New York, NY On Tuesday, December 11th, YMWREA hosted their final luncheon of the year. The winners of the Young Professional of the Year and the Senior Professional of the Year awards were also honored. Alex Bernstein of Bernstein Real Estate recieved Young Professional Award, and Stan Kleger of Natlane Equities was honored with the Senior Professional Award.Additionally, the new Board of Governors and the newly elected chairman for 2019 were named.
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,