NEW YORK CITY-We all know multifamily is the darling of the commercial real estate industry, and in this exclusive video interview, Massey Knakal chief Bob Knakal says as much. That doesn't mean that there aren't mounting headwinds, and one of them is the upcoming mayoral election. Knakal spells out the current state of the market and takes a look into the possibilities that lie ahead.
You'll hear:
• How the cap rate/interest rate dynamic breaks out over various apartment types in the New York City market;
• What is the implication for the current record-high tax rate;
• What the upcoming mayoral election means for the general outlook; and
• Are investors underwriting as much interest-rate risk as they should?
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John Salustri
John Salustri has covered the commercial real estate industry for nearly 25 years. He was the founding editor of GlobeSt.com, and is a four-time recipient of the Excellence in Journalism award from the National Association of Real Estate Editors.
