West Babylon, NY Michael Pisciotta and Jeremy Hackett of Metro Realty Services leased 2,000 s/f at 110 Bell St. to Rizzo Restoration LLC.
Pisciotta and Hackett represented the landlord and the tenant.
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,