New York, NY Fran Leadon, author of Broadway: A History of New York City in Thirteen Miles, (right) with the founder and director of The Skyscraper Museum Carol Willis (left) pose with the model of the 1875 Tribune Building, New York’s first “skyscraper” after Leadon’s lecture at the museum. (Photo credit: Steve Friedman)
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,