Manhattan, NY Anthony Ponte of Stonegate Real Estate represented the landlord in a 1,800 s/f retail condominium lease at 440 Washington St., TriBeCa. The tenant, Mathieu Lustrerie, was represented by Brett Weinstock of The F+B Group.
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,