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Recent Articles

ArticleBlog PostMarket Insights
September 11, 2023

3 Events That Will Change the Multifamily Market

We are entering the fourth quarter of 2023 with investment sales velocity down 50% over the same period last year. Valuations are down and owners have been slow to divest their assets. Rates have soared in the past 18 months to unsustainable levels so much so that Signature Bank, one of the premier lenders, went belly-up. Low sales velocity is not sustainable and it’s reaching its tipping point. There are three events that are converging on the multifamily market, seemingly all at once, which will shape the market for years…
Blog PostMarket Insights
August 14, 2023

10 Ways To Be A Successful Multifamily Seller

In today’s market we have two types of sellers: proactive and reactive. Or as the results would indicate: successful and unsuccessful. Market dynamics change and as a result what is required of you as a seller will also change. Here are 10 pieces of advice for sellers to set yourself up for a successful transaction. 1. Know your numbers and set goals You would be shocked how many owners don’t know how much income they earn from their property. Whenever I meet with a client about selling, I ask them:…
Blog PostMarket Insights
July 13, 2023

Extend and Pretend: A Glimmer of Hope

In real estate, there exists a strategy known as extend and pretend. It refers to a practice where loans are extended and losses are deferred, all to maintain the façade of stability and prosperity. However, this once popular and seemingly effective approach is now standing on the precipice of collapse. The cracks in its foundation are becoming increasingly apparent, and the consequences of it loom ominously overhead. Nowhere is this truer than in the New York City multifamily marketplace. Four years ago, the business included 3 caps, cheap debt, generous…

Deals of The Week

New York Multifamily Partners Joe Koicim, Shaun Riney, and Seth Glasser discuss the deals they’re most excited about