Manhattan, NY The Young Mens/Womens Real Estate Association (YM/WREA) held their monthly luncheon at The University Club, One West 54th St., College Hall (Main Floor) on February 12th.
The speaker was Robert Futterman, chairman, Retail Leasing Division, Newmark Knight Frank (RKF).
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,