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NYM Group

Market Insights

NYM Monthly Metrics – July 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 Group
August 2, 2019
Market Insights

5 Questions YOU Should Ask Post 2019 Rent Reform

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 Group
July 31, 2019
Market Insights

Jeff Bezos Has An Answer for the Future of RE Tech

All participants in commercial real estate are hunting for a competitive advantage. Whether you are an investor, broker, or other player, you have probably explored technology to improve your success. And technology is a great tool. But, there is much more to the story. When talking about the future, you may be surprised to know that Jeff Bezos advised us to “focus on what doesn’t change.”
NYM Group
June 28, 2019
Market Insights

NYM Monthly Metrics – June 2019

June was a monumental month for the entire NYC multifamily industry as owners, operators and professionals digest the impact of the new rental laws. The NYM team is conducting market research in order to give our valued clients a better understanding of what this means for the market and all NYC multifamily owners. I will be in touch with our unique insight as it becomes available. Despite the shake up, we had an active month. In June we had $212,394,573 in activity at NYM! This month, we closed 11 deals…
NYM Group
June 27, 2019
Market Insights

NYM Monthly Metrics – May 2019

After an extended period of higher rental supply in New York City, a series of interesting shifts are occurring. The lack of new construction, high land and construction costs, and historical trends show us that this era of excess supply and falling rents is coming to an end.
NYM Group
May 31, 2019