NYM Group

In this market update, Joe Koicim, Shaun Riney, Seth Glasser, and Mike Salvatico share current market data points, year-end reflections, and tips for sellers looking to position themselves for success amid current challenges. They also discuss the growing market momentum following a recent Fed rate cut, explore deal stories from the past few weeks, and examine the impact of legislation like good cause eviction. Listen on Spotify Listen on Apple Podcasts Get the latest updates on Instagram:  https://www.instagram.com/newyorkmultifamily https://www.newyorkmultifamily.com

Joe Koicim and Seth Glasser are joined by Vince Giovinco, Executive Vice President and Director of Commercial Real Estate at Flushing Bank. In this episode, Vince shares insights on the current lending landscape, the challenges facing borrowers, and the nuances of underwriting in the current market. The conversation delves into Flushing Bank’s conservative, relationship-driven approach, distinguishing it from larger banks, and explores how recent Fed rate cuts may influence lending strategies. Listen on Spotify Listen on Apple Podcasts Get the latest updates on Instagram:  https://www.instagram.com/newyorkmultifamily https://www.newyorkmultifamily.com

Shaun Riney and Seth Glasser are joined by Shlomo Chopp, Managing Partner of Case Equity and expert in all things "distressed". In this episode Shlomo delves into the strategic maneuvers needed to manage distressed assets effectively. We discuss the challenges borrowers are facing, the intricacies of negotiating with lenders, and the importance of early intervention. Listen on Spotify Listen on Apple Podcasts Get the latest updates on Instagram:  https://www.instagram.com/newyorkmultifamily https://www.newyorkmultifamily.com

Shaun Riney and Seth Glasser are joined by Ryan Tseko, Executive Vice President of Cardone Capital, to discuss his journey from commercial airline pilot to Grant Cardone's right-hand man. Ryan shares insights into current market trends, acquisition strategies, and Cardone Capital's unique approach to investor relations through monthly distributions and transparent communication. Listen on Spotify Listen on Apple Podcasts Get the latest updates on Instagram:  https://www.instagram.com/newyorkmultifamily https://www.newyorkmultifamily.com

Shaun Riney and Seth Glasser are joined by Rick Gropper, principal and co-founder of Camber Property Group. Rick is an expert in the development, construction and ownership of affordable and mixed income multifamily housing throughout NYC. In this episode, he explains how Camber has overcome current industry challenges like rising costs and regulatory hurdles, to find success in the affordable housing space. Listen on Spotify Listen on Apple Podcasts Get the latest updates on Instagram:  https://www.instagram.com/newyorkmultifamily https://www.newyorkmultifamily.com

Shaun Riney and Seth Glasser are joined by Eric Anton and Nelson Lee of Marcus & Millichap’s Global Capital Group. Eric and Nelson specialize in sourcing and raising foreign capital, specifically from Asia and Europe. In this episode, they share insights into the trends driving foreign investment in New York City, highlighting the appeal of growth, stability, and diversification opportunities that the city offers compared to other global markets. We also discuss the strategic importance of understanding cultural nuances, navigating regulatory landscapes, and building trust with international clients to successfully…

As we hit the 5-year anniversary of the 2019 Rent Laws, Joe Koicim, Shaun Riney, Seth Glasser, and Mike Salvatico sit down to unpack the impact of HSTPA and offer insights into the successes and challenges of navigating the rent-stabilized market. We also analyze the evolving lending environment, highlight recent exciting deals, and evaluate emerging trends in the NYC multifamily market. Listen on Spotify Listen on Apple Podcasts Get the latest updates on Instagram:  https://www.instagram.com/newyorkmultifamily https://www.newyorkmultifamily.com

For our 30th episode, Shaun Riney and Seth Glasser are joined by James Marino and Nativ Winiarsky from Kucker Marino Winiarsky & Bittens, LLP and Jay Martin, Executive Director of CHIP. Our discussion focused on the legal, political, and economic impact of the passing of the 2025 budget. Topics Covered Include: ·         Good Cause Eviction ·         New IAI laws, RGB vote and what’s next for the rent stabilized housing industry ·         485-x, the development tax incentive program which replaces 421-a · …

Shaun Riney and Seth Glasser are joined by Matt Rappaport, Vice Managing Partner at Falcon Rappaport & Berkman LLP.  Matt is a seasoned tax attorney specializing in wealth transfer, mergers and acquisitions, and real estate transactions in general. In this episode he offers ideas on how and when to structure family partnerships, balancing tax considerations with practical business goals and navigating complex real estate ownership structures across multiple generations. We close the episode with the benefits and risks of a DST in leu of doing a traditional 1031 exchange. Listen…

Shaun Riney and Seth Glasser are joined by Todd Rose and Paul Coppe from Rose & Rose Law. Todd and Paul were lead counsel in the case of 335-7 LLC v City of New York, which asked for certiorari by the Supreme Court of the United States of America, and sought to highlight the unconstitutionality of NYC’s rent regulation system and specifically 2019's HSTPA. Unfortunately, after 12 conferences the case was denied. Despite the setback, they remain resolute, determined to continue the fight for property rights. In this episode, we…