NEW YORK CITY—“We believe in two things in terms of real estate. We believe in water views and transportation,” said Adam Mermelstein, managing member at Treetop Development, and a panelist at the Coffee & Cap Rates program hosted by Ariel Property Advisors at 101 Park Ave.
Water and Transportation (But Not Staten Island)
The moderator, Michael Stoler, managing director at Madison Realty Capital, noted “Coney Island is at least a one-hour schlep.” Yet developers are constructing major buildings right near the Cyclone. Stoler referenced John Catsimatidis' huge multi-building, mixed-use development under construction on Coney Island.
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Betsy Kim
Betsy Kim was the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.
