CONTACT US
SEARCH
CONTACT US
SEARCH
Member Resources
Events & Education
News & Media
About
MY ACCOUNT
For press inquires reach out to Chris Santarelli by email at press@rebny .com or by phone 212-616-5249.
SEARCH
YEAR
TYPE
203 Press Release
SORT BY:
SORT BY
SORT ORDER:
SORT ORDER
April 14, 2023•
Press Release
Number of New Filings Was 24% Below the Historical Quarterly Average Proposed Square Footage Was 31% Below the Historical Quarterly Average NEW YORK, NY –The Real Estate Board of New York (REBNY) today released its Quarterly New Building Construction Pipeline Report for Q1 2023. This report dissects public information on newly proposed building projects to review the current development pipeline in New York City. This quarterly report is separate from REBNY’s monthly report on foundation permit applications, which further demonstrates that many proposed rental projects with below market rate units may not actually advance to actual construction, particularly given the expiration of the 421-a tax abatement. Read the full Q1 2023 Construction Pipeline report here. According to the report, there were 378 new building filings in Q1 2023 representing approximately 8 million square feet. The number of filings is a 3% decrease from the previous quarter and the proposed square footage is a 36% decrease from the previous quarter. The Q1 2023 activity was also significantly below the historical quarterly averages tracked for New York City since 2008. The number of new building filings was 24% below the quarterly historic average and the proposed square footage was 31% below the quarterly historic average. The decrease in the multi-family sector was particularly sharp. The new building filings in Q1 2023, if completed, would deliver 5,475 new multiple dwelling units. If completed, these units could either be ownership (condo/co-op) or rental. This represents a 31% decrease from the previous quarter and a 13% decrease compared to the historical quarterly average. Based on the data, it is clear that the housing pipeline is still far behind where it needs to be to address the City’s long-term needs. Experts have estimated the City must build approximately 560,000 new units of rental housing by 2030 just to keep pace with projected growth. “The City’s housing market and affordability crisis continues to worsen, with a stifled pipeline of new homes and an increasing percentage of existing rental units under distress. These results are due, in part, to the decisions made by the State Legislature over the last several years,” said REBNY President Jim Whelan. “Most recently, the State Legislature failed to put forth any substantive housing production proposal as part of their State budget proposals. Without adopting proven policies to increase housing production, lawmakers and their constituents should expect the City’s housing crisis to continue to worsen.” This report complements REBNY’s monthly Multifamily Foundation Plan Report, which reviews monthly applications for residential building foundations submitted by developers to the NYC Department of Buildings. The complete Quarterly Construction Pipeline Report can be found here. For more information about REBNY research reports, visit go.rebny.com/Reports. # # #
March 31, 2023•
Press Release
Fourth straight month with fewer than 30 total filings citywide Amid the City’s housing supply crisis, the State Legislature continues to ignore or possibly cripple key proposals for increasing production NEW YORK, NY– The Real Estate Board of New York (REBNY) today released its March 2023 Multi-family Foundation Plan Application Report. Tracking data through March 29, this monthly report reviews applications for residential building foundations submitted by developers to the NYC Department of Buildings (DOB), providing a helpful indicator for upcoming housing production. The first quarter of 2023 has continued the trend of persistently low foundation activity that began in the second half of 2022 following the expiration of the 421a tax abatement program. According to the report, there were 24 new multi-family foundation filings in March 2023, representing a total of 792 proposed dwelling units. This marks the fourth straight month of fewer than 30 filings citywide. By comparison, there was an average of approximately 73 filings per month during the first half of 2022. There were 3 filings for a new building with more than 100 residential dwelling units in March, up from just one in each of the previous two months. These projects accounted for 364 proposed units, nearly half of the proposed units this month. This was the fourth month in a row with fewer than five large building filings. These three projects include one mixed income project that requires and will receive City subsidy to be built, and two likely condominium projects. Of note, the condominium project at 110 East 16th Street was the first project with more than 100 units in Manhattan with an initial foundation filing since 2022. As the housing pipeline continues to struggle, New York City also continues to face a worsening housing supply crisis. Experts have noted that the city needs 560,000 new apartments by 2030 just to keep pace with projected growth. While the Governor has proposed multiple housing initiatives, such as proposals to lift the 12 FAR cap or extend the completion deadline for 421-a projects, the State Legislature stripped these proposals from its one-house budget bills and some members have suggested not addressing housing in the budget at all. “There are just days left to decide the State budget, and this report is just one more reason why State legislators need to stop delaying and take steps to create more rental housing in New York City,” said REBNY Senior Vice President of Policy Zachary Steinberg. “It is long past time for lawmakers to treat the lack of rental housing as the crisis that it is.” The full March 2023 Multi-family Foundation Plan Application Report, including additional analysis on foundation applications broken out by building size and geography, can be downloaded here. REBNY’s monthly Multi-family Foundation Plan Application