Behind The Bricks is the #1 podcast on New York City Multifamily Real Estate Investing. Through discussions with the most influential NYC apartment building owners, we get a deeper look into this exciting investment industry. [click here to continue]
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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.
As the New York City multifamily market evolves, management evolves with it.
This month, I have asked Rob Morgenstern of Canvas Property Group to provide insights on third-party management for multifamily owners.
In New York City, it’s always challenging to close the sale of a multifamily portfolio. It’s especially challenging in 2019 when the properties are spread across 2 boroughs.
The New York Multifamily team of M&M closed such a portfolio of assets in Brooklyn and Queens — a $112,000,000 portfolio of 6 properties representing 423 units and 426,749 square feet. The portfolio ultimately sold to a single buyer. Here’s a look at how this deal came together, and the challenges faced on the path to closing.