September 17, 2018

The rental market is soft. So why are multifamily deals piling up?

Mentions News

The Real Deal

Terra CRG’s Matthew Cosentino said sellers who are wary of an interest rate hike and the rising costs of managing multifamily properties are jumping at a chance to sell when large funds will pay a premium.

“If you’re looking at a three cap in Manhattan and you can get a similar building in Brooklyn for a five cap,” he said, “Brooklyn is now as desirable for many of these buyers.”

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