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Buffalo, NY Ned Perlman, vice president of upstate originations at Largo Real Estate Advisors, Inc. secured a permanent first mortgage to refinance a +/-546,063 rs/f industrial property. This centralized property lies within a 15-minute driving radius of CSX railyards, Buffalo Airport, downtown Buffalo, & Southern Ontario via the Peace Bridge.
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,