The 99-Unit City
Rents hit new all-time highs in Brooklyn and Manhattan this summer while the city argued about how much housing to build. Derek Bestreich, Adam Lobel and Donal Flaherty are joined by Steve Reynolds to work through the 99-unit threshold and whether developers building around it actually cost the city housing, why most new Manhattan product is condo rather than rental, what five years did to Gowanus, and where the panel splits on buying rent stabilized product at eight to ten percent yields. Follow IPRG: @iprg_ny www.IPRG.com






