Cap rates, rent trends, and underwriting benchmarks for New York apartment investors.
The largest apartment market in the country with extreme supply constraints. Rent-stabilized properties trade based on current income with limited upside. Free-market properties in Brooklyn, Queens, and the Bronx see the most investor activity. Good Cause Eviction law adds regulatory complexity.
Rent-stabilized portfolios have specialized lending requirements. Free-market assets attract standard agency terms. 1.15-1.20x DSCR on stabilized NYC deals. Property taxes are a major expense line item.
Upload any New York offering memo, T12, or rent roll. Get a full underwriting report with deal grade, sensitivity analysis, and Go/No-Go verdict in under 2 minutes.