Hey #retwit We're hiring an experienced Asset Management Analyst to support our institutional partnership, which has acquired over $250 million in real estate since 2023. The role is based in Brooklyn and requires in-person attendance DM me for more information!

New York City rent-stabilized multifamily is the least incredible asset class I've ever seen in my career in real estate

Great to run into Conor H. at the Yankees playoff game tonight! Thanks to Lee & Associates NYC for the invite.

So ridiculous that I respect it

Respect to Charney for going all-in on Gowanus with four development sites totaling ~2,000 units Once completed, these projects should be valued at over $1.5 billion

It's refreshing to underwrite a deal where the broker can't even provide the bedroom count in each unit. NYC deals are way too buttoned-up these days

Whenever I hear about either the West Wharf, Gowanus Wharf, or Williamsburg Wharf multifamily developments

Not often do you see a $120m loan provided for a *seven* unit project Average unit sellout is $38 million

Despite being on the waterfront, this location is far from prime Williamsburg Sales for the 89-unit development launched in October, with 15% already sold Naftali is arguably the most successful condo developer in NYC these days – would be impressive if he pulls this off

My favorite thing about marketing emails for pre-war buildings in Ridgewood & Bushwick is how quickly I can delete them now

The most shocking rent-stabilized deal yet – 312 E 106th St '16: $8,825,000 '25: $550,000 Translates to ~$40 per square foot!

My plumber was live trading futures while regrouting my tub. Not sure if my bathroom or the market is more screwed

A nice win in this tough environment