NYC Opportunity Zones 2027: New Map, Tax Benefits and Real Estate Investment Opportunities
New York City commercial real estate investors have a new set of federal tax incentives to consider beginning in 2027. With 210 census tracts across the five boroughs newly designated as Qualified Opportunity Zones, the updated program could influence investment activity, development financing, and demand...
NYC COPA Update 2026: City Council Passes Community Opportunity to Purchase Act
New York City multifamily property owners could soon face additional requirements when selling certain residential buildings. On October 22, 2026, the New York City Council passed a revised version of the Community Opportunity to Purchase Act (COPA), legislation that would give qualified nonprofit organizations the...
City of Yes Unlocks Hidden Value in NYC's Churches and Community Facility Buildings
One of the most significant, yet often overlooked, provisions of New York City's City of Yes for Housing Opportunity zoning reforms is the elimination of the Dwelling Unit Factor (DUF) for qualifying conversions of community facility buildings to residential use.
$18MM for a Development Site in MSMX
Recently, a small two-story retail building at 28-30 West 37th Street, which is situated on a 49’ x 100’ lot in the MSMX rezoning, sold for $18MM. Prior to the rezoning, this building/land would have been worth $5MM on a good day. Now, its value...
What is the Price of Land in MSMX
This past week, a small single-story retail building situated on a 25’ x 100’ lot sold for $10MM. Typically, pricing at this level for retail assets is reserved for markets like SoHo or the Upper East Side. In this case, however, a developer took a...
1165 Broadway Sells for $56MM
The $56 million sale of 1165 Broadway highlights strong investor demand for NoMad properties with credit retail income and long-term redevelopment potential under the new MSMX zoning, despite landmark constraints.
Conversions within the Midtown South Mixed-Use Plan (MSMX) are Underway
The sale of 254 West 35th Street is notable both for its pricing jump and for what it signals about post-rezoning feasibility in Midtown South Mixed-Use Plan (MSMX).
COPA (Intro 902): A Direct Threat to NYC’s Multifamily Investment Sales Market
As brokers who advise owners, sellers, landlords, developers, and investors across the five boroughs, we’ve seen policy swings before — but nothing as disruptive to the actual functioning of the investment-sales market as the proposed Community Opportunity to Purchase Act (COPA), also known as Intro...
The First Sale in the New MSMX Zoning
1181 Broadway — better known as the Baudouine Building — recently sold for $24 million, or approximately $875 per square foot. This represents the higher end of prices achieved for an office property in Midtown South, especially as much of the broader office market remains...
Midtown South Mixed-Use Plan
The Midtown South Mixed-Use Plan (MSMX) is a city-led initiative designed to address New York’s ongoing housing shortage by repurposing office buildings to residential use. The current zoning in the sub-districts (see map) only allows commercial uses as-of-right. The MSMX plan allows those areas to...
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