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Market Insights

Jeff Bezos Has An Answer for the Future of RE Tech

All participants in commercial real estate are hunting for a competitive advantage. Whether you are an investor, broker, or other player, you have probably explored technology to improve your success. And technology is a great tool. But, there is much more to the story. When talking about the future, you may be surprised to know that Jeff Bezos advised us to “focus on what doesn’t change.”
NYM Group
June 28, 2019
Market Insights

NYM Monthly Metrics – June 2019

June was a monumental month for the entire NYC multifamily industry as owners, operators and professionals digest the impact of the new rental laws. The NYM team is conducting market research in order to give our valued clients a better understanding of what this means for the market and all NYC multifamily owners. I will be in touch with our unique insight as it becomes available. Despite the shake up, we had an active month. In June we had $212,394,573 in activity at NYM! This month, we closed 11 deals…
NYM Group
June 27, 2019
Market Insights

NYM Monthly Metrics – May 2019

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.
NYM Group
May 31, 2019
Market Insights

Experience and Presence in Submarkets Help Close $112M Brooklyn/Queens Portfolio

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.
NYM Group
March 5, 2019
Market Insights

How Multifamily Owners Can Take Advantage of Opportunity Zones

When the 2017 Tax Cuts and Jobs Act passed, accountants, investors, entrepreneurs and others scrambled to understand the implications- for multifamily owners there is one clear benefit, the creation of Qualified Opportunity Zones. This month, I have asked Michael Hurwitz and Abe Schlisselfeld of The Real Estate Group at Marks Paneth LLP to provide some insight about these Qualified Opportunity Zones (“QOZ”).
NYM Group
January 28, 2019