Report supplements the trade association’s quarterly Construction Pipeline Report, which tracks new building job filings for all new projects (office, retail, hospitality and multi-family). These job filings typically occur well before any substantive development work has started and many additional steps such as financing, plan review and amendments will still need to occur. By providing additional perspective on how many multi-family projects have filed foundation applications, the monthly report provides a more nuanced look at projects that may soon begin construction. For more information about REBNY research reports, visit //go.rebny.com/Reports. # # # ABOUT THE REAL ESTATE BOARD OF NEW YORK The Real Estate Board of New York (REBNY) is the City’s leading real estate trade association. Founded in 1896, REBNY represents commercial, residential, and institutional property owners, builders, managers, investors, brokers, and salespeople; banks, financial service companies, utilities, attorneys, architects, and contractors; corporations, co-partnerships, and individuals professionally interested in New York City real estate. REBNY conducts research on various civic matters including tax policy, city planning and zoning, rental conditions, land use policy, building codes, and other city, state, and federal legislation. REBNY regularly publishes market data, policy reports, and broker surveys. In addition, REBNY provides for its members: informational, technical, and technological resources; networking and charitable service opportunities; qualifying and continuing education courses; professional education programs, seminars, and designations; career-changing awards; legal advice; and a wide range of additional member benefits. For more information, please visitwww.rebny.com. MEDIA CONTACT: Chris Santarelli csantarelli@rebny.com (212) 616-5249
March 21, 2023•
Press Release
Third straight month with fewer than 30 total filings citywide Second straight month with just 1 filing for a building with 100+ units And yet – State Legislature recently proposed one-house budget bills that failed to include key proposals for increasing NYC housing production NEW YORK, NY– The Real Estate Board of New York (REBNY) today released its February 2023 Multi-family Foundation Plan Application Report. This monthly report reviews applications for residential building foundations submitted by developers to the NYC Department of Buildings (DOB), providing a helpful indicator for upcoming housing production. According to the report, there were 22 new multi-family foundation filings in February 2023, representing a total of 432 proposed dwelling units. This marks the third straight month of fewer than 30 filings citywide. By comparison, there was an average of approximately 73 filings per month during the first half of 2022. For the second straight month, there was only one filing for a new building with more than 100 residential dwelling units. That one filing – 134-55 45th Road in Long Island City—accounts for nearly 30% of all proposed new units from February filings. As the housing pipeline continues to struggle, New York City also continues to face a worsening housing supply crisis. Experts have noted that the City needs 560,000 new apartments by 2030 just to keep pace with projected growth. Even as this crisis gets even worse, the State Legislature notably did not take any substantive steps to increase New York City housing production in its recently introduced one-house budget bills. In fact, the Legislature failed to include a number of Governor Hochul’s housing proposals, such as proposals to lift the 12 FAR cap or extend the completion deadline for 421-a projects. “This data shows just how much worse the City’s housing crisis will become if we continue on the path laid out by the State Legislature’s one-house budget bills,” said REBNY Senior Vice President of Policy Zachary Steinberg. “If the State budget fails to include sensible housing policies, New Yorkers should not expect these dire housing production numbers to improve.” The full February 2023 Multi-family Foundation Plan Application Report, including additional analysis on foundation applications broken out by building size and geography, can be downloaded here. REBNY’s monthly Multi-family Foundation Plan Application Report supplements the trade association’s quarterly Construction Pipeline Report, which tracks new building job filings for all new projects (office, retail, hospitality and multi-family). These job filings typically occur well before any substantive development work has started and many additional steps such as financing, plan review and amendments will still need to occur. By providing additional perspective on how many multi-family projects have filed foundation applications, the monthly report report provides a more substantial projection for housing production. For more information about REBNY research reports, visit //go.rebny.com/Reports. # # # ABOUT THE REAL ESTATE BOARD OF NEW YORK The Real Estate Board of New York (REBNY) is the City’s leading real estate trade association. Founded in 1896, REBNY represents commercial, residential, and institutional property owners, builders, managers, investors, brokers, and salespeople; banks, financial service companies, utilities, attorneys, architects, and contractors; corporations, co-partnerships, and individuals professionally interested in New York City real estate. REBNY conducts research on various civic matters including tax policy, city planning and zoning, rental conditions, land use policy, building codes, and other city, state, and federal legislation. REBNY regularly publishes market data, policy reports, and broker surveys. In addition, REBNY provides for its members: informational, technical, and technological resources; networking and charitable service opportunities; qualifying and continuing education courses; professional education programs, seminars, and designations; career-changing awards; legal advice; and a wide range of additional member benefits. For more information, please visit www.rebny.com. MEDIA CONTACT: Chris Santarelli csantarelli@rebny.com (212) 616-5249
