Bohemia, NY Principal Sarah Saltzberg and her team at Bohemia Realty Group hosted an illuminating seminar on the new rent laws. Presented by Larry Haber, a partner at Abrams, Garfinkel, Margolis, Bergson, LLP, the event drew an audience of more than 50 agents.
Haber, who is known industry-wide as the attorney responsible for writing REBNY’s new market rate leases, distinctly framed both good and bad news scenarios about recent changes in the laws. By the time he finished his comprehensive report and the audience’s questions were answered, every agent had a reference booklet prepared by his office, along with a handle on how to help clients move through the ambiguities of the new legislation.
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,