Will Silverman of Studley Headlines Ivy Family Office New York City Luncheon
December 10, 2013

Will Silverman

The Ivy Family Office Network hosted its December 2014 Single Family Office Real Estate Luncheon