Bohemia, NY Affordable housing was the topic of Bohemia Realty Group’s August Workshop, featuring guest expert Glory Ann Hussey Kerstein of the HDFC Coalition. Moderated by Bohemia’s John Ruocco and Beth Gittleman, head of sales, it was the eighth free workshop held at La Maison d’Art on West 132nd St. The event, sponsored by Bohemia Realty, drew a standing room crowd interested in learning about affordable housing opportunities and housing lotteries.
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,