


Queens, NY According to Jacob Namdar, principal of NH Property Group, they have completed their first acquisition. The subject is located at 123-11 152nd St. in the Jamaica neighborhood. Namdar closed the all-cash deal in under 30 days. The two-unit multifamily was sold by The Estate of Alphonso Robertson - Anita Robertson for $500,000.
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,