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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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$29,000,000 Greenpoint Sale Sets Price-Per-Unit Record

When rent law reform was passed in the summer of 2019, rent-stabilized investments immediately became more complicated to multifamily owners.

The demand for free-market units increased, and the sale of 105-115 Greenpoint Avenue is the perfect example of that shift in today’s real estate climate

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NYM Monthly Metrics – December 2019

NYM had an active month in December with a total of $312,882,500 in activity! This month we listed 16 properties totaling $189,885,000.

Last month we closed on 422 East 81st Street for $6,250,000. The building contains 20 units and was 80% Fair Market. At the sale price, this equates to a 4.0% Cap Rate and $568/SF.

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