Join us on Clubhouse at 10:30am today (we'll be doing one every Monday at 10:30am) - Weโll do a quick NYC multifamily market update and discuss recent market activity.
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Impacts to Brokerage and Selling? Multifamily brokers today absolutely have to have relationships with qualified, existing buyers. If an owner awards a sales assignment to a broker, they need confidence that the agent can complete the job. /fin
Where to be Cautious? Every new piece of legislation that affects multifamily owners has a cost associated with it + These expenses are being factored into underwriting. Insurance premiums and real estate taxes are increasing. These hit regulated assets particularly hard.
Are you seeing a mindset change among NYC real estate owners? I sat down with team members Haley Hasho, Seth Glasser and Jacob Kahn and we discussed the current state of the Upper Manhattan multifamily market. Who is selling? What should buyers be focusing on?
(1/x) Want to highlight the best podcast episode I've listened to this year, Ofer Yardeni on @NYMultifamily's "Behind the Bricks". Real estate fintech has been a really hot area for investment (and conjecture) and Ofer had the best answers I've heard for where MF RE is headed
How is CRE data transforming the industry? In our recent Monthly Market Talk we sit down with Ely Razin of @CrediFiCRE and hear about how he is leveraging tech to provide better tools and information about CRE capital markets. Take a listen at the link below...
There are approximately 20,000 multifamily building owners in NYC. There are short-term, long-term, and unintended consequences that rent reform will have on New York...https://t.co/OJBLsQFQqn
Closed for $953/SF on the Lower East Side - 303 East Houston Street. This off market, value-add deal traded for $6,800,000. Congrats to my partners Joe Koicim, Corey Isdaner & Jared Bernstein. Thanks to attorneys Robert Frankel & Mitch Kossoff.
As many are aware, recent changes to rent regulation were proposed to the senate. Hear my thoughts on these impending laws in The Real Deal article below...https://t.co/cvU0aZrwyX
Market Intelligence Highlights: Stats from NYM data show that Manhattan West side cap rates increased 4% when compared to the last 12 months - stay up to date on all of our market data at https://t.co/Ip5jVPPpL0
Current NYC Rent Regulation laws are set to expire June 15th - what do these new bills mean for developers and owners?
#CRE#investmentsales#rentregulation#realestate
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