This Week 11/10
Happy Veteran’s Day!
Below are some events I am attending this week, some things I am thinking about, and some research I am reading about NY multifamily. Thought I would share with you:
Events I am attending this week
Ariel Property Advisors’ “State of the Brooklyn Real Estate Market: What’s Ahead?”
Real Estate Board of New York (REBNY)’s Fireside Chat with developer Maryanne Gilmartin
Kucker Marino’s “Post Election Briefing: What NYC’s Results Mean For Property Owners, Operators & Developers”
New York Apartment Association (NYAA)’s Annual Cocktail Party
NYU Furman Center’s “NYC’s Rent-Stabilized Housing: Understanding Different Segments of the Stock and Why It Matters” (this is next week)
Please e-mail me for links to any of the above
Things I am thinking about
Will the Supreme Court repeal the Trump tariff policy? And might that be another catalyst for Fed interest rate reductions?
Whether Mayor Eric Adams will replace some of the sitting Rent Guideline Board members whose terms have expired to stave off a potential rent-freeze under the new mayor?
Will the success of boutique condo sales keep humming along, or will it be impacted by the economic slowdown?
What I’m reading/watching right now:
Maverick Real Estate’s report – Q4 NYC CRE Debt Markets
The report segments 2025 lending activity by neighborhood, loan size, lending institution, deal typology and other metrics. The report effectively distills what is going on in the lending market for NYC CRE.
Bloomberg News’s – “Over 5,000 NYC Rent-Stabilized Apartments Headed for Auction”
The article highlights the upcoming foreclosure proceeding for the portfolio of apartment buildings owned by Joel Wiener’s Pinnacle Group. The future transactions that are born from the distressed portfolio will become a relevant bellwether for market metrics for outer borough NYC multifamily.
The Broker Brunch – “Francis Greenburger - The $4 Billion Real Estate Empire That Survived Every Market Crash”
Greenburger uses a historical lens to discuss the difficulties of the NY market today from. He also touches on the strategy of buying 421-a buildings.
Reach out to us here discuss what the results of the NYC mayoral and city council elections may mean for your business and for the multifamily market as a whole. You may also call us at 646.817.4784.
I am bullish on NYC Multifamily
Best Regards
Romain Sinclair
646 326 2220