Maverick Real Estate Partners’ Post

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View profile for John Kaminsky, graphic

MD Data Strategy at Maverick Real Estate Partners. Certified Sommelier.

What’s happened to the value of Rent Stabilized properties since the passage of the Housing Stability & Tenant Protection Act in 2019? A 28% median decline, with some properties seeing losses of up to 70%, is bad news for the owners of these properties – but the impact to the health of regional banks that have financed these properties is a much bigger concern. Read more in Maverick’s new white paper, now available at https://lnkd.in/eXH3pAT5

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Benjamin Williams

I reduce NYC property taxes for R&E.

6mo

How much value loss due to higher interest rates?

Joan G Bartolomeo

Retired, legacy Signature Bank

6mo

Always great analysis by Maverick

David Aviram

Managing Partner at Maverick | Leveraging CRE Data to Invest in Credit

6mo

What about all the property trades that couldn't happen because they were under water? My sense is that a 28% decline in value paints a rosy picture of where the market actually is today. In underwriting loan acquisitions on RS multi, we're commonly seeing value declines in the 40%-75% range. Ooof!

Seth Glasser

Senior Managing Director at New York Multifamily at Marcus and Millichap

6mo

All of the apartments in New York should be rent stabilized close to 75% of current market level and mark-up to market every 5-years.

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Adrian Mercado

SVP @ RIPCO | Advisor @ SpaceIt™ | Alum of B6,Massey Knakal & Urbint

6mo

Great work, hats off to the data crew.

Very impressive white paper. I wish Albany looked at it during the recent budget process.

Adam Kahati, LEED GA

President @ ADCO Builders | LEED Green Associate | Project Manager | Real Estate Developer

6mo

The numbers don’t lie. Albany has to open their eyes to see their policies aren’t working and only are hurting.

Peter Hungerford

Real Estate Private Equity Sponsor || Value-Add GP || Optimistic Entrepreneur

6mo

Love this graphic! Great work Team Maverick.

Michael McLaughlin

Global Finance Executive & Founder | Expert in Credit & Structured Finance | Driving Innovation in Fintech and Private Credit Markets

6mo

This is a very thorough and detailed analysis of the crunch facing NY rent stabilized properties. Great job by John and team!

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