Bronx, NY Simone Development’s Joseph Kelleher, president and COO of Hutch Management, LLC, in his role as president of the Bronx Council of the Boy Scouts of America, presided over recent ceremonies honoring five Boy Scouts from for achieving the rank of “Eagle Scout,” Scouting’s highest and most prestigious rank achieved by only 4% of the over 2 million Boy Scouts nationwide.
In his additional role as chairman of the Bronx Chamber of Commerce, he also welcomed the Maine-Endwell Little League team to the Bronx to celebrate their New York State Championship at the Hutch Metro Center. The team went on to win the Mid-Atlantic crown and eventually won the 2016 Little League World Series!
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,