Rent-stabilized landlord sells at 44% haircut
Recent sale shows just how big a haircut some are willing to take
Deal shows blow 2019 rent law dealt to valuations
Commercial prices down 13% this year
7.3% drop in October alone
Rising interest rates tank property sales
NYC investment sales plummeted in Q3
Rising interest rates triggered 30 percent decline from previous quarter
Deals for multifamily properties totaled $3.63 billion, down 30 percent from the previous quarter
Multifamily sales in “virtual standstill”
The Federal Reserve could bump rates another 1.75 percentage points by next year, further raising the cost of borrowing
Borrowing costs, falling rent growth kill deals as sellers refuse to drop prices
Commercial buildings retained almost all of pre-pandemic value, NYC budget says
Commercial real estate sector experienced the same boost of positivity in estimated values
Overall, all properties in the city were valued at $1.4 trillion, 2.1 percent above pre-pandemic levels
Multifamily assets power another strong week for investment sales
Multifamily properties remained a hot commodity
Development parcels also traded hands, while industrial sales took the week off
NYC investment sales hit multi-year peak to end 2021
About a third of all multifamily transactions have been affordable housing
Multifamily assets boosted the market to levels not seen since 2018
CRE sales hit record $809B in 2021
Multifamily sales easily led the way with $335.3 billion of sales, a 128% jump
Multifamily and industrial sales led sectors with $335.3B and $166B, respectively
Multifamily market in New York City has been so robust in the past year and why it continues to be a popular market for both investors and lenders to participate in
Stable cash flow of affordable properties is very attractive
42% increase in multifamily transaction volume
You Don’t Need A Big National Firm To Sell Your Commercial Property
Evolution Of Internet Search Engines
A Big Company Doesn’t Equal More Brokers
Rodriguez Commercial Realty (RCR) is pleased to announce the sale of 315 Fenimore Street
The subject property consists of 24 units
The building is built 60 ft x 79 ft and sits on a 60 ft x 100 ft lot zoned […]
How Brooklyn Real Estate Is Faring After 18 Months of COVID
Brooklyn has been more stable than that ritzier borough on the other side of the East River
Multifamily and industrial are doing particularly well; office and retail are showing resiliency too
14 Important Factors Impacting Commercial Real Estate In 2021 And Beyond
CRE investors may see a continued impact on their revenue stream.
Covid-19 pandemic has rattled the commercial real estate (CRE) sector
How the Biden Administration’s Proposed Tax Plan Could Affect Real Estate
Long-term capital gains and qualified dividends for taxpayers with income over $1 million from 20% to 39.6%, beginning retroactively from April 2021
Key items you should be aware of if your business is in the real estate industry
Multifamily Investment Booms Despite Eviction Moratoriums
You keep thinking it can’t get more expensive, that cap rates can’t go lower and prices can’t go higher
Collections, vacancy and rent are at, or above, pre-pandemic levels and investors are all in
Rent law, Covid leave family landlord with one choice: sell
Income not keeping up with expenses
Multifamily building sales from 2017 through the second quarter of 2021 show new listings for properties in Brooklyn jumped as […]
What to know about taxes when selling investment properties
Many individuals often overlook is tax liabilities
If you’re new to real estate investing, it’s likely you’re reading every book and article on the topic
Rental-to-condo conversions drop 80% after 2019 rent law: report
51% of tenants in a rental building must agree to buy their unit for a conversion to take place
Post-2019 change, 51% of tenants must buy into conversion plans
NY investment sales hit lowest point since pandemic began
Down 75% compared from the same period last year, and down 67% from the fourth quarter of 2020
In Q1, sales totaled $1.84B
43.4% Capital Gains Tax?
Biden officials leaked that they will soon propose raising the federal tax on capital gains to 43.4% from a top rate of 23.8% today.
Make that more than 55% if you live in New York or California.
Recent Commercial Real Estate Transactions
Erik Rodriguez represented both parties for this transaction
Sold Price $1,180,000
Global real estate investment bounced back in Q4
Deals worldwide totaled $290 billion in the fourth quarter of 2020
US deal volume nearly doubled quarter-over-quarter; multifamily and industrial held strong
What New Policies Are Increasing Costs for Struggling NYC Landlords During COVID?
The real estate community's alarm over a recent proposal to install sprinklers in every apartment highlighted landlords
Rising liability insurance costs, and delays in city approvals that are making it increasingly challenging to break even financially.
Multifamily landlords feel pain as tenants miss rent payments
Though some banks have backed away from lending to multifamily, some investors are finding a niche by giving struggling apartment owners high-interest financing.
The share of the riskiest apartment debt held by banks rose to 17%
Commercial building sales slumped in 2020, but deals are on the horizon
Development sites, multi-family and industrial properties are also seeing traction, thanks to a pandemic-induced surge in internet sales
Cash-rich investors looking to use the slump to beef up their portfolios there’s plenty of pickings
NYC investment sales showed signs of recovery at end of 2020
Total dollar volume in the fourth quarter was $4.7 billion, up 18 percent from the third quarter total.
Overall dollar volume in Q4 was $4.7B
Oh Crystal Ball: Outlook on investment sales in 2021
With investment sales down 66% - 2020 has been a difficult year. All - are looking forward to a better 2021!
Guests discuss a trend in investment sales to seek transactions outside of New York
Investment sales fell by half in December to finish year down 48%
Tax revenue from real estate is responsible for 53% of the city’s operating budget.
Sales volume in December was off 51% from a year ago, to $2 billion, even as transactions fell by a […]
Tax revenue from NYC property sales plunges $1.4B
Despite an uptick in investment and residential sales over the last month, the drop-off in tax revenue from such deals this year has reached $1.4 billion.
REBNY report shows missing money has hit 10 figures
What is the Certificate of Occupancy, and why is it such a big deal?
A building can not be legally occupied. So if you are in a building that doesn’t have this document, except in some rare instances, you run the risk of the city issuing a vacate order
It states how a building can be used—and covers both the type of use the building is zoned for
NY falls behind Dallas, LA in CRE investment as deals surge nationwide
Most years, investment increases about 9% from the 2nd quarter to the third.
After the pandemic dramatically slowed commercial real estate deals across the U.S., the summer saw an uncharacteristically high uptick — […]
8 tips for first-time landlords in New York City
if you are new to being a landlord, your checklist should include getting up to speed on the impact of the 2019 changes to the rent laws...
If you are new to being a landlord it’s worth going to extra lengths to find a financially qualified tenant.
NY Lost $755 Million in Tax Revenue from Real Estate Deals
Sales of commercial are down 45%+ this year through September, according to a report Thursday by the Real Estate Board of New York.
Sales in NYC are plummeting, and so is the tax revenue that’s generated with every transaction.