Behind The Bricks

As we head into the colder weather there is not a better time to release this episode.

Today we sit down with Marshall Cox, founder and CEO of Radiator Labs, a start-up that is revolutionizing the way multifamily buildings are heated. Given the operational challenges NYC owners are facing today, technology that will improve building services while reducing expenses are highly sought after... and that is exactly why I chose this guest.

Radiator Labs' mission is to eliminate overheating in steam heated buildings. They do this by incorporating radiator-level control, tracking real-time data, and as a result provide comfort to residents and reduce heating complaints by 95%.

In this episode, we discuss the tech behind Radiator Labs' innovative service, the keys to being a successful entrepreneur, and why its a win-win for all parties involved. Let's go Behind the Bricks with MIT Clean Energy Prize winner, Marshall Cox.

Get the latest updates on Instagram : www.instagram.com/newyorkmultifamily

And Linkedin : https://www.linkedin.com/in/peter-von-der-ahe-3320662/

www.behindthebricks.com

On this quick episode of Behind the Bricks myself, Joe Koicim, Shaun Riney, and Seth Glasser share our third update in our series of conversations on the impact of the Coronavirus on the New York City multifamily market.

You will hear about the types of buyers coming into the market, the areas with the highest deal velocity, and the challenges and opportunities emerging closing deals. Since March 15th our team has closed 21 deals, signed 26 contracts, and have another dozen contracts out. Taking advantage of these opportunities requires insight and a bit of patience today.

Also, we touch on the revitalization of NYC that will come post pandemic...so let's go Behind the Bricks, with Joe, Shuan, and Seth.

-

Hope you enjoyed the podcast!

Please leave a short review on Apple Podcasts/iTunes.

It's quick to do, and helps improve the show - Click HERE to leave a review.

Get the latest updates on Instagram : www.instagram.com/newyorkmultifamily

And Linkedin : https://www.linkedin.com/in/peter-von-der-ahe-3320662/

www.behindthebricks.com

Almost every NYC multifamily owner who has spoken to me about selling an asset has asked, "Where would I put the money if I sold?" Coming from this managment intensive product some choose to invest in net leased properties.

Today we sit down with Glen Kunofsky, Founder of the NNN Pro Group at Marcus & Millichap. Glen and his team have closed thousands of net leased properties worth billions of dollars over the course of his career.

Coronavirus has had a massive impact on the Triple-Net market. In this episode Glen details which type of businesses have been performing better in the pandemic and those that have been hurt. In this discussion we touch on negotiating with retail tenants and how the lending environment is impacting today's market.

Times of turmoil remind us of the importance of having a diverse portfolio of investments. Triple Net Leases behave differently than other property types and for some investors, provide much needed variety. Let's take a quick dive into this subject and hear what one of the top players in this space has to say…

Get the latest updates on Instagram : www.instagram.com/newyorkmultifamily

And Linkedin : https://www.linkedin.com/in/peter-von-der-ahe-3320662/

www.behindthebricks.com

Today we speak with James Eisenberg, Executive Vice President at Urban American. Urban American is one of the largest and most well-known owners and managers of multifamily real estate properties in NYC. Many of their assets are in neighborhoods with mostly rent stabilized units.

In this episode, James explains how they have been adapting in the time of Covid-19. Given the virus and the changes to the laws, the art of maximizing upside and knowing when to make moves has shifted from previous times. We discuss the advantages of owning rent stabilized properties, and the path ahead.

Specifically, we discuss tenant relations and the importance of taking care of tenants in any way necessary during times of crisis... and why there is a business upside to this philosophy.

P.S. This episode was recorded right before the RGB issued its guidelines for 2020. You will hear us discuss this topic. In case you haven't heard, the increases were 0%. So this further complicates operations for owners...but with no further ado...

Let's dive in to hear what else James has to say…

Hope you enjoyed the show!

Please leave a short review on Apple Podcasts/iTunes.

It's quick to do, and helps improve the show - Click HERE to leave a review.

Get the latest updates on Instagram : www.instagram.com/newyorkmultifamily

And Linkedin : https://www.linkedin.com/in/peter-von-der-ahe-3320662/

www.behindthebricks.com

Today we are doing an instant insight conversation with Jordan Sachs, co-founder BOLD New York. BOLD NY is a top flight full-service residential firm handling residential sales and rentals. The focus of this episode is one of the biggest questions Multifamily players are asking in the wake of the crisis: What is the current state of the NYC rental market, what will it look like moving forward, and how should owners be adapting?

Jordan's unique perspective helps him shed light on the major factors impacting demand: tenant retention, building location, and the return of in-person school and office building openings. This year's rental season appears to be different, not gone. Jordan shares some welcomed positive insight...so...without any further intro, lets take a quick dive into this episode of BTB with Jordan Sachs.

Have a question you'd like answered on an upcoming episode?

Call and let us know what it is: 646-450-1833.

Please leave a short review on Apple Podcasts/iTunes.

It's quick to do, and helps improve the show.

