New York, NY At its recent Members Only Luncheon, in addition to celebrating the organization’s successful mid-year mark, CREW New York honored the recipients of its Impact Awards. Bestowed annually, these awards recognize achievements of CREW New York members who are considered to be exceptional in their categories.
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,