March 2, 2023•
Press Release
January Multi-Family Foundation Report Shows Anemic Outlook for New NYC Housing Development Amid Supply Crisis Report shows only 26 new multi-family foundation filings in January, including only one filing for a new project with more than 100 units, continuing trend from 2H 2022 NEW YORK, NY– As part of its ongoing monitoring of housing markets, the Real Estate Board of New York (REBNY) today released its latest Multi-family Foundation Plan Application Report. The January 2023 report reviews monthly applications for residential building foundations submitted by developers to the NYC Department of Buildings (DOB), providing a helpful indicator for upcoming housing production . According to the report, there were 26 new multi-family foundation filings in New York City in January 2023. This was a slight increase over the December 2022 total of 22 but still far behind the pace needed to address the City’s housing supply crisis. The report also showed that January’s foundation filings represented a total of 576 units. Of the 26 total filings, only one was for a large project that includes more than 100 units, which was a further decline below the four large project filings in December. The report showed that the first month of 2023 has continued the slow pace of activity seen during the second half of 2022. While there were 441 filings in the first six months of 2022, there were just 186 in the second half of the year following the expiration of 421-a. With 560,000 new housing units needed by 2030, this report highlights the significant housing supply challenges facing New York City. The full report can be downloaded here. The new report supplements REBNY’s longstanding Construction Pipeline Report, which tracks new building job filings for all new projects (office, retail, hospitality and multi-family). These job filings typically occur well before any substantive development work has started and many additional steps such as financing, plan review and amendments will still need to occur. By providing additional perspective on how many multi-family projects have filed foundation applications, this latest report provides a more substantial projection for housing production. “Governor Hochul has rightly set an ambitious goal of creating 800,000 new homes and this report is yet more evidence that we are far behind realizing this target,” said REBNY Senior Vice President of Policy Zachary Steinberg. “It is time for the State Legislature to step up with policy changes that will accomplish this task or the housing crisis will only continue to deepen.” The report released today includes additional analysis on foundation applications broken out by building size and geography. REBNY will continue monitor foundation filings to provide a better understanding of development activity. For more information about REBNY research reports, visit //go.rebny.com/Reports. # # # ABOUT THE REAL ESTATE BOARD OF NEW YORK The Real Estate Board of New York (REBNY) is the City’s leading real estate trade association. Founded in 1896, REBNY represents commercial, residential, and institutional property owners, builders, managers, investors, brokers, and salespeople; banks, financial service companies, utilities, attorneys, architects, and contractors; corporations, co-partnerships, and individuals professionally interested in New York City real estate. REBNY conducts research on various civic matters including tax policy, city planning and zoning, rental conditions, land use policy, building codes, and other city, state, and federal legislation. REBNY regularly publishes market data, policy reports, and broker surveys. In addition, REBNY provides for its members: informational, technical, and technological resources; networking and charitable service opportunities; qualifying and continuing education courses; professional education programs, seminars, and designations; career-changing awards; legal advice; and a wide range of additional member benefits. For more information, please visit www.rebny.com.
February 27, 2023•
Press Release
Preliminary Analysis of Placer.ai Location Data Reveals Average Visitation Rates in 2022 Across 250 Manhattan Office Buildings Surpassed 60% of 2019 levels Data Analysis Also Highlights Much Stronger Activity in Class A Office Buildings Compared to Other Buildings New York, NY – Amid ongoing public discussions about how to assess New York City’s return-to-office progress, the Real Estate Board of New York (REBNY) today released a preliminary analysis of Placer.ai location data in 250 Manhattan office buildings. The report highlights the wide variation in building performance and stronger momentum among Class A office buildings in 2022. Find the full report here. Among other findings, the analysis of Placer.ai location data in 250 Manhattan office buildings indicates: Average building visitation rates in 2022 surpassed 60% of pre-pandemic baselines. In nearly two-thirds of buildings, average visitation rates in 2022 surpassed 50% of pre-pandemic baselines. Class A office buildings demonstrated stronger levels of activity (66.3% average visitation rate) in comparison to Class B office buildings (53.6% average visitation rate). Visitation rates also vary by building location and tenant mix. These results are notable because a number of other publicly cited data sources – such as Kastle’s “Back to Work Barometer” and the Partnership for New York City’s Return to Office Surveys – have not specifically accounted for the significant differences between levels of activity in Class A office buildings compared to other office buildings. “As the office sector continues to evolve in the wake of the pandemic, it is critical to gain a nuanced understanding of how building visitation trends are playing out in different segments of the market,” said Keith DeCoster, Director of Market Data and Policy for REBNY. “Based on our initial analysis of location data from Placer.ai we have found that building visitation rates range widely from a single market median or average. The data reveals important dynamics in the