Shown (from left) are: Stuart Eisenberg, BDO; Harry Zlokower, Zlokower Company Public Relations; Gerald Morganstern, Goetz Fitzpatrick; Tom Stringer; Lydia Sklar, Sklar Realty Group; Jeff Mitzner, First American Title Insurance; and Robert Shapiro, Newmark Grubb Knight Frank.New York, NY Tom Stringer, managing director, BDO, addressed the B’nai B’rith Real Estate luncheon June 9 at The Cornell Club. His topic was “Development Incentives: The Future of Tax Credits, 421a, EB-5, and Other Old and New Benefits for Developers.”
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,