Behind The Bricks
2022 Q4 New York Multifamily Market and Policy Update with Jay Martin and Christina Smyth
2022 Q4 New York Multifamily Market and Policy Update with Jay Martin and Christina Smyth
2022 Q1 Recap - Joe Koicim, Shaun Riney, Seth Glasser
Today we sit down with my partners on the New York Multifamily Team, Joe Koicim, Shaun Riney, and Seth Glasser to discuss how the market has changed so far this year and how it will continue to change.
Where are rents headed? Will rates continue to rise? How are buyers and seller reacting to these changes?
We dive deep into the dynamics of the current NYC multifamily market so let’s get into it… as we go Behind the Bricks with Joe, Shaun, and Seth...
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Instant Insight with Seth Glasser: Upper Manhattan and the Bronx
Instant Insight with Seth Glasser: Upper Manhattan and the Bronx
Today we sit down with a New York Multifamily Partner, our own Seth Glasser. Seth is one of the foremost experts on the multifamily landscape of Upper Manhattan and the Bronx. Few people, if any, know more about the nuances of the rent stabilized side of the market than Seth.
In this episode we break down some of Seth’s most recent transactions. We analyze the renewed focus buyers have on quality and location, break down the misnomers surrounding the rent laws of 2019, and the
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The Future of Cities and Real Estate with Greg Lindsay
Today we sit down with a man of many talents. Greg Lindsay is a journalist, urbanist, futurist, and speaker. He is a partner at the geo-strategic and climate advisory firm FutureMap, the senior fellow for applied research and foresight at NewCities, a senior fellow of MIT’s Future Urban Collectives Lab,
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Creating Order Out Of Chaos – Jesse Terry Evaluates the NYC Market
Today we sit down with Jesse Terry, Managing Director at HUBBNYC. HUBBNYC is a privately held New York City real estate operating company that owns approximately 80 multi-family, retail, and mixed-use properties in Manhattan.
Jesse uses his unique perspective on NYC real estate to answer the big questions on the minds of investors... Such as:
What metrics are HUBBNYC using to evaluate the future of the NYC market? Is the demand for high quality here to stay?
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Policy & Market Update with Jay Martin
Today we sit down again with Jay Martin, Executive Director of the Community Housing Improvement Program. CHIP is a trade association for owners of over 400,000 rent-stabilized rental properties across New York City’s five boroughs. This is Jay’s 3rd time on this podcast, and he is always full of useful intel.
In this episode, we discuss what CHIP has been up to over the past year, effective long-term solutions for housing affordability, the dangers of “Good Cause Eviction”,
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NYC Townhouse and Multifamily Market - Matt Lesser
Today we speak with Matthew Lesser, Senior Partner of Leslie J. Garfield. Matthew has represented over $1.5 billion townhouse deals and was recently recognized as “Top Agent” by The Real Deal Magazine.
The townhouse world in NYC has always been adjacent to the multifamily market and sometimes crosses over into investment territory. In this episode we discuss surprises the pandemic had on the NYC Residential market, and the inherent value of townhouses in the current environment.
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2021 Recap and 2022 Preview
Today we sit down with my partners on the New York Multifamily Team, Joe Koicim, Shaun Riney, and Seth Glasser to wrap up 2021 and discuss what may be in store for the NYC Multifamily market in 2022.
Why did the activity this year exceed our expectations? Will this trend of rising velocity continue? Who’s buying and who’s selling in today’s market? How will continued rental growth affect underwriting moving forward? What is the biggest risk out in the market right now?
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NYC Q4 Market Update with Joe Koicim, Shaun Riney, & Seth Glasser
Today we sit down with my partners on the New York Multifamily Team, Joe Koicim, Shaun Riney, and Seth Glasser to discuss what the NYC Multifamily market looks like now and what may be in store for the rest of 2021.
New York is well on its way to returning to normal. How is this crossing over to the investment market? We discuss how owners have adapted this year, and what opportunities are currently on the table.
With this panel
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NYC Market Update – Joe Koicim, Shaun Riney, Seth Glasser
Today we sit down with my partners on the New York Multifamily Team, Joe Koicim, Shaun Riney, and Seth Glasser to discuss the NYC Multifamily market now and what may be in store for the rest of 2021.
The energy rising in the streets of the city and many other indicators say that New York is returning to normal… What does that mean for the market? What direction are prices and rents trending? We discuss what we are seeing in transactions that is not being reported in the press.
