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Seth Glasser

@sethglasser1

1.6K

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NYC multifamily investment sales broker, advisor, and advocate for common sense affordable housing policy

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Under Contract l 900 Lydig Avenue, Bronx, NY

Prime Morris Park - 94 unit elevator building w/34 parking spaces

DM for similar inventory
Michael.fusco@mmreis.com
(973) 865-6303

#undercontract #bronx #cre #marcusmillichap #multifamily

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Under Contract l 3102-3014 Willow Lane, Pelham Bay, Bronx

14 units in prime Pelham bay right off of Westchester avenue. All units have their own hot water heater and PTAC system. 100% electric, no gas. Gut renovated in the early 90s

DM for similar inventory
Michael.fusco@mmreis.com
(973) 865-6303

#pelhambay #undercontract #bronx #newyorkmultifamily #cre marcusmillichap

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Rent Stabilization Buyouts: A Thing of the Past

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Mold grows fast, causing severe asthma in kids. 1 in 4 kids in the Bronx have it. Free inhalers are a temporary fix. Unaddressed mold can lead to lifelong lung damage. #PublicHealth #AsthmaAwareness #MoldRemediation #UrbanLiving #ChildHealth #Bronx #Healthcare #CommunityImpact #EnvironmentalHealth

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Selling buildings for 15x rent pre-HSTPA. Post-HSTPA? 10x. The math is brutal: a $1.5M drop in value, wiped-out equity, and zero investor incentive. #RealEstateMarket #HSTPA #InvestmentStrategy #PropertyValue #RealEstateInvesting #MarketShift #EquityLoss #InvestorRelations

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NYC's 2019 housing law backfired. It froze rents on stabilized apartments, making renovations unaffordable and leaving 60,000 units vacant and decaying. The opposite of stability. #NYCHousing #RentStabilization #UrbanPolicy #AffordableHousing #RealEstateNews #HousingCrisis #NYCRealEstate #PolicyFail

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NYC's cap rates are the highest in the nation. This isn't normal or good for investors, city coffers, or residents. #RealEstate #NYCRealEstate #Investment #CapRates #MarketTrends #UrbanDevelopment #EconomicAnalysis #Distress

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Lenders face a double whammy: cash flow issues and falling property values. They lend on debt support and appraisal value, but what happens when these conflict? It's a tough spot for everyone. #RealEstateFinance #PropertyInvestment #Lending #Appraisal #CashFlow #InvestmentStrategy #FinanceTips #RealEstateMarket

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The rent payment doom loop.

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Affordable housing? Taxpayer dollars building new apartments at $850/sq ft. Meanwhile, existing buildings are available at 1/10th the price. Wild. #RealEstate #AffordableHousing #Investment #UrbanDevelopment #HousingCrisis #Property #Economics #TaxpayerMoney

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Running a building is costly. Every new law adds to the burden, and compliance costs skyrocket. Facade inspections alone can cost millions. #RealEstate #LandlordLife #NYCRealEstate #PropertyManagement #Compliance #UrbanLiving #BuildingCodes #Investment

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The real estate industry is ready and willing to reinvest and grow affordable housing in New York.

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