Shown (from left) are: Jeffrey Mitzner of First American Title, Joy Bailey-Bryant,New York, NY Joy Bailey-Bryant, managing director of the U.S. Office, Lord Cultural Resources, recently addressed B’nai B’rith Real Estate on “Investing in Soft Power: Creating The National September 11 Memorial, The Museum of American Jewish Heritage and New York Values” at The Cornell Club.
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,