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Blog PostMarket Insights

2023: A Decision-Making Year

As we move further into 2023, we are getting a better idea of what the remainder of the year will look like for the NYC multifamily market. To figure out what the future holds it’s often helpful to study the past. I’ve assigned a “theme” to each year: 2019 = HSTPA; 2020 = COVID; 2021= revitalized economy; 2022 = rising rates; And 2023 = decision making.
Seth Glasser
February 28, 2023
Market InsightsMarket Update

2023: Unknowns, Questions & Predictions For the Year Ahead

2022 finished much slower than it started with Q4 bringing a lot of uncertainty and trepidation to the market. Brokers woke up every Monday morning not knowing which deals would sign and close and which deals would fall apart.  Calling a buyer on a Monday was like calling the doctor for your test results – you knew you had to do it, but you were nervous with what they might say. But alas, 2022 is in our rearview mirror it’s time to look at 2023 and make some predictions with…
Seth Glasser
February 15, 2023
Blog PostMarket Insights

Rising Rates & Inflation: What Should You Do?

The most common question clients ask me is: what’s happening in the market today? I answer this question with comparable context. Let’s review how interest rates, property taxes and compliance in the beginning of 2022 are different from the end of 2021. Spoiler Alert! The factors we’ll run through have negative impacts on value, but the result of my findings is that values have remained remarkably stable.
Seth Glasser
April 26, 2022
Blog PostBronxMarket Insights

The Three Most Influential Factors Impacting Upper Manhattan & Bronx Apartment Buildings In 2022

The most common question clients ask me is: what’s happening in the market today? I answer this question with comparable context. Let’s review how interest rates, property taxes and compliance in the beginning of 2022 are different from the end of 2021. Spoiler Alert! The factors we’ll run through have negative impacts on value, but the result of my findings is that values have remained remarkably stable.
Seth Glasser
March 3, 2022