Robert Morgenstern, founder of Morgenstern Capital, explains why the next growth story in the Big Apple’s multifamily landscape is about the right submarkets and new verticals. Investors are recalibrating their investment strategies after the approval of New York City’s new rent control laws. Some are heading south for new opportunities and others are digging deeper…
The Parkoff Organization has nearly 4000 units in New York City, 75% of which are rent-stabilized New York Multifamily Summit A Halloween panel of multifamily industry players had sobering market predictions — and a call to action — for an audience of landlords, investors and brokers. “We are seven votes shy of universal rent control….