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Investment Opportunities Emerge
MARKET UPDATE | MARCH 2023
Ramadan Kareem! To those who celebrate, we wish you a blessed holy month.
We have approached the end of the first quarter, and it feels like a year's worth of events has occurred. Given the heightened economic risks we face today, investors are shifting strategies to minimize exposure. Naturally, many have looked to safe-haven hard assets such as real estate and gold.
While we wait for the Q1 market data to come out, let's dive into three New York real estate investment opportunities that have emerged in these volatile times:
Small to mid-size buildings (5-25 units) are being liquidated and offered at deep discounts.
Income-generating apartments are seeing record high rents, with tenants now locked into 2-year leases.
Ultra-luxury markets are softening but could stabilize if the bank crisis steepens.
The Opportunity: We are entering into a rare period where smaller buildings are being offered at extraordinary discounts. This opens up significant opportunities for investors looking to get creative and put together a choice portfolio with both short and long-term upside. In many instances, we are seeing upwards of 10% projected CAP.
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