Impacts of COVID-19 on NYC Multifamily Market

Coronavirus Impact on NYC Multifamily Part 2

BehindTheBricks BehindTheBricks | 3 years ago

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 Riney and I discuss: • ?...

Coronavirus Impact on NYC Multifamily Part 3

BehindTheBricks BehindTheBricks | 3 years ago

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. T...

BehindTheBricks BehindTheBricks | 4 years ago

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 will beginning of April be impor...

Coronavirus Impact on Multifamily- Stimulus Program PPP vs. EIDL

oldcapitalpodcast oldcapitalpodcast | 4 years ago

These are crazy times, huh? The economy went from going 100 miles an hour… to ZERO. Now, our government is trying to get small business owners back to work. The SBA offers the Paycheck Protection Program (“PPP”) and the Economic Injury Disaster Loan Program (“EIDL”). What should you know? What are some of the benefits and challenges for both programs? James “The Professor” Eng shares with us the initial overview of both programs. To watch this video: https://www.youtube.com/watch?...

Impact of Coronavirus on Multifamily: What Apartment Operators Must Know Now!

oldcapitalpodcast oldcapitalpodcast | 4 years ago

As the situation around COVID-19 continues to evolve, we recognize that these are unprecedented times that most apartment operators have never been through. They don’t know, what they don’t know. James “The Professor” Eng explains what committed operators must do to keep their property cash flowing. This is up to the minute advice that all operators must heed. To contact James Eng: JEng@oldcapitallending.com

Multifamily Insights: Ep. 174: How will Coronavirus Impact Multifamily?

casmoncapital casmoncapital | 4 years ago

How will Coronavirus Impact Multifamily? With the Coronavirus making such an impact on the lives of many Americans, the economy is taking a plunge. Many investors are trying to determine the best path forward and what to do with their money. Should they pull it out of the stock market? Should they buy more? And what about the reaction to the coronavirus? Are we overreacting with the social distancing? Maybe. However, it’s better to look back in 6 months and wonder if we overreacted than loo...

Coronavirus Impact on Multifamily - $2T Stimulus Update and Trammell Crow Lessons Learned from 1989

oldcapitalpodcast oldcapitalpodcast | 4 years ago

Don’t you wish you knew 6 months ago…what you know today? What would you have done different? Would you do recourse commercial loans? Would you do higher leverage transactions? Would you raise more liquidity? James “The Professor” Eng goes into detail on what lessons commercial real estate investors learned on the last major melt down in 1989. This is a very interesting podcast that you will learn a few key lessons. To watch this video: https://www.youtube.com/watch?v=FMN3jJZo6GU To con...

BehindTheBricks BehindTheBricks | 4 years ago

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...

News & media website News & media website | 1 year ago

There continue to be headlines regarding some sort of "mobilization" of troops with the most recent seeing Putin claim that the West is threatening Russia's "territorial integrity." Is there an "OK Vlad" equivalent to "OK boomer?" No one cares at this point--least of all financial markets until words translate to quantifiable material impacts. And sadly, for the market's purposes, it's less about the needless loss of life and more about the impact on commodities prices and supply chains. ...

Jake and Gino Multifamily Investing Entrepreneurs: The 5 Apology Languages Part 2 w/Dr Jennifer Thom...

Jake and Gino Jake and Gino | 1 year ago

Dr. Jennifer M. Thomas is a TEDx speaker and the co-author, along with Dr. Gary Chapman (who wrote The Five Love Languages) of The 5 Apology Languages and Making Things Right at Work. She consults with companies on leadership and trust issues. Jennifer is an expert speaker on The 5 Love Languages and the 5 Apology Languages. She offers remote individual coaching packages for both personal and professional concerns. Learn more about Jennifer's initiatives: https://www.drjenniferthomas.com/ Attend...

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Coronavirus Impact on NYC Multifamily Part 2

Coronavirus Impact on NYC Multifamily Part 2