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Bronx Experts Talk Rent Laws and O-Zones
Nearly 100 New York City real estate professionals recently joined Ariel Property Advisors at its first-ever “Bronx State of Mind” event. The networking breakfast was jointly sponsored by the Bronx-Manhattan North Association of Realtors.
Shimon Shkury, president of Ariel, kicked off the event at The Japan Society on East 47th Street in Midtown Manhattan with comments about the New York City investment property market, and shared his thoughts about the state’s new rent regulation laws.
Ariel’s Jason M. Gold, moderated the panel discussion about the Bronx, with questions focused on recent trends, rent regulation, Opportunity Zones and the overall state of the borough’s commercial real estate market.
All three panelists voiced their displeasure with the new rent regulation laws. As a result of the new laws, Camber Realty Group’s Rick Gropper said “the market will likely experience a significant correction and reset.”
Pictured, from left: Ariel’s Shimon Shkury, panelists Rick Gropper, Mark Stagg and Radame Perez; and Ariel’s Jason Gold
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