Manhattan, NY It was a successful night of commercial real estate networking at the West 79th St. Boat Basin summer cocktail party overlooking the Hudson River. Hosted by Highcap Group, Choice NY Management & Levy Tolman LLP over 200 real estate professionals attended from various backgrounds including landlords, property managers, attorneys, title companies, architects and developers. The event was held in appreciation for clients and colleagues but also served as a great platform for networking amongst the guests.

It was a lively crowd and in attendance were Jeff Fox (Foxy Development), Dean Marchi (Grand Street Development), Eric Margules, Teddy Margules & Perry Lee (Margules Properties), AVG Property Group, Antonio Pio Saracino, Johnson Development and Ronnie Oved (Oved Group) to name a few.
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,