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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It’s been a busy year for New York City real estate owners.
Throughout the year all participants were full of uncertainty about the NYC real estate landscape.
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.
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.