New York, NY On February 27th, Cornerstone Land Abstract drew real estate executives from around the city for their inaugural Cornerstone for A Cause event. This event helped raise awareness for two non-profits in the city, the Kids For Kids Foundation, a community of friends, families, and colleagues raising money for organizations that support children and families struggling with medical challenges; and Youth Inc., a non-profit working to transform the lives of NYC children through their unique venture philanthropy model that empowers the nonprofits that serve them. The event was held at TAO Downtown.
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,