New York City Multifamily Podcast

Joe Koicim and Shaun Riney are joined by Louis Adler and Robert Rahmanian from REAL New York, a full-service real estate brokerage firm. They break down the 2025 rental season, neighborhood by neighborhood—where rents are still climbing and where they’ve plateaued. Lou and Rob share insights into renewal rates, tenant behavior, and how legislation like the FARE Act and 2019 Rent Laws have reshaped the market. The conversation covers the shift from share apartments to higher-quality product, the “flight to quality” trend in new developments, and how free market rents…

Seth Glasser sits down with Humberto Lopes, Founder and CEO of H.L. Dynasty, for a candid conversation about what it really takes to own and manage multifamily real estate in New York today. With decades of ownership experience and over 100 properties, HL explains how policy changes, housing court delays, rising property taxes, and new compliance rules are impacting both landlords and tenants. He also discusses what drives him to advocate for property owners on social media, where he has gone viral and amassed a following of well over 50,000…

Seth Glasser sits down with Todd Pajonas, President of Legal 1031 Exchange Services, to unpack a landmark New York ruling that validated the “drop and swap” strategy in 1031 exchanges. Todd explains the case background, why it matters for partnerships and LLCs, and what investors need to know about timing, lender approvals, and planning ahead. He also shares where he’s seeing exchange capital flow across the country and why he’s optimistic about the market.   Listen on Spotify Listen on Apple Podcasts Get the latest updates on Instagram:  https://www.instagram.com/newyorkmultifamily https://www.newyorkmultifamily.com…

Joe Koicim, Shaun Riney, Seth Glasser, and Michael Salvatico break down the latest trends in New York City’s multifamily market. This quarter, the team highlights over 30 closed transactions and unpacks the forces shaping today’s deal activity. They discuss: The rise of new one-off buyers and an influx of foreign capital How patient investors are approaching rent-stabilized assets Shifts in cap rates attracting a new wave of operators Institutional strategies around tax-abated product How sellers are handling tenant negotiations, discounted payoffs, and portfolio repositioning The conversation closes with a look…

Shaun Riney and Seth Glasser sit down with Stephen Palmese to discuss his pivot from top NYC broker to founder of Integritas Capital. Stephen shares how he quickly scaled his credit-focused firm to nearly $1 billion in deals, targeting overlooked independent sponsors. This episode covers major transactions in New York and South Florida, the challenges of office-to-residential conversions, and differences in entitlement and pre-sale strategies across markets. Stephen also offers candid advice on managing risk during a career shift and where he sees the best real estate opportunities today. Listen…

Shaun Riney and Mike Salvatico sit down with developer and capital advisor Eric Brody, co-founder of Anax Real Estate Partners and host of Real Tech Talk. Eric shares how he's leveraging years of development experience to capitalize on distress in the market, stepping in to rescue and reposition stalled projects where others see only risk. The conversation spans his approach to recapitalizing half-built assets, the future of NYC office and residential development, construction cost dynamics, and where he's placing bets—from Brooklyn fix-and-flips to affordable luxury in Miami and townhouses in Charlotte.…

Joe Koicim and Seth Glasser sit down with Joseph E. Fingerman, the former Senior VP of Commercial Real Estate Lending at Signature Bank and now President of Commercial Real Estate at Peapack Private Bank & Trust. Joe shares insights from his front-row view of Signature's sudden collapse in 2023, detailing the chaos of being caught in a "drive-by" seizure. He opens up about the experience of starting from scratch at a private debt fund before returning to traditional banking at Peapack, where he’s helping to build out a high-touch, relationship-driven…

In this market update, Joe Koicim, Shaun Riney, Seth Glasser, and Mike Salvatico discuss national cap rates, the influx of capital into New York, and why investing in NYC remains attractive. Regulations, supply constraints, and the maturity wall in 2025 and 2026 are creating opportunities. The conversation also covers recent transactions, buyer strategies, and the unique challenges and opportunities in both core plus and stabilized asset classes. Listen on Spotify Listen on Apple Podcasts Get the latest updates on Instagram:  https://www.instagram.com/newyorkmultifamily https://www.newyorkmultifamily.com Reach out to us at: seth.glasser@marcusmillichap.com

Joe Koicim and Seth Glasser are joined by Charles Clinton and Marious Sjulsen from Equity Multiple, a real estate crowdfunding platform with a successful track record of 200 deals and $800 million raised in debt and equity. The conversation covers their partnerships with Mission Capital and Marcus & Millichap, regulatory challenges, and the advantages of their platform for real estate investors. They delve into the importance of data, automating processes, and maintaining transparency for investors. The episode also examines market trends, including opportunities in New York real estate and other…

Seth Glasser is joined by Lonnie Hendry from Trepp, an industry leading provider of data, research, and technology solutions to the structured finance, commercial real estate, and banking markets. Lonnie is also the host of the incredibly insightful TreppWire Podcast. In this episode, Seth and Lonnie discuss Trepp's history, their services, and the importance of data in today's market. They cover multifamily trends, delinquency statistics, and regional differences, particularly focusing on New York City. The conversation also touches on the impact of regulatory measures, the future of office space, and…