Peter Von Der Ahe

https://podcasts.apple.com//coronavirus-impa/id1256218489 For the latest Behind The Bricks episode my partners and I got together over video chat to discuss the market so far. I would like to share that conversation with you where, Joe Koicim, Seth Glasser, Shaun Riney, and I cover questions like: - What's the #1 question all NYC owners are asking right now?... - Why will beginning of April be important for the multifamily market? - Which deals are getting done? - How are banks reacting to current deals? - What is Force Majeure and why has it become popular? I hope you find this information valuable and look forward to your feedback.

https://www.multifamilymemo.com I'm excited to announce the launch of the Multifamily Memo podcast! For some, dealing with the virus situation is unexpected downtime, and I wanted to share a resource to make your spare moments more useful. The Multifamily Memo podcast is for professional real estate investors interested in learning about US multifamily investing. If you landed in a city tomorrow, and wanted to invest, how could you instantly get up to speed? On this show you’...ll hear from market making brokers and others who share advice and intriguing insights about their specific market. The first three episodes: Will Balthrope (Texas Investing, Part 1), Niko Nicolaou (New Jersey Investing), and Steve Gebing (Phoenix). Enjoy - and let me know what you think!

In January 2020, after a competitive bidding war, the team closed on 248 Elizabeth Street for $8,000,000. The building contained 50% stabilized tenants and sold for a 4.5% cap rate, or $1,067 PSF. Read the story on how the deal came together! https://newyorkmultifamily.com/50percent-stabilized-asset-/

In the most recent episode of Behind the Bricks I sit down with Jeremy Salzberg, managing partner of Sugar Hill Capital Group. Jeremy specializes in integrating design, sustainability and the arts into pre-war apartment buildings. Take a listen here: https://podcasts.apple.com//behind-the-bricks/id1256218489

The supply of new rental units will change significantly in NYC this year. After the disruption that 2019 rent reform caused, multifamily owners will be pleased to know that 2020 might bring some positive changes. https://newyorkmultifamily.com/will-less-supply-bring-rent/

Our February monthly report is live. Link below to access our premier industry data and on-market listings. https://newyorkmultifamily.com/newsletter/

20 tours and 15 written offers later the New York Multifamily team closed 105-115 Greenpoint Avenue for $29,000,000. Learn how the deal came together in our latest success story. https://newyorkmultifamily.com/29million-greenpoint-sale/

In the most recent episode of Behind the Bricks I sit down with Jordan Sachs and Chelsea Werner of BOLD New York. Jordan and Chelsea break down the outlook for the upcoming year for rentals, condominium, and co-op sales. Take a listen here: https://podcasts.apple.com//behind-the-bricks/id1256218489

Just CLOSED in NoLiTa for $8,000,000 at $1,066 per square foot. The asset is 50% free-market and had immediate rental upside.

Our Q4 NYC Sales Report is available tracking all NYC sales in the fourth quarter of 2019 - Link to access: https://newyorkmultifamily.com/sales-reports/

As mentioned in the The New York Times 2154 Second Avenue closed for $2,050,000 and is 100% rent stabilized. https://www.nytimes.com//new-york-commercial-real-estate.h

Closed for $29,000,0000 as reported in the Commercial Observer. 105-115 Greenpoint traded for $557,00 per unit and is 96% free market. https://commercialobserver.com//greenpoint-apartments-tra/

As 2020 begins, you have much more certainty as an investor about the realities of New York Multifamily, prices have adjusted, and a new market equilibrium is upon us. Click below for my NYC 2020 multifamily outlook blog. https://newyorkmultifamily.com/nyc-multifamily-2020-outlook/