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New York City Multifamily Podcast

New York City Multifamily Podcast
Author: Joe Koicim, Shaun Riney, and Seth Glasser
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© 2025 New York City Multifamily Podcast
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The leaders of New York’s #1 mid-market multifamily sales team, Joe Koicim, Shaun Riney, and Seth Glasser discuss the state of the market. We explore topics such as: who is buying and selling, the obstacles impacting transactions such as legislation and compliance, and where we see the best opportunities in the market.
51 Episodes
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Seth Glasser sits down with Todd Pajonas, President of Legal 1031 Exchange Services, to unpack a landmark New York ruling that validated the “drop and swap” strategy in 1031 exchanges. Todd explains the case background, why it matters for partnerships and LLCs, and what investors need to know about timing, lender approvals, and planning ahead. He also shares where he’s seeing exchange capital flow across the country and why he’s optimistic about the market. Get the latest updates on Instagr...
Joe Koicim, Shaun Riney, Seth Glasser, and Michael Salvatico break down the latest trends in New York City’s multifamily market. This quarter, the team highlights over 30 closed transactions and unpacks the forces shaping today’s deal activity. They discuss: The rise of new one-off buyers and an influx of foreign capitalHow patient investors are approaching rent-stabilized assetsShifts in cap rates attracting a new wave of operatorsInstitutional strategies around tax-abated productHow sellers...
Shaun Riney and Seth Glasser sit down with Stephen Palmese to discuss his pivot from top NYC broker to founder of Integritas Capital. Stephen shares how he quickly scaled his credit-focused firm to nearly $1 billion in deals, targeting overlooked independent sponsors. This episode covers major transactions in New York and South Florida, the challenges of office-to-residential conversions, and differences in entitlement and pre-sale strategies across markets. Stephen also offers candid advice ...
Shaun Riney and Mike Salvatico sit down with developer and capital advisor Eric Brody, co-founder of Anax Real Estate Partners and host of Real Tech Talk. Eric shares how he's leveraging years of development experience to capitalize on distress in the market, stepping in to rescue and reposition stalled projects where others see only risk. The conversation spans his approach to recapitalizing half-built assets, the future of NYC office and residential development, construction cost dynamics, ...
Joe Koicim and Seth Glasser sit down with Joseph E. Fingerman, the former Senior VP of Commercial Real Estate Lending at Signature Bank and now President of Commercial Real Estate at Peapack Private Bank & Trust. Joe shares insights from his front-row view of Signature's sudden collapse in 2023, detailing the chaos of being caught in a "drive-by" seizure. He opens up about the experience of starting from scratch at a private debt fund before returning to traditional banking at Peapack, wh...
In this market update, Joe Koicim, Shaun Riney, Seth Glasser, and Mike Salvatico discuss national cap rates, the influx of capital into New York, and why investing in NYC remains attractive. Regulations, supply constraints, and the maturity wall in 2025 and 2026 are creating opportunities. The conversation also covers recent transactions, buyer strategies, and the unique challenges and opportunities in both core plus and stabilized asset classes. Get the latest updates on Instagram: https:/...
Joe Koicim and Seth Glasser are joined by Charles Clinton and Marious Sjulsen from Equity Multiple, a real estate crowdfunding platform with a successful track record of 200 deals and $800 million raised in debt and equity. The conversation covers their partnerships with Mission Capital and Marcus & Millichap, regulatory challenges, and the advantages of their platform for real estate investors. They delve into the importance of data, automating processes, and maintaining transparen...
Seth Glasser is joined by Lonnie Hendry from Trepp, an industry leading provider of data, research, and technology solutions to the structured finance, commercial real estate, and banking markets. Lonnie is also the host of the incredibly insightful TreppWire Podcast. In this episode, Seth and Lonnie discuss Trepp's history, their services, and the importance of data in today's market. They cover multifamily trends, delinquency statistics, and regional differences, particularly focusing on Ne...
Joe Koicim hosts Tony Azzi, a veteran broker with over 1,000 transactions in his 40-year career at Marcus & Millichap's Los Angeles office. Tony discusses the challenges and opportunities in the LA multifamily market, including rent control politics, insurance issues due to recent fires, and the impact of rising interest rates. Joe and Tony went back and forth about similarities and differences in the multifamily markets of New York and Los Angeles. Tony also shares his person...
