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NYM Group

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Guest Post and 10X Your Reach

Hi There. Looking forward to you contributing to Behind the Bricks.   It’s a great format to get information out to the New York Multifamily community and to establish yourself as a thought leader. I would like to give you some criteria for your guest posts.  All of my posts are created to: Provide Free Value Offer Actionable Advice to our Audience In order for this to occur, it also has to have qualities that will help its exposure grow. Take a look how, below: Real Info, Real Content.  Get into the…
NYM Group
June 2, 2017
Market Insights

Midtown: Owner Sells for $33,000,000 and Doubles His Passive Income

I was more than pleased with the brokerage services provided by Peter, Joe, and the rest of the New York Multifamily team. After owning our midtown asset for many years, I was also delighted that the team was able to assist me in a 1031 exchange and subsequent purchase of multiple NNN (triple-net) properties. As a result of their work, my cash flow has more than doubled. For anyone looking to make this transition, I would highly recommend using them.
NYM Group
May 18, 2017
Market Insights

The Asking Price: When Asking Less Gets You More

The selection of an asking price can cause a lot of confusion among sellers, their brokers and buyers. Using an appropriate asking price is a huge strategic advantage for sellers, and requires navigating topics like trust (are they truly representing me?), competency (do they know the market?) and capability (can they get it done?) with your broker. Therefore, it can often seem like the interests of the seller and broker are not aligned. I can recall a time when Rose, an elderly widow, forced me to price her $30MM Brooklyn…
NYM Group
May 9, 2017
Market Insights

3 Reasons the NYC Multifamily Market Is More Active Than Predicted

So far 2017 has been the opposite of what the experts’ predicted. When compared to one year ago, our teams’ inventory and transaction volume is substantially higher. Why? With the new government and rate increases wasn’t the market supposed to be slower? Lets explore… The first major trend emerging is more product is coming to market. This is showing up as more potential sellers are asking for “opinions of values” and our listing inventory is up approximately 35%. To understand why, consider the mindset of the sellers. Five months ago,…
NYM Group
April 12, 2017
Market Insights

Harlem: Steve Sold on 139th Street, Doubled his Cash Flow, and Reduced Management… How?

“It is my pleasure to acknowledge Joe Koicim, Peter Von Der Ahe, and Seth Glasser on their selling of my buildings on 139th Street in Harlem. Not only do I commend their ability to execute the objective in selling our assets, through their extended team, they were able to locate Triple-Net (NNN) buildings which allowed me to do a 1031 exchange and increase my cash flow significantly. Without hesitation I recommend them and keep them in the highest regard.” -Steve, Former Owner of 515 & 526 West 139th Street
NYM Group
April 4, 2017
Success Story

How Steve Sold in Harlem, Doubled his Cash Flow, and Reduced Management

Foreign capital has always influenced the New York City market. They love it. Once while walking a foreign investor through the Upper East Side, we passed two identical buildings: the first, 100% occupied and the other, vacant with boarded up windows. The out-of-town investor looked at the vacant building and said "maybe I should buy that one..." assuming a discounted price. This is one of the nuances of the NYC multifamily market: vacant buildings are often more valuable than occupied because they are not encumbered by leases. As one client…
NYM Group
April 4, 2017
Market Insights

Brooklyn: Overcoming Loft Law Hurdles to Sell Building for $1,000,000 / Unit

“I was fortunate to meet Shaun Riney and the New York Multifamily team who were extremely professional and diligent at every step of the process. After having been in the business since 1985, I have never experienced this level of competency, toughness, honesty and dedication through every twist and turn as was exemplified with this team.” -Gina, former owner of 35 Claver Place
NYM Group
March 18, 2017
Market Insights

3 Ways to Guide Foreign Investors in the NYC Market

Foreign capital has always influenced the New York City market. They love it. Once while walking a foreign investor through the Upper East Side, we passed two identical buildings: the first, 100% occupied and the other, vacant with boarded up windows. The out-of-town investor looked at the vacant building and said "maybe I should buy that one..." assuming a discounted price. This is one of the nuances of the NYC multifamily market: vacant buildings are often more valuable than occupied because they are not encumbered by leases. As one client…
NYM Group
March 14, 2017
Market Insights

Winning in New York City's Rental Market

The dynamics of the rental market in New York City have changed. The New York Times, Wall Street Journal, Real Deal, and others are running articles about the shift in rents. Let's take a deeper dive... How did we get here? Market rents in NYC have risen dramatically over the past five years. In many cases, year-over-year increases were in the double digits as owners and developers realized a very strong demand from millennial renters who "paid up" for high-quality renovations and building amenities.
NYM Group
February 2, 2017
Market Insights

NYC Multifamily Owners: What are the 3 R's of 2017?

Welcome to 2017! This year we look forward to the growth that (hopefully) comes from a more favorable business environment. The past 12 months have been marked by uncertainty as prices, rents, financing, equity, and government regulations all changed. We hope the year ahead will bring resolution where needed--and looking forward--we focus on three categories: Rates, Rents, and Regulation. These are the "Three R's of 2017." Rates: Interest rates have started to rise and indications are such that we should anticipate moderate future increases. To hold its value, a property's…
NYM Group
January 4, 2017