New York, NY Target celebrated the opening of three new small-format stores in Manhattan and Staten Island. The official grand opening was Sunday, October 25th. Target will employ over 350 team members across the three stores:
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,