John E. Zuccotti Public Service Award
This public service award was presented for the first time in 2017. It is awarded to a New Yorker who has displayed exceptional accomplishments and service in the public’s interest. It is named for the late John E. Zuccotti, Chairperson of REBNY from 2004 to 2006 and a longstanding member of its Executive Committee.
New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,