Jacob Frydman New York Real Estate related topics.
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Jacob Frydman has over 30 years of experience in structuring, financing, and executing highly complex real estate transactions.
Jacob Frydman Experience
He has acquired over five million square feet of existing and to-be-developed real estate located on the east coast of the United States, and has participated in property transactions valued at over $2 billion.
Jacob Frydman Career
Prior to his retirement in September 2015, Mr. Frydman was the CEO and Chairman of a public Real Estate Investment Trust. After his retirement as CEO, he continued on as the Chief Investment Officer of the Trust, First Capital Real Estate Trust.
Jacob Frydman has built a successful 30-year career in real estate investments and development.
A Boston University graduate with a Bachelors of Science in Finance, and a Juris Doctor degree from Case Western Reserve University School of Law. Frydman left his mark throughout the United States by developing over five million square feet of commercial properties. As an innovator in the property investment market, he often lends his insight as a speaker, panelist, and consultant at industry events and televised news broadcasts. Frydman is an avid humanitarian dedicated to a wide range of charitable organizations. In addition to the NCFJE, he also contributes to The Brem Foundation and The Chabad of Duchess County.
Jacob Frydman notes that the history of zoning laws in New York is more complex than just one building.
In the early 1900’s, the city was experiencing major growth. A speculative boom along the route of the new privately built subway was producing issues of congestion, blocking light and air and causing serious fire and safety hazards. A Manhattan politician, George McAneny wrote in 1913; “The time has come when efforts should be made to regulate the height, size and arrangement of buildings.” From there, a committee established the 1916 Zoning Resolution that put in place strict criteria with a height requirement that could not exceed the width of the road in front of the structure. The law also made clear distinction of specific areas to prevent factories and industry from encroaching upon retail districts. The initial laws remained unchanged until 1961 when additions were made to adjust for current conditions. The results are staggering. In 1910, the population of Manhattan was more than 2.3 million people, by 2010 that number was reduced to less than 1.6 million, the subsequent deduction is directly related to the zoning resolution.
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