2012: The Year All Hell Breaks Loose For New York City Apartment Building Investors?

April 20, 2010 by Neil · Leave a Comment 

In January, 2010, Multifamily Investor blogged about how 2012 would be the year that New York City multifamily trading volume would explode. About $650 billion in banks’ boom-time CRE loans are coming due over the next four years, with more … Read More

How Many NYC Rent-Stabilized Apartments Face Severe Financial Distress?

February 22, 2010 by Neil · 1 Comment 

New York City has about 1 million rent-stabilized apartment units. The owners of more than 10% of those are undergoing severe financial distress, according to NYC’s Department of Housing Preservation and Development (HPD). Among those 100,000+ units, over 25,000 of those units … Read More

Which New York Bank May Be Hardest Hit By Commercial Real Estate Defaults in 2012?

February 21, 2010 by Neil · 2 Comments 

Over the next four years, $1.4 trillion in commercial real estate loans are coming due. At first glance, it would appear that those lenders who have the most loan money out would be at the greatest risk of suffering financial ruin. In … Read More

How Many U.S. Housing Units Received Foreclosure Notices in 2009?

January 16, 2010 by Neil · 1 Comment 

A foreclosure filing includes default notices, scheduled foreclosure auctions and bank repossessions. In all, 2.2% of all U.S. housing units, or one in every 45 properties, received at least one foreclosure filing in 2009. That number increased from 1.84% in … Read More

Will Uncle Sam’s Guarantee Revitalize New York City’s Apartment Building Market?

January 16, 2010 by Neil · Leave a Comment 

Freddie Mac, the mortgage-finance company with U.S. government support, plans to sell about $1.1 billion of securities backed by loans on multifamily properties. Why might conservative investors purchase these securities on the secondary market? According to Freddie Mac, investors will … Read More