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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Team Effort Creates $18 Million Brooklyn Multifamily Sale For Win-Win Scenario

In the first half of 2019, the future of New York City’s rent laws was up in the air. Building owners weren’t sure if state-wide rent caps and strict regulations were going to be implemented.

The internet was full of articles about real estate doomsday scenarios and what these new “anti-landlord” laws could mean for owners and their future profits. This cloud of uncertainty had the potential to derail certain real estate deals.

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NYM Monthly Metrics – August 2019

NYM had an active month in July with a total of $197,710,000 in activity! This month we closed 6 deals for a total of $46,275,000  listed 22 properties totaling $113,215,000.

We recently listed 29-06 Crescent Street in Queens, a 38 unit building in Astoria for $12,400,000. We also brought to market 60 West 45th Street – a 100% Free Market development opportunity in Midtown for $11,500,000.

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