Don’t Write NYC Off Just Yet!
The pandemic has forced unexpected change around the world, but is there really a mass migration from New York City? In today’s episode of The Yield, Yieldstreet’s Mitch Rosen, Senior Director of Real Estate, and Seth Weissman, Managing Partner of Urban Standard Capital, discuss the current New York City real estate market, how it might bounce back in coming months and the investment opportunities that are appearing in both residential and commercial real estate. Click here to subscribe and listen: https://podcasts.apple.com/us/podcast/the-yield/id1527659260Key Takeaways:[:50] Host Mitch Rosen introduces Seth Weissman and the topic of real estate in NYC today.[4:13] A look at how different neighborhoods are currently faring in a COVID-19 environment.[6:41] Where will NYC go from here? A snapshot of what the real estate rebound might look like over the long term.[11:42] What role do city and government entities play in stimulating economic activity?[17:04] If a mass migration out of the city is actually happening, what are the most highly affected real estate categories and what opportunities for investors are appearing as a result?[21:08] What are the greatest areas of potential opportunity for investing in distressed and undervalued real estate?[27:20] Is there an opportunity for rent growth within the next 12 months for residential real estate investments this year?[32:30] A snapshot of neighborhood retail leases and options for tenants to become partners with landlords.[35:25] In a post-pandemic world, what is the future of co-working spaces in the city?[36:58] Understanding foreclosure deferrals and the headwinds that real estate is facing in the current climate of the city.[39:08] A value comparison of real estate and rental properties in Brooklyn versus Manhattan.Mentioned in This Episode:YieldstreetYieldstreet Real EstateUrban Standard Capital