Shown above (from left) are: Stuart Eisenberg of BDO USA; Robert Shapiro of Newmark, Knight, Frank; Gerald Morganstern of Goetz Fitzpatrick; Robert Klein of BDO USA; Amy Rosenthal of BDO USA; Lydia Sklar of Sklar Realty Group; Phyllis Weisberg of Montgomery McCracken; Jeff Mitzner of First American Title Insurance Company; and Harry Zlokower of Zlokower Company Public Relations.
New York, NY Robert Klein, managing partner, tax services, BDO USA and Amy Rosenthal, tax managing director, BDO USA, addressed the B’nai B’rith Real Estate luncheon, February 6th at The Cornell Club. Their topic was “Impact of the New Tax Law on Real Estate.”
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,