Manhattan, NY Charles Bendit, co-chief executive officer at Taconic Investment Partners and Ariel Tirosh, senior vice president at Douglas Elliman Real Estate, addressed the B’nai B’rith Real Estate luncheon, held March 14 at The Cornell Club. Their topic was “Essex Crossing—Transformation of The Lower East Side.”
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,