
Hamburg, NY Jack Phillips of The Largo Group of Companies arranged refinancing for a 94,100 s/f retail plaza.
For decades, the property has served as a shopping destination with a mix of national, regional, and local tenants. The neighborhood retail plaza combines quality retailers, convenience, access, good visibility, and on-site parking.
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,