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Investing, Owning & Managing Multifamily in NYC

March 13th, 2019 // Canvas News Property Management

Rent Regulation Panel

Its always great to sit with the best in the business!  Cushman & Wakefield hosted a great panel to discuss the current state of the market and the changes coming in June.

The future of rent stabilization law hangs in the balance.  The expectation on the panel was a complete loss of MCIs, Preferential Rents, and a drastic reduction in IAI and vacancy increases.  The end of vacancy decontrol was in debate, but my expectation is that units that are rent stabilized will remain in the program indefinitely.

How these laws will affect lenders and the investment sales market will be determined over the coming months.

Operating in this ‘new normal’ will take an in-depth understanding of the market and how every city agency is changing.  if you’re interesting in our opinion on how best to property and asset manage as the laws change, please email sales@canvaspg.com

Thanks to Eric Roth & Ian Brooks at C&W for hosting.