumably, these concepts will be fleshed out over time. In addition, where restoration would be a factor, the borrower has until December 31, 2020.
Before these amendments, loan payments need not begin until after a deferred period of between 6 and 12 months. Now, the deferral is until the borrower’s loan forgiveness amount is determined. If a forgiveness application has not been submitted within 10 months following the end of the applicable covered period, then payments may be required at that time.
Before these amendments, if a PPP Loan was not entirely forgiven, the payment term for the remainder was between 2 and 10 years, as set by lender and agreed by borrower. The minimum term is now 5 years, but this amendment applies only to loans made on or after the effective date of the amendment.
Mayor Bill de Blasio signed a bill into law Tuesday that prevents landlords from going after restaurant and retailers’ personal assets:
**LANDLORD/TENANT UPDATE** - On May 7, 2020, Governor Cuomo signed Executive Order 202.28 which limits the commencement of summary proceedings for nonpayment of rent and enforcement of eviction orders in those proceedings for 60 says commencing June 20, 2020. HOWEVER, if a Petitioner should seek enforcement of a warrant for nonpayment of rent that was awarded BEFORE March 20, 2020, the Petitioner (Landlord) must first seek leave of Court (file a Motion) and shall include an affidavit by a person with knowledge of the facts stating that respondent (tenant) is NOT eligible for unemployment benefits or otherwise facing financial hardship due to the Covid-19 pandemic. This shall apply to residential and commercial nonpayment proceedings.
A new order from Chief Administrative Judge Lawrence Marks allows new non-essential cases to be filed in 13 downstate counties.
If an employee rejects a Business owners offer to return to their job, they could lose their unemployment benefits.
With more reports surfacing of employees refusing to return to work due to the benefits of unemployment, Treasury Secretary Steve Mnuchin said on Tuesday that people who persist in staying home despite an offer to work will not be eligible for federal unemployment benefits. “If you offer a person ...
As we near the reopening of our office, we remain committed to providing exceptional legal representation to all of our clients. As New York City remains on pause, our office is closed but we are operating remotely and continue to work on our client's matters. If you should have any questions regarding your case, please contact our office at 718-204-2060 or email to [email protected]. Thank you.
Facing pressure from tenant advocates, Gov. Andrew Cuomo extended the state’s moratorium on evictions for at least another two months. The governor
Tenant groups in New York City say the rent strike they have been planning for May 2020 will target specific landlords.
https://www.facebook.com/117941085288/posts/10158019836285289/?sfnsn=mo
The Federal Reserve is keeping interest rates near zero and does not plan to raise them soon.
https://brooklyneagle.com/articles/2020/03/31/justice-johnny-lee-baynes-has-died-at-64-from-covid-19-complications/
Rest in peace Honorable Baynes.
Hon. Johnny Lee Baynes, a judge in Brooklyn since 2005, died on Thursday of pneumonia related to the novel coronavirus outbreak that has plagued New York City and the world. He was 64 years old. “He was a great man, he was great to work for,” said Hon. Jill Epstein, who served as Justice Baynes....
Landlords may be breathing a sigh of relief.
In the first week of April, just 69 percent of rent payments were made, according to the latest figures from the National Multifamily Housing Committee’s rental tracker. But those numbers have improved significantly, reaching 84 percent by the second week of April.
Read more: http://ow.ly/5szN50zfdKO
Gov. Cuomo just announced everyone on public transit must have a face & mouth covering (one of the things Steven Matteo & I asked for in our recent letter). The MTA also increased frequency of express bus trips to reduce overcrowding as we requested. Both will protect public health.
The following link is a write up by Forbes on the process of the paycheck protection program for all small businesses. Thank you.https://www.forbes.com/sites/garrettgunderson/2020/04/14/confused-simplifying-the-complexities-of-the-paycheck-protection-program-and-tax-reform/
On March 27, the Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed into law. The over $2 trillion aid package will provide approximately $377 billion worth of relief to small businesses on a first-come, first-serve basis.
The IRS has extended 1031 exchange deadlines. See below.
Steven Matteo and I have issued the following letter to Mayor de Blasio reiterating our calls on to freeze collection of property taxes & water bills to help residents who are either sick or out of work due to mandated closures & local businesses dealing with government mandates.
During this very difficult time, our office remains committed to providing exceptional legal representation to all of our clients. Our office is closed due to the Pandemic order but we are operating remotely and continue to work on our client's matters. If you should have any questions regarding your case, please contact our office at 718-204-2060 or email to [email protected]. Thank you.
The New York living will document allows individuals to convey end of life and health decisions in case they are at any point they are unable to, the decisions include serious illness which causes incapacitation. The form requires two witnesses. The will is created in line with US statutes §§2964 ...
https://streeteasy.com/blog/new-york-rent-laws-2019/
New York rent laws changed significantly in 2019 and 2020. Here's the StreetEasy guide to the changes, including the current state of broker's fees in NYC.
This is a very trying time for people all over the world as we have not seen a pandemic of this magnitude in over 100 years. The possibility that someone will need hospitalization is at an all time high and as such, you or your loved one need to make sure you have a Health Care proxy in the event you cannot make medical decisions for yourself. We are living in a world where mechanical ventilation is being used more than ever and once a person is intubated, they can no longer make health care decisions for themselves. A Health Care proxy legally appoints someone that you choose and gives that person the right to make all medical decisions on your behalf while you are intubated. The following is a link is to a New York State Living Will that you can fill out on your own. Please stay safe! https://livingwillforms.org/ny/new-york-living-will-form-advance-directive/
The New York living will document allows individuals to convey end of life and health decisions in case they are at any point they are unable to, the decisions include serious illness which causes incapacitation. The form requires two witnesses. The will is created in line with US statutes §§2964 ...
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