Louis Smadbeck Memorial Broker Recognition Award
This member award was established in 1991 by REBNY’s Commercial Brokerage Divisions; it honors a REBNY broker with personal and professional integrity, long-term leadership and prominence in the brokerage community and participation in REBNY’s committees. Named for an exemplary broker who died shortly after being selected to receive it.
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,