Manhattan, NY Seth Pinsky, executive vice president at RXR Realty, addressed the B’nai B’rith Real Estate at its monthly luncheon, held May 9th, at The Cornell Club. His topic was “Creating an Affordable New York.”
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,