Multifamily investments in NYC/Manhattan

[Cristiano Bell]

Hi everyone,

I was wondering whether you think it is a good time to invest in multi-families in Manhattan (ranging from 3 to 20 units) or neighbouring areas. I am looking at Harlem, Astoria, Brooklyn. Upper West Side also has some opportunities but a little out of price range for us.

Also, any thoughts on rent stabilised?

Thanks,

Cristiano

[Joshua Heller]

Hi Cristiano,

I have a bit of a different take than Taylor. I'm native to Brooklyn and I actually think now is a really good time to look for deals. I'm currently doing this with a few clients. Cap rates have increased to the point where the numbers can actually work in parts of Brooklyn and Queens, I'm not as certain about Manhattan. 

I just sent you a note to connect, happy to share my insights and help wherever I can.

Josh