Melville, NY ireon welcomed Cushman & Wakefield’s Robert Kuppersmith, executive director to its membership roster as the exclusive commercial real estate brokerage, commercial property management (over 25,000 s/f) New York metro/nationwide and global markets representative. The recommending member was Steve Kirschner, founder/CEO—ireon and COO/broker representative—Principals Direct Group.
Kuppersmith works out of Cushman & Wakefield’s Long Island office.
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,