July 16, 2021

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 […]

Read The Original Source
July 12, 2021

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

Read The Original Source
May 13, 2021

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

Read The Original Source
May 03, 2021

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

Read The Original Source
June 30, 2021

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.

Read The Original Source
April 14, 2021

Recent Commercial Real Estate Transactions

Erik Rodriguez represented both parties for this transaction

Sold Price $1,180,000

Read The Original Source
February 04, 2021

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

Read The Original Source
January 28, 2021

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.

Read The Original Source
January 27, 2021

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%

Read The Original Source
January 27, 2021

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

Read The Original Source
January 26, 2021

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

Read The Original Source
January 24, 2021

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

Read The Original Source
January 23, 2021

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 […]

Read The Original Source
November 13, 2020

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

Read The Original Source
November 03, 2020

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

Read The Original Source
October 23, 2020

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 — […]

Read The Original Source
October 21, 2020

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.

Read The Original Source
October 16, 2020

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.

Read The Original Source
Load More
Email Call Map Subscribe