NYM had an active month in August with a total of $197,710,000 in activity! This month we closed 6 deals for a total of $46,275,000 and listed 22 properties totaling $113,215,000. We recently listed a 10-unit protected tax class 2B opportunity at 51 East Houston Street in NoLiTa for $10,950,000. We also brought to market 610-614 Crescent Avenue in the Bronx, a 49-unit property in prime Little Italy location right off of Arthur Avenue for $7,200,000.
NYM GroupSeptember 6, 2019
One of the most attractive elements of real estate investing is the ability to shelter your profits and take them to the next investment. This guide will teach you ways to do that while avoiding capital gains to help you become a more successful real estate investor.
NYM GroupSeptember 4, 2019
One of the most attractive elements of real estate investing is the ability to shelter your profits and take them to the next investment. This guide will teach you ways to do that while avoiding capital gains to help you become a more successful real estate investor.
NYM GroupAugust 22, 2019
NYM had one of the most active months of the year so far as the multifamily industry continues to adjust to the impact surrounding the new rent laws. In July, we had a total of $352,002,556 in activity! This month we placed $112,550,000 under contract and listed 14 properties totaling $205,700,000.
NYM GroupAugust 2, 2019
Living in NYC will be dramatically reshaped. The "2019 Rent Reform Act" immediately implements state-wide rent caps on rent stabilized apartments and more strict landlord controls, as the government vastly increases its power over these buildings. The political change which allowed the bill to pass, was created when Democrats took control of the New York State Senate, which has been typically held by Republicans. In a way, this change is the result of “anti-trump” votes that flipped those senate seats in the mid-terms of 2018. This effectively created a 1-party…
NYM GroupJuly 31, 2019