Get the latest updates on Instagram : www.instagram.com/newyorkmultifamily

And Linkedin : https://www.linkedin.com/in/peter-von-der-ahe-3320662/

www.behindthebricks.com

Have a question you'd like answered on an upcoming episode? Call and let us know what it is: 646-450-1833.

In this episode we take the impacts of COVID-19 a step further. With NYC being the epicenter of the pandemic our multifamily team has been directly dealing with the rapidly changing NYC multifamily market: All property operators, sellers and buyers are affected and have questions about how to navigate. In this episode Joe Koicim, Seth Glasser, and Shaun Riney and I discuss:

• How certain NYC rental markets will be affected differently

• If NYC residents want to live closer to work and changes to those neighborhoods?

• What areas are seeing the most deal action?

• What should be kept in mind while navigating the current lending environment?

• How does the retail market affect NYC owners and the industry?

• Where do the future opportunities potentially look like?

We would like to be as useful to our industry as possible, and I hope you find this information valuable.

-

Hope you enjoyed the podcast!

Please leave a short review on Apple Podcasts/iTunes.

It's quick to do, and helps improve the show - Click HERE to leave a review.

Get the latest updates on Instagram : www.instagram.com/newyorkmultifamily

And Linkedin : https://www.linkedin.com/in/peter-von-der-ahe-3320662/

www.behindthebricks.com

This is a quick announcement episode where I wanted to introduce a project that has been under underway for many months. For several years, many New York City investors have asked me for information about other markets around the US. As the regulatory environment in New York has become more difficult....the pace of these questions only increased.

Today, is an interesting time.....the whole world is adjusting to the realities of the coronavirus. In uncertain times like these, I try to pay more attention to what I say and to observe the questions I ask myself. One of the best ones that I heard when dealt with a setback is..."what's possible now?" Or said another way: "Because X happened, what is now possible that I didn't think was before it occurred?"

With that in mind, I'd like to let the Behind the Bricks audience know about another podcast I have called the "Multifamily Memo." This podcast features deep dive conversations with the market makers in some of the best multifamily markets in the US. Professional investors, who are looking to learn about other US markets, and learn strategies used in other locations, will (hopefully) find the Multifamily Memo podcast very useful.

So that's it for this quick announcement episode. You can find the Multifamily Memo at www.multifamilymemo.com or iTunes and Spotify.

I hope wherever you are, you are staying safe, staying healthy, and adjusting as best as possible to the environment around coronavirus... Looking forward to speaking to you all very soon…

Have a question you'd like answered on an upcoming episode?

Call and let us know what it is: 646-450-1833.

As all of us in the NYC Multifamily industry make adjustments in our personal and professional lives, we wanted to share how the coronavirus is impacting NYC multifamily. This week I sat down, over video chat, with my partners: Joe Koicim, Seth Glasser, and Shaun Riney and we discussed:

• What's the #1 question all NYC owners are asking right now?
• Why will beginning of April be important for the multifamily market?
• Which deals are getting done?
• How are banks reacting to current deals?
• What is Force Majeure and why has it become popular?

We would like to be as useful to our industry as best as possible, and I hope you find this information valuable.

-

Hope you enjoyed the podcast!

Please leave a short review on Apple Podcasts/iTunes.

It's quick to do, and helps improve the show - Click HERE to leave a review.

Get the latest updates on Instagram and Linkedin

www.behindthebricks.com

Have a question you'd like answered on an upcoming episode? Call and let us know what it is: 646-450-1833.

Today we sit down with Jeremy Salzberg of Sugar Hill Capital Partners. Over the last 10 years, Sugar Hill has purchased over 100 New York City buildings. They specialize in integrating design, sustainability and the arts into pre-war apartment buildings.

Many in the New York City multifamily world are confused about where they should be going with their business plans at this point in time. In our conversation today we, hopefully, clarify some of those items as we talk about how the real estate market has changed since Jeremy joined Sugar Hill in 2010 and where the current opportunities are.

- Hope you enjoyed the podcast! Please leave a short review on Apple Podcasts/iTunes. It's quick to do, and helps improve the show - Click HERE to leave a review.

Get the latest updates on Instagram and Linkedin

www.behindthebricks.com

If you are looking for more of this type of content focused on Multifamily investing around the USA visit www.multifamilymemo.com

In this first episode of 2020, we sit down with Jordan Sachs and Chelsea Werner of BOLD New York. Bold is a full-service residential firm handling residential sales and rentals. Jordan and Chelsea break down the outlook for the upcoming year for rentals, condominium, and co-op sales. After several years of rental declines, early indications from late 2019 show that rents across the city are rising. With concessions burning off, rents increasing, and supply decreasing, this looks to be very good news for owners in 2020. Given the backdrop of the destructive 2019 rent law this bit of good news will be cheered by owners, investors and all market participants.

The other topic of this episode is the state of the condominium and co-op sales market in New York City. For the past several years the residential sales market has been very slow due to significant oversupply, in all price categories. We discuss how that supply is going to be absorbed in 2020 and the impact of shadow inventory on the rental market.

I hope you enjoy this information packed episode as much as I did and let's go behind the bricks....with Jordan and Chelsea...

For more information please visit: www.behindthebricks.com