National Real Estate Investor | May 1, 2018
By Mary Diduch
Michael Weiser, president of GFI Realty Services, a New York-based brokerage firm that focuses on multifamily and mixed-use properties in the New York region, says the first quarter of the year was a strong one for his firm. Last year, GFI closed roughly half the sales transactions it in 2016. After the first quarter of 2018, the firm has around $200 million in closed deals, on track to reach its typical $800 million annual total.
Uncertainty related to tax reform has also lifted, at least for the medium term: “I think that’s allowed people to suddenly say, ‘Let’s transact again,’” Weiser says. Investors also know that interest rates have risen and expect that they will likely rise further, he adds.
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