Navigating NYC Multifamily Property Challenges

In this special guest episode of The TreppWire Podcast, we are joined by Seth Glasser, Senior Managing Director at New York Multifamily at Marcus & Millichap. As one of the top-producing multifamily agents in their office, Seth shares insights into his journey in commercial real estate (CRE), the major challenges facing the NYC multifamily market due to evolving legislation, and where the opportunities lie. We also dive into key topics including 1031 Exchanges, triple net leases (NNN), current cap rates, and the importance of knowing the data in your market. Tune in now.

Episode Notes:

- Background and Start in CRE (1:44)

- Government Role in NY Housing (4:23)

- Biggest Challenges in Multifamily Sector (6:45)

- Buyers' Appetite for New Debt (11:43)

- Navigating the Market and Continuing to Grow (19:00)

- Affordable Housing World in NY (24:07)

- Office-to-residential Conversions (28:41)

- 1031 Exchanges, NNN Leases & Cap Rates (30:49)

- Multifamily Opportunities in NYC (36:48)

Please take our listener feedback survey: www.surveymonkey.com/r/BMPXLHG 

Questions or comments? Contact us at podcast@trepp.com. 

Follow Trepp: 

X: www.x.com/TreppWire

LinkedIn: www.linkedin.com/company/trepp