Joe Koicim, Shaun Riney, Seth Glasser, and Mike Salvatico sit down for a roundtable discussion on the current state of the New York City multifamily market and why today’s challenging environment may be creating some of the best buying opportunities in years.
Despite rising interest rates, tighter lending standards, and continued regulatory uncertainty, transactions are getting done and capital is finding its way back into New York City. The group discusses historically low valuations, attractive cap rates, the growing presence of all-cash and 1031 exchange buyers, and why some properties are trading well below their prices from a decade ago.
They also explore the challenges and opportunities in rent-stabilized housing, how investors are underwriting collection losses and regulatory risk, the impact of lender pressure on sellers, and where they see the most compelling investment opportunities.
Reach out to the team:
joe.koicim@marcusmillichap.com
shaun.riney@marcusmillichap.com
seth.glasser@marcusmillichap.com
michael.salvatico@marcusmillichap.com
