Brooklyn, NY According to Greiner-Maltz, William Segal of Alpha Equity Group has purchased 4401 2nd Ave. and 222 44th St. in the Sunset Park section of the borough from Mesorah Publications. The buildings will be developed primarily for industrial use, with a component of commercial office.
Jacob Beer and Guy Solomonov of Greiner-Maltz represented the seller and the buyer.
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,