Quiet Note Deal of the Week: Washington DC Apartment Building Note Portfolio For Sale

May 10, 2010 by Neil · Leave a Comment 

Washington D.C. apartment building note portfolio for sale – 200+ units. This is a new off-market portfolio of apartment complex notes in Washington D.C. – different from past Washington D.C. apartment building note portfolios that we have marketed and sold. The portfolio is for … Read More

Why Is This New York City Apartment Building Broker Different From All Others?

April 25, 2010 by Neil · Leave a Comment 

“You’re the only broker who’s showing me these deals.“ Every day last week a different client expressed this same sentiment. It was reassuring to know that investors in New York City apartment buildings (and a growing number do not … Read More

Quiet Note Deal of the Week: Washington DC Apartment Building Note Portfolio For Sale

April 22, 2010 by Neil · Leave a Comment 

Washington D.C. apartment building note portfolio for sale – 200+ units. This is a new off-market portfolio of apartment complex notes in Washington D.C. – different from past Washington D.C. apartment building note portfolios that we have marketed and sold. The portfolio is for … Read More

Quiet Deal of the Week: Washington DC Apartment Building Note Portfolio For Sale

March 2, 2010 by Neil · Leave a Comment 

Washington D.C. apartment building note portfolio for sale – 200+ units. This is a new off-market portfolio of apartment complex notes in Washington D.C. – different from past Washington D.C. apartment building note portfolios that we have marketed and sold. The portfolio is for … Read More

Is Anyone Really Calling the Bottom in New York City Multifamily?

February 1, 2010 by Neil · Leave a Comment 

Multifamily values have not bottomed out because: (1) vacancies will continue climbing; (2) rents will continue declining; (3) interest rates have not yet crept up; (4) many loans have not depleted their interest reserves (Hat tip: Reuters). Add to this mix … Read More

NY to Atlantic Yards Developer: Finish By…2035?!

February 1, 2010 by Neil · 1 Comment 

What will happen by 2035? Muslims will outnumber Christians in Britain. China will surpass the U.S. economically. Jerusalem will lose its Jewish majority, if those predictions are accurate. In addition, 2035 is also the Read More

Which New York City Multifamily Developer Heads To Prison For 4 Years? (Hint: It’s Still Not Sam Chang)

January 28, 2010 by Neil · Leave a Comment 

Manhattan developer Michael Hershkowitz was sentenced to four years in prison and ordered to forfeit $27.2 million for his role in a Ponzi scheme involving fraudulent loans secured by nonexistent mortgages. Prosecutors had alleged Hershkowitz and others induced about 70 individuals to … Read More

Apartment Vacancy Rates & Apartment Rent Rates: New York City & Long Island

January 28, 2010 by Neil · Leave a Comment 

As vacancy rates increase, rents should drop. Right? Not exactly, according to the latest data from REIS. If the relationship was inverse, as expected from the data, then the lines would more definitively approach a V- or an X-shape. In 4Q 2009, … Read More

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