Seth Glasser and Andrew Bronsteen are joined by Bernard Borghei and Isaac Lipton from Symphony Wireless, a telecommunications firm that acquires, manages, and leases cell sites throughout the country. Bernard and Isaac delve into the workings of their business, the advantages of monetizing cell phone antennas, and factors influencing easement valuations. They also discuss the industry's projected growth, the impact of rising interest rates, and offer insights on partnering with property...
Seth Glasser and Shaun Riney are joined by Jay Parsons, a renowned rental housing economist based in Dallas. Jay shares his extensive experience advising multifamily and single-family rental housing stakeholders, including institutional investors, REITs, and government agencies. The conversation explores current trends in rental economics, supply and demand pressures, the impact of regulatory risks, and the role of AI in property management. Jay also discusses the implications of current ma...
Shaun Riney and Seth Glasser are joined by Evan Abraham, Vice President of InterVest Capital Partners. In this episode, they delve into the unique aspects of specialty finance, recent transactions, and challenges and opportunities in the New York real estate market, including insights on rent-stabilized multifamily assets and the broader implications of macroeconomic trends. Evan also details InterVest's approach to direct lending, equity investments, and funding structures. Get the la...
Shaun Riney and Seth Glasser are joined by John Chang, Senior Vice President and Head of Research at Marcus & Millichap. In this episode, John shares in-depth insights into the current trends in commercial real estate. The conversation delves into the impact of public policy and demographics on the multifamily market and the research required to make informed investment decisions. Get the latest updates on Instagram : https://www.instagram.com/newyorkmultifamily https://www.newyorkmultif...
Joe Koicim and Seth Glasser sit down with Seth Weissman from Urban Standard, a fully integrated real estate private equity firm, focused on debt and equity investments. In this episode, he discusses his journey from landlord to bridge lender. The conversation covers Urban Standard's three lines of business, challenges in the lending environment, and the importance of having discretionary capital. Weissman shares insights on the evaluation of borrowers and assets, the impact of regulatory chan...
Shaun Riney and Seth Glasser sit down with Kenny Burgos, CEO of the New York Apartment Association. Kenny discusses his background as a lawmaker representing the Southeast Bronx, and his transition to leading NYAA after its formation in 2024 from the merger between CHIP and RSA. The conversation covers issues surrounding housing regulation, tax policies, the impact of rent laws, and potential solutions to stabilize and improve affordable housing in New York. Kenny also shares personal anecdot...
In this market update, Joe Koicim, Shaun Riney, Seth Glasser, and Mike Salvatico share current market data points, year-end reflections, and tips for sellers looking to position themselves for success amid current challenges. They also discuss the growing market momentum following a recent Fed rate cut, explore deal stories from the past few weeks, and examine the impact of legislation like good cause eviction. Get the latest updates on Instagram : https://www.instagram.com/newyorkmult...
Joe Koicim and Seth Glasser are joined by Vince Giovinco, Executive Vice President and Director of Commercial Real Estate at Flushing Bank. In this episode, Vince shares insights on the current lending landscape, the challenges facing borrowers, and the nuances of underwriting in the current market. The conversation delves into Flushing Bank’s conservative, relationship-driven approach, distinguishing it from larger banks, and explores how recent Fed rate cuts may influence lending strategies...
Shaun Riney and Seth Glasser are joined by Shlomo Chopp, a distinguished commercial real estate executive with over 20 years of experience, specializing in distressed real estate. He began his career in 2003 at a pioneering proptech firm, rapidly excelling in deal-making and acquisitions while harnessing emerging technologies to spot undervalued opportunities. These early years provided him with a strategic mindset and a robust network that would later prove invaluable in navigating complex m...
Shaun Riney and Seth Glasser are joined by Ryan Tseko, Executive Vice President of Cardone Capital, to discuss his journey from commercial airline pilot to Grant Cardone's right-hand man. Ryan shares insights into current market trends, acquisition strategies, and Cardone Capital's unique approach to investor relations through monthly distributions and transparent communication. Get the latest updates on Instagram : https://www.instagram.com/newyorkmultifamily https://www.newyorkmultifamil...
Shaun Riney and Seth Glasser are joined by Rick Gropper, principal and co-founder of Camber Property Group. Rick is an expert in the development, construction and ownership of affordable and mixed income multifamily housing throughout NYC. In this episode, he explains how Camber has overcome current industry challenges like rising costs and regulatory hurdles, to find success in the affordable housing space. Get the latest updates on Instagram : https://www.instagram.com/newyorkmultifamily ...