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Posted: December 19, 2017
2017 Year in Review: Kalmon Dolgin, Kalmon Dolgin Affiliates
Name & Title: Kalmon Dolgin, co-president
Company Name: Kalmon Dolgin Affiliates
Address: 101 Richardson Street, Brooklyn NY 11211
Who or what contributed to your success in 2017 and why?
As a family business nearing its 114th year this month, we owe much of our success to KDA’s dedicated team of long-standing professionals and long-term support staff. We rely on the varied and diverse specializes of each other, realizing that the whole is better than the sum of its parts. By self-limiting to the areas in which we have decades of expertise and experience, KDA provides the advantage over the competition.
What trends will impact your business in 2018?
If the new tax plan comes to pass, combined with an anticipated rise in interest rates, it will make purchasing investment properties more challenging. There is a tremendous amount of cash looking for a home, and coupled with foreign nationals and REITs, it will become more difficult for independent investors to acquire properties with meaningful returns. At some point in the future, many smaller investors who purchased low-yielding property with highly leveraged debt will be faced with a day of reckoning when it comes to refinancing.
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