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2017: Year of the Renter

A few of our team members sat in a room of industry heavyweights gathered for a discussion regarding the state of the NYC multifamily market. What everyone seemed to be in agreement with was that the rental market continues to rely heavily on tenant concessions, and that investors continue to search for new opportunities in Brooklyn, Queens, and Bronx.

“Those of us with capital to deploy aren’t doing anything. We’re looking for opportunities, and we’re not finding them” says a partner Rockwood Capital.