Shown (from left) are: Gerald Morganstern, Goetz Fitzpatrick; Harry Zlokower, Zlokower Company Public Relations; Stuart Eisenberg, BDO; Robert Shapiro, Newmark Knight Grubb Frank; Jonathan Mazur; Lydia Sklar, Sklar Realty Group; Phyllis Weisberg, Montgomery McCracken Walker & Rhoads and Jeff Mitzner, First American Title Insurance Company.
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,