New York City Multifamily Podcast

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 Instagram: https://www.instagram.com/newyorkmultifamily [https://www.instagram.com/newyorkmultifamily] https://www.newyorkmultifamily.com [https://www.newyorkmultifamily.com/] Reach out to us at: seth.glasser@marcusmillichap.com

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 capital * How patient investors are approaching rent-stabilized assets * Shifts in cap rates attracting a new wave of operators * Institutional strategies around tax-abated product * How sellers are handling tenant negotiations, discounted payoffs, and portfolio repositioning The conversation closes with a look at current lending conditions, surprising buyer activity in August, and the best opportunities the team sees in today’s market. Get the latest updates on Instagram: https://www.instagram.com/newyorkmultifamily [https://www.instagram.com/newyorkmultifamily] https://www.newyorkmultifamily.com [https://www.newyorkmultifamily.com/] Reach out to us at: seth.glasser@marcusmillichap.com

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 on managing risk during a career shift and where he sees the best real estate opportunities today. Get the latest updates on Instagram: https://www.instagram.com/newyorkmultifamily [https://www.instagram.com/newyorkmultifamily] https://www.newyorkmultifamily.com [https://www.newyorkmultifamily.com/] Reach out to us at: seth.glasser@marcusmillichap.com

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, and where he's placing bets—from Brooklyn fix-and-flips to affordable luxury in Miami and townhouses in Charlotte. It’s a deep dive into capital markets, development leadership, and what it takes to rebuild after a fall. Get the latest updates on Instagram: https://www.instagram.com/newyorkmultifamily [https://www.instagram.com/newyorkmultifamily] https://www.newyorkmultifamily.com [https://www.newyorkmultifamily.com/] Reach out to us at: seth.glasser@marcusmillichap.com

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, where he’s helping to build out a high-touch, relationship-driven lending platform in NYC. This wide-ranging conversation dives into the risks of private debt, the challenges of today's rent-stabilized market, how relationship lending can still thrive, and the policy shifts needed to support multifamily owners. Joe unpacks where the lending market is headed and what borrowers must do to survive and adapt. Get the latest updates on Instagram: https://www.instagram.com/newyorkmultifamily [https://www.instagram.com/newyorkmultifamily] https://www.newyorkmultifamily.com [https://www.newyorkmultifamily.com/] Reach out to us at: seth.glasser@marcusmillichap.com