Bronx, NY A tour of the future site of Fordham Landing, Dynamic Star’s planned $3.5-billion development along the Harlem River in the University Heights neighborhood is led by Gary LaBarbera, president, Building and Construction Trades Council of Greater New York.
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,