New York City Multifamily Podcast

Episode 62: How to Scale Bigger in Smaller Markets with Moshe Bloorian

Seth Glasser and Matthew Gault sit down with Moshe Bloorian, founder and managing partner of Grey Hill Group, to discuss how he started in real estate from scratch in 2017 and scaled into a platform with over $300 million in assets under management across multifamily and industrial properties in secondary and tertiary markets. Moshe explains why he prioritizes in-place cash flow, avoids bridge loans, and structures long-term debt—plus how Grey Hill evaluates markets, cap rates, vacancy, and downside risk when rents flatten. Matt also assesses the current market dynamics in Hudson Valley/Westchester, including what he’s seeing with Good Cause Eviction and rent growth north of the City. 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

Episode 61: Navigating Chaos & Leveraging Bankruptcy Tools with Leo Jacobs

Shaun Riney and Seth Glasser sit down with Leo Jacobs, a nationally recognized restructuring and business litigation attorney. Leo breaks down what the landmark Pinnacle portfolio bankruptcy auction really means for rent-regulated assets and the broader market. Drawing on his deep experience mediating between borrowers and lenders, Leo explains why bankruptcy isn’t a dirty word—it’s a strategic tool to right-size debt, buy time, and reset capital stacks when traditional negotiating fails. He digs into: * Why the Mamdani administration’s attempt to condition the Pinnacle sale around repairs was unlikely under federal law * How lenders and owners rethink leverage when values fall and debt overwhelms assets * The psychological and tactical realities of navigating distress, including when to restructure, when to walk away, and how to work with lenders during volatile markets This episode gives investors and operators a grounded look at the changing landscape of multifamily distress and how to make sense of it with clarity and strategy. 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

Episode 60: NYC's Housing Policy Battlefield with Fontas Advisors

Shaun Riney and Seth Glasser are joined by George Fontas and Frank Ricci of Fontas Advisors. The discussion covers the political landscape impacting the real estate industry, focusing on the controversial COPA bill, the Pinnacle bankruptcy sale, and the evolving state of housing policy under the Mamdani administration.  George and Frank provide insights into the collective efforts by the real estate industry to navigate these challenges, the role of the NYC City Council, and the broader implications of government interventions on property ownership. They also touch on upcoming issues such as the Rent Guidelines Board, potential lawsuits, and the financial challenges facing property owners. The conversation concludes with advice for property owners on managing their portfolios amidst these changing dynamics. 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

Episode 59: The Real Cost of Maintaining NYC’s Buildings With Mike DiFonzo

Seth Glasser sits down with Mike DiFonzo, President of Central Construction Management, one of New York City’s leading façade restoration and building-envelope contractors. Mike shares what goes into maintaining and restoring the exterior of pre-war and mid-rise buildings, how owners navigate the city’s inspection and compliance cycles, and why so many projects end up taking longer (and costing more) than people expect.  The conversation touches on all things façades, roofs, garages, parapets, and scaffolding, including how the regulations governing them get decided and the role people like Mike play in that process. This episode offers an inside look at a part of the NYC multifamily world that most owners only think about when something goes wrong. 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

Episode 58: The Fight to End NYC's Vacancy Crisis with Rob Johnson

Shaun Riney and Seth Glasser are joined by Rob Johnson, Senior Attorney at the Institute For Justice, a national nonprofit law firm focused on defending property rights and advancing constitutional law through strategic litigation. Rob is the lead attorney representing Small Property Owners of New York in their case against the State of New York, challenging draconian regulations on rent-stabilized apartments and pushing for a rent reset on vacant units.  Currently there are 50,000 vacant rent stabilized apartments being warehoused because it is economically unviable to fix and re-rent the units at the current stabilized rates. The discussion highlights the real-world effect this has on small property owners, housing supply, and prospective tenants. 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