New York, NY Abraham Hidary, CEO of Hidrock Properties, addressed the B’nai B’rith Real Estate luncheon, September 13th at The Cornell Club. His topic was “Is There Room for More Hotel Rooms in New York City?”
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,