Hello. I’m Marc Gerstein (Twitter: @MarcREvalues). I’m an architecture school drop out (sigh . . . ), an attorney and an established stock-market professional as a result of which you may already know me from my columns on Forbes.com, or perhaps form one of my books. Those who know my work know I’m about buying, selling and investment decisions that make sense, not based on emotions, bias, hype, fashion, etc. I’m about having reasons for doing what one does. I’m now extending my work to real estate in New York city, the city in which I was born and lived most of my life and even drove a yellow cab back in my law school days; automobile negligence isn’t something that can be learned in a book; one has to get out there and do it. 🙂

Value in real estate, value in New York City real estate, is like value anywhere else. It’s about what you pay and what you get and having sound reasons for doing what you do. In real estate, that means:

  • Prices that make sense relative to prices of comparable properties. What makes sense can be above or below the “comps” if there are good reasons for going higher or lower.
  • Prices for investment properties that make sense relative to the risk-adjusted returns the buyer can expect to realize, whether
    • Current income, or
    • An expected stream of rising income (which can justify a lower day-one cash-on-casdh yield), or
    • Expected capital gains (which can justify the lowest day-one cash-on-cash yield)

This blog will explore these issues mainly in the context of New York City with an initial focus on Queens, particularly multifamily properties containing less than 6 units (investment properties) as well as co-ops and condos (for living or investing) and single-family homes (again for living or investing).

Let’s communicate, let’s talk, let’s meet.

  • 917-604-9560
  • marc@ldgliving.com
  • Twitter: @marcREvalues