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NY Gubernatorial Candidate Tom Suozzi on Actual Property

U.S. Rep. Tom Suozzi isn’t new to enterprise or to politics. The congressman from New York’s third district is a…

By Staff , in Real Estate , at May 13, 2022


U.S. Rep. Tom Suozzi isn’t new to enterprise or to politics. The congressman from New York’s third district is a CPA, an lawyer, a former county govt and served 4 phrases as mayor of his native Glen Cove.

He additionally isn’t new to gubernatorial candidacy, having confronted off in opposition to Eliot Spitzer within the state’s 2006 Democratic main. It didn’t go nicely.

Neither that defeat nor strain from his personal get together has swayed Suozzi from his ambitions this time round. “All the pieces I’ve completed in my life has ready me for this explicit job at this explicit level,” he advised The Actual Deal final week.

Which may not be a nasty factor for the state’s actual property pursuits, to which Suozzi may signify a purplish spot in an ever-deepening sea of blue. He’s obtained enterprise expertise, is aware of learn how to play the political sport and hasn’t eschewed actual property donations. In comparison with incumbent Gov. Kathy Hochul, who largely didn’t get the trade’s priorities throughout the end line within the state funds, and fellow challenger Jumaane Williams‘ place additional to the left, Suozzi may seize a few of the trade’s assist.

To try this, he must display viability above all else. This week he launched inside polling exhibiting he’s gaining on the incumbent and will overtake her by the June main.

Now, with 421a and so many different essential points on the road, is it Suozzi’s time? And what would a Suozzi governorship really imply for actual property? (“Native management, not Hochul management,” he says, for one, referring to his place that localities ought to be capable to reject zoning that permits accent dwelling items.)

TRD senior managing editor Erik Engquist interviewed Suozzi to seek out out extra. Watch the video above for his takes on the whole lot from the trade’s favourite tax exemption to single-family zoning and the state’s 2019 lease legislation.



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