Multifamily Residential

The recent changes to New York City rent regulation laws had a far-reaching impact on residential real estate values.  Multifamily appraisals account for these new laws in the valuation of both market rent and rent regulated apartment buildings.  Multiple approaches are generally considered, with direct capitalization utilized for stabilized, cash flowing properties and a discounted cash flow constructed to account for proposed renovations, lease-up, and other fluctuations in cash flow.