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Posted: December 18, 2018
Year in Review 2018: Yuri Geylik, MGNY Consulting
Name & Title: Yuri Geylik, Chief Operating Officer
Company Name: MGNY Consulting
Address: 18 Bridge Street, Suite 2D. Brooklyn, NY
Website: www.mgnyconsulting.com
Social Media: https://www.linkedin.com/company/mgny-consulting-corp/
What market trend(s) will impact your industry in 2019?
Keen interest in opportunity zones investment coupled Affordable New York Housing program incentives will spur rental development in sub-markets throughout the city. We expect to represent 50+ new projects in 2019 in obtaining 35-year tax benefits and providing marketing agent services for the lease-up of affordable units. The affordable housing marketing for middle-income households can be very tricky. Many units marketed through HPD lottery remain vacant for months due to lukewarm participation on the part of middle-income families. As the rental market is expected to plateau in 2019, renting these “affordable” units might be challenging.
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