Antebi and Katz of GFI Realty sell Queens multifamily for $3.8 million; Three-story garden style apartment complex consists of 65 units

GFI Realty Services brokered the sale of 195-24 Jamaica Ave. in Jamaica. This three-story garden-style apartment complex consists of 65 residential apartment units. Shlomo Antebi of GFI Realty Services represented the seller of the 27,849 s/f property, while Yosef Katz, also of GFI Realty Services, represented the buyer. "GFI sold this rent stabilized building with tremendous upside, at 6.4 times the rent roll ($58,461 per unit)," said Antebi. "The new owner intends to reconstruct the 40 car indoor garage that is currently not being utilized. He will invest in significant capital improvements to upgrade the property over the next few years."

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The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking

Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver

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,

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.

A fresh start - by Shallini Mehra and Amit Doshi

For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced