Syracuse, NY Matt Funiciello of JF Real Estate, a full-service commercial real estate company, completed a lease for Samantha Dougherty of NextHome Realty. Dougherty leased office space within 99 Yorkshire Blvd. (aka 4902 West Genesee St.), as an expansion of her residential real estate division.
Additional details on this transaction were not disclosed.
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,