Jay Greenberg

Multifamily Investments - NYC and Southeast

[Adam Schefter @AdamSchefter]

Sources: Jets requested a general manager interview with Buccaneers assistant GM Mike Greenberg, who grew up a Jets fan on Long Island.

[Conor H. @c_huss]

Hey #retwit

We're hiring an experienced Asset Management Analyst to support our institutional partnership, which has acquired over $250 million in real estate since 2023. The role is based in Brooklyn and requires in-person attendance

DM me for more information!

[Jay Greenberg @ZGPropertyGroup]

@mu2myoc Very well done

[Adam Schefter @AdamSchefter]

Panthers requested permission to interview Buccaneers’ assistant GM Mike Greenberg for their general manager job, per source.

[Jay Greenberg @ZGPropertyGroup]

@Keith_Wasserman Rolf & Daughter

[Jay Greenberg @ZGPropertyGroup]

@investandcreate @realEstateTrent @BobKnakal We haven’t found anything that has made sense in the SE in almost two years. But, everything we own down there is in Charleston. Optimistic that changes soon as @kylematthewsceo detailed yesterday. Recent acquisitions all in NYC.

[The Real Deal @trdny]

Twinsies! Carlyle, Z+G partner on another multifamily purchase https://t.co/DAP7Ga9Fnd

[Traded: New York @tradedny]

SALE
IMAGE: Ofer Cohen, Matthew (Matt) Cosentino, Daniel (Dan) Lebor & Remi Norris
DATE: 10/10/2023
ADDRESS: 180 Bainbridge Street
MARKET: Brooklyn
ASSET TYPE: MultiFamily

BUYER: Jay Greenberg & David Co...

View Post on Instagram:https://t.co/5f9LV4OM3M

[Jay Greenberg @ZGPropertyGroup]

https://t.co/mF0bWQOegC

[Jay Greenberg @ZGPropertyGroup]

@Comm_RE_ @realEstateTrent That is the broker’s job to select a reputable buyer who can close. Asking for a buyer to show a screen shot of a bank account with millions of dollars in it doesn’t prove anything. What buyer sits with the full purchase price in cash in their bank account?

[Jay Greenberg @ZGPropertyGroup]

@realEstateTrent Fair market rents in NYC continue to climb and probably not stopping anytime soon. It’s a supply problem that was not helped by 2019 HSTPA and will probably get worse with 421-A not being extended. Lots of combinations and townhomes conversions done over the last few years

[Jay Greenberg @ZGPropertyGroup]

@realEstateTrent $618,500 in increments of $25,000 for a 4-unit in Bushwick. Was 32 and sold the deal 6 years later. I remind those original investors every time I speak to them how much I appreciate such insane trust in me on our first acquisition.

[Jay Greenberg @ZGPropertyGroup]

@c_huss @GoodGuyGuaranty @Cribdilla @moseskagan Even though 2A/2B is “tax class protected,” most that have owned a few know how badly they (we) under-projected the non-tax operating expenses. These properties are incredibly inefficient unless you had the chance to gut the whole building. Insurance is just the start.

[Jay Greenberg @ZGPropertyGroup]

@SMBfella @moseskagan We bought arguably our best property from RT and will hold it for decades. Took years to get the deal done. Congrats Moses!

[Traded: New York @tradedny]

SALE
IMAGE: Shallini Mehra & Amit Doshi
DATE: 01/19/2022
ADDRESS: 449-451 Court Street
MARKET: Brooklyn
ASSET TYPE: Mixed-use

BUYER: Z+G Property Group - Jay Greenberg (@ZGPropertyGroup)
BROKERS: ...

View more details on Insta: https://t.co/WlghAEYaH9

[Jay Greenberg @ZGPropertyGroup]

@iononrecourse @moseskagan This is the secret sauce for good operators. There’s probably a market for it but I can’t imagine our investors would like that

[Jay Greenberg @ZGPropertyGroup]

@moseskagan We have been seeing property management companies trade (or attempt to trade) at fairly low multiples of EBITDA depending upon location/rents. But, when you hit 2,500+ units, it can attract more aggressive capital for much better valuations. Undervalued for sure right now

[Jay Greenberg @ZGPropertyGroup]

@Keith_Wasserman Buying Residential Rent Stabilized properties in New York City