The Anton Group at Marcus & Millichap

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New York City's retail market is bouncing back with a surge in tourism driving demand, particularly in Manhattan. Average rents are rising across the city, while new developments in Queens and Brooklyn add significant inventory. Job growth and a strong multi-tenant sector?signal a robust market recovery. Specializing in all things NYC, The Anton Group brings extensive experience in raising capital and investment sales.?Don't hesitate to reach out to us for all of your real estate needs.?We are here to help you navigate this complex market with confidence. #antongroupnyc #nyre

? THE ANTON GROUP MARKET UPDATE | JUNE 2024 ? Despite the turbulent market, the Anton Group remains active, successfully selling properties across all asset classes and raising both debt and equity... Read through to see some of our current opportunities ? #TheAntonGroupNYC #NYCRealEstate #CRE

The Anton Group's Eric Michael Anton and Nelson Lee will be attending the ICSC conference in Las Vegas this Sunday through Tuesday. As a valued client, we would look forward to the opportunity to meet with you and discuss some of our new investment opportunities. Currently, we are offering: ?? Portfolio of large single tenant NNN properties located across the country ?? Distressed office buildings in Midtown Manhattan ?? Union and non-union hotels in Manhattan ?? Free market multifamily property in Manhattan ICSC Las Vegas presents the perfect opportunity for us to connect face-to-face and explore how The Anton Team can support your investment strategy. We would be delighted to schedule a meeting with you during the conference to discuss your specific needs and share insights on the current market trends. ?? If you plan to attend ICSC Las Vegas 2024, please reach out to us directly to arrange a meeting.

Albany's new housing deal is here, and it addresses a variety of matters such as the extension of the 421A deadline, the introduction of 485x as a replacement, Office-to-Residential conversions, the removal of the Residential FAR 12 cap, regulations for Residential Projects in Historic Districts, Good Cause Evictions, and renovations on rent-stabilized units. After reading through 485x, I'm curious to see how and if new resi developments will pencil with the revised affordability and wage requirements. Good Cause Eviction, while passed, thankfully looks to be a more watered down version than what was previously introduced. In the end, I think it will hurt both landlords and tenants with landlords assuming greater leasing risk and tenants facing more stringent requirements. And while there have been changes to the IAI formula, this bill doesn't do enough to help owners of vacant rent-stabilized apartments recoup renovation costs. Regardless, I'm optimistic that there is some relief and clarity has been granted. Looking forward to the upcoming opportunities!

Midtown foot traffic is now at 80% compared to prepandemic, and the renewed intestest in well located Class B buildings should also bring more demand for sidestreet retail in these markets.

A quote from our senior managing director, Eric Michael Anton, in a new article on ConnectCre: “The resurgence of interest in well-located Class B and C segments in Midtown, together with the consistent demand for proximity to major transportation nodes, presents a promising forecast for New York City’s office market this year." Check out the link below to read more! #TheAntonGroupNYC #NYCRealEstate #NYCOfficeMarket