market that must be more closely analyzed.” In this report REBNY looked at location analytics from Placer.ai for 250 office buildings in 2019, 2021 and 2022. The office buildings analyzed in the report represent a diverse sample of office building classes in New York City, in Midtown, Midtown South and Downtown submarkets. They have a combined square footage of 180 MSF, representing roughly one-third of Manhattan’s office stock. A vibrant office sector is essential for New York City’s economy and its global competitiveness in industries ranging from finance and fashion to technology and media. Pre-pandemic the 1.0-million-plus office workers that commuted on a daily basis supported thousands of small retail businesses in core office districts. Finally, the office sector has historically been a core component of New York City’s tax base, in many years generating billions of dollars in taxes. As the balance between work from home and return to office continues to unfold, real estate industry leaders, researchers and civic leaders will continue to look for more detailed data to inform their strategies and decisions. # # # ABOUT THE REAL ESTATE BOARD OF NEW YORK The Real Estate Board of New York (REBNY) is the City’s leading real estate trade association. Founded in 1896, REBNY represents commercial, residential, and institutional property owners, builders, managers, investors, brokers, and salespeople; banks, financial service companies, utilities, attorneys, architects, and contractors; corporations, co-partnerships, and individuals professionally interested in New York City real estate. REBNY conducts research on various civic matters including tax policy, city planning and zoning, rental conditions, land use policy, building codes, and other city, state, and federal legislation. REBNY regularly publishes market data, policy reports, and broker surveys. In addition, REBNY provides for its members: informational, technical, and technological resources; networking and charitable service opportunities; qualifying and continuing education courses; professional education programs, seminars, and designations; career-changing awards; legal advice; and a wide range of additional member benefits. For more information, please visit www.rebny.com. PREV
NEXT
© 2023 REBNY
Terms of Use
Contact Us
Privacy Policy
Membership
Become a Member Member Directory Residential Listing Service (RLS)
Events & Education
Upcoming Events Industry Education Sponsorships REBNY Awards
Other
Careers FAQ
Press Releases | Rebny
Member Resources
Events & Education
News & Media
About
MY ACCOUNT
For more than 125 years, REBNY has been the foremost voice of the industry , representing the City’s agents and broker s; building owners, managers and developers; and an increasingly diverse array of other professionals involved in real estate throughout the five boroughs.
We support our members by providing the real-time resources, services and information needed to help you and your teams do business in the City that never sleeps.
We connect our members through committees, events and other programming that celebrates industry leadership while helping you maintain and expand your professional network.
We advocate for our members by working with government officials and other stakeholders to promote sensible policies that strengthen the City’s economy and foster a healthy business environment.
Who Our Members Are REBNY members don’t just know real estate – they know NYC .
And just as the City keeps on growing, so does our membership – with active professionals from all sectors of the industry , from diverse backgrounds and from all stages of their careers.
That’s why our team works tirelessly to ensure members stay on top of the issues that matter most, whether it means helping members connect to co-broke the next big deal or getting out in front of regulatory changes that impact building management across the City – or everything in between.
15,000
NYC real estate professionals
810
Brokerage firms
240
Building owners, developers and management firms
We operate more than 69 member-led committees that convene frequently to discuss the most important issues affecting residential broker s and agents, commercial broker s and sale speople, owners and managers and other industry professionals.
REBNY committees are where the brightest minds in New York City real estate come together to hammer out new ideas, shape best practices for the industry and analyze key public policies.
The Board of Governors is REBNY ’s central governing body and it is comprised of leaders from prominent firms across each sector of the membership. The Board charts the course for REBNY ’s current and future operations in coordination with REBNY ’s Chair, staff and other committees.
© 2023 REBNY
Terms of Use
Contact Us
Privacy Policy
Membership
Become a Member Member Directory Residential Listing Service (RLS)
Events & Education
Upcoming Events Industry Education Sponsorships REBNY Awards
Other
Careers FAQ
About REBNY | Rebny
Home
Home > Directory
If you are a REBNY member looking for contact information, please log in and return to the directory.
Skyline Properties Robert Khodadadian’s Personal Website
Skyline Properties main focus is to seek out “quiet deals”. These deals are off-market transactions designed to provide the seller with complete discretion and the buyer with a valuable asset. Skyline control’s and negotiates every stage of the deal, producing win-win transactions causing both the sellers and buyer s alike to repeatedly return to Skyline Properties to sell and purchase additional assets.
Skyline Properties handles many different property types, including commercial buildings , apartment buildings , townhouses , mixed use investment building, mixed use user buildings , live plus income buildings , industrial properties and development sites. Our staff is experienced in representing properties of all values and are expert in meeting the needs of the most demanding clients.
Partnerships & Advertisers Stay Connected 570 Lexington Avenue New York , New York 10022
www.rebny.com/content/rebny/en/directory/member.html/28931827.html
