Garden City, NY Scott Burman, partner, The Engel Burman Group and event honoree, Marie Zere, president & CEO of Zere Real Estate Services, Scott Rechler, CEO and chairman, RXR Realty and event co-chair recently attended a Long Islands Childrens Museum “Cocktails & Cupcakes” benefit.
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,