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Policy & Market Update with Jay Martin
Today we sit down again with Jay Martin, Executive Director of the Community Housing Improvement Program. CHIP is a trade association for owners of over 400,000 rent-stabilized rental properties across New York City’s five boroughs. CHIP’s goal is to help members provide excellent and affordable housing, build a sense of community in their properties, and employ thousands of New Yorkers with their small businesses.
In this episode, we discuss how over the past year CHIP worked
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Ofer Yardeni – Maximizing Operations in 2021
This episode we feature an interview between myself and Ofer Yardeni from an event held by the Real Estate Lenders Association. Ofer is the Chairman and Chief Executive Officer of Stonehenge NYC. Stonehenge, owns a portfolio of properties in Manhattan valued at approximately $1.9 billion comprised of 19 income-producing properties with 2,800 apartments representing 2.9 million square feet of prime real estate. This is our second time having Ofer on the show and we welcome him back.
Ofer is an
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Michael Shah – Every Obstacle is an Opportunity
Today we sit down –again— with Michael Shah, founder and managing partner of Delshah Capital, a PE and asset management firm with close to $1 billion of assets under management. (In case you haven’t heard it, we recorded a previous episode with Michael where we really dived into other aspects of his business that I highly recommend you listen to).
Today, we discuss how Michael overcame the challenges of last year: depressed rent rolls, high vacancy, and the current lending environment. Interestingly,
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Richard Wilson – Raising Money and Family Offices
Today we sit down with Richard Wilson, CEO & Founder of the Family Office Club, the #1 association of over 2,000 ultra-wealthy families and/or their family offices.
As we emerge out of the pandemic, improving your ability to raise money is a key component to your success. Richard has carved out a specialty within this group. We dive into how to build trust with investors, the advantages of providing super specialized service, and the direction the real estate business is heading.
Richard also
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2021 Outlook for NYC Multifamily
Today we sit down with my partners of the New York Multifamily Team, Joe Koicim, Shaun Riney, and Seth Glasser to discuss the NYC Multifamily market in 2021.
We will hit a variety of topics and dive into questions such as, What factors will cause this year to play out in a positive way? What sectors of the market will see the most appreciation? Who are the new buyers entering the market? How will politics change the trajectory of NYC multifamily? And finally, what obstacles will appear down the
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Mortgage And Refinance Rates, April 19 | Rates rising today
Insights from 2020
First, I want thank all of you who listen, provide feedback, give me suggestions about the content. It’s truly a pleasure to share this information.
Today we’re going to listen to some of the most informative bits of the podcast from the crazy year that just ended. You’ll be hearing the best snippets from last years’ conversations and from our own New York Multifamily Team.
Thanks again, I wish you a prosperous 2021... and let’s take a look at 2020 on Behind the Bricks.
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Chris Voss - Negotiating 101: Life, Death, & Money (Repost)
We will be revisiting this episode from 2018. It’s as relevant now as ever. With the changes in the market, being a better negotiator will certainly come in handy today….
Chris Voss was the Lead International Kidnapping Negotiator in the FBI for 24 years. His book, Never Split the Difference: Negotiating As If Your Life Depended On It, outlines his field-tested tools for talking anyone into, or out of, just about anything. Currently, Chris is the founder and CEO of The Black Swan Group, a coaching
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Marshall Cox – Better Heat, Lower Cost
As we head into the colder weather there is not a better time to release this episode.
Today we sit down with Marshall Cox, founder and CEO of Radiator Labs, a start-up that is revolutionizing the way multifamily buildings are heated. Given the operational challenges NYC owners are facing today, technology that will improve building services while reducing expenses are highly sought after... and that is exactly why I chose this guest.
Radiator Labs’ mission is to eliminate overheating in steam
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Coronavirus Impact on NYC Multifamily Part 3
On this quick episode of Behind the Bricks myself, Joe Koicim, Shaun Riney, and Seth Glasser share our third update in our series of conversations on the impact of the Coronavirus on the New York City multifamily market.
You will hear about the types of buyers coming into the market, the areas with the highest deal velocity, and the challenges and opportunities emerging closing deals. Since March 15th our team has closed 21 deals, signed 26 contracts, and have another dozen contracts out.
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Instant Insight: NNN Properties & Covid-19 with Glen Kunofsky
Almost every NYC multifamily owner who has spoken to me about selling an asset has asked, “Where would I put the money if I sold?” Coming from this managment intensive product some choose to invest in net leased properties.
Today we sit down with Glen Kunofsky, Founder of the NNN Pro Group at Marcus & Millichap. Glen and his team have closed thousands of net leased properties worth billions of dollars over the course of his career.
Coronavirus has had a massive impact on the Triple-Net
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Instant Insight: Rent Stabilized Market in NYC with James Eisenberg
Today we speak with James Eisenberg, Executive Vice President at Urban American. Urban American is one of the largest and most well-known owners and managers of multifamily real estate properties in NYC. Many of their assets are in neighborhoods with mostly rent stabilized units.
In this episode, James explains how they have been adapting in the time of Covid-19. Given the virus and the changes to the laws, the art of maximizing upside and knowing when to make moves has shifted from previous times.
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Instant Insight: The NYC Rental Market with Jordan Sachs
Today we are doing an instant insight conversation with Jordan Sachs, co-founder BOLD New York. BOLD NY is a top flight full-service residential firm handling residential sales and rentals. The focus of this episode is one of the biggest questions Multifamily players are asking in the wake of the crisis: What is the current state of the NYC rental market, what will it look like moving forward, and how should owners be adapting?
Jordan’s unique perspective helps him shed
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Coronavirus Impact on NYC Multifamily Part 2
Have a question you'd like answered on an upcoming episode? Call and let us know what it is: 646-450-1833.
In this episode we take the impacts of COVID-19 a step further. With NYC being the epicenter of the pandemic our multifamily team has been directly dealing with the rapidly changing NYC multifamily market: All property operators, sellers and buyers are affected and have questions about how to navigate. In this episode Joe Koicim, Seth Glasser, and Shaun
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Announcing the Multifamily Memo
This is a quick announcement episode where I wanted to introduce a project that has been under underway for many months. For several years, many New York City investors have asked me for information about other markets around the US. As the regulatory environment in New York has become more difficult....the pace of these questions only increased.
Today, is an interesting time.....the whole world is adjusting to the realities of the coronavirus. In uncertain
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Coronavirus Impact on NYC Multifamily
Have a question you'd like answered on an upcoming episode?
Call and let us know what it is: 646-450-1833.
As all of us in the NYC Multifamily industry make adjustments in our personal and professional lives, we wanted to share how the coronavirus is impacting NYC multifamily. This week I sat down, over video chat, with my partners: Joe Koicim, Seth Glasser, and Shaun Riney and we discussed:
- What’s the #1 question all NYC owners are asking right now?
- Why
Jeremy Salzberg: How to Acquire 100 Buildings in 10 Years
Have a question you'd like answered on an upcoming episode? Call and let us know what it is: 646-450-1833.
Today we sit down with Jeremy Salzberg of Sugar Hill Capital Partners. Over the last 10 years, Sugar Hill has purchased over 100 New York City buildings. They specialize in integrating design, sustainability and the arts into pre-war apartment buildings.
Many in the New York City multifamily world are confused about where they should be going with their business plans at this
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NYC 2020 Residential Outlook: Jordan Sachs & Chelsea Werner
In this first episode of 2020, we sit down with Jordan Sachs and Chelsea Werner of BOLD New York. Bold is a full-service residential firm handling residential sales and rentals. Jordan and Chelsea break down the outlook for the upcoming year for rentals, condominium, and co-op sales. After several years of rental declines, early indications from late 2019 show that rents across the city are rising. With concessions burning off, rents increasing, and supply decreasing, this looks to be very good news for owners
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Joseph Tahl: The New Reality of Condo Conversions
Today we sit down with Joseph Tahl, President and Co-Founder of Tahl Propp Equities. Tahl Propp Equities is a privately held real estate investment, development and management company that specializes in affordable housing and retail in Harlem and Upper Manhattan. Since its founding in 1997, the firm has amassed a portfolio of more than 4 million square feet in those neighborhoods.
The multifamily industry in NYC is still adapting to the new rent laws which were passed in mid 2019, and in the beginning
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NYC Owners Respond: Part 2 Kevin King
Welcome to "part 2" of this two-part series about the owner’s response to the rent regulation laws that were passed in June 2019 in New York. This law radically transformed how owners of multifamily properties with rent stabilized tenants conduct their business and in response, several owner groups have filed lawsuits. If you haven’t listened to the first episode, I strongly suggest that you start there in order to get the most out of second part.
Today, we are speaking with Kevin King, a Partner
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