Amherst, NY Ned Perlman, of Largo Real Estate Advisors, Inc., has successfully secured acquisition financing for a value-add multi-family project located. The property consists of 15 duplexes, broken into fifteen two-bedroom units and fifteen three-bedroom units. Over the next few years, there will be a comprehensive remodeling initiative for each unit. The property is easily accessible from the I-290, I-90, NY-5, NY-33, and US-62, all located within 2.0 miles.

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,