Seth Pinsky, EVP and fund manager at RXR Realty, panelist at Ariel Properties' event
NEW YORK CITY—For New York to continue to thrive, it needs affordable housing. This means not only for the people in the city getting priced out but also for young people, college grads and those with talent to move here to fill jobs, said Seth Pinsky, EVP and fund manager for metro emerging markets at RXR Realty. For a decade, he served as the president of the New York City Economic Development Corporation and before that was a senior advisor to Mayor Michael Bloomberg.
As a panelist at the Ariel Property Advisors “Coffee & Cap Rates” bi-annual discussion about New York City's investment sales market, Pinsky said generally the fundamentals of the city are strong. It enjoys near record population, employment and visitorship. But he said it also faces three critical challenges:
Recommended For You
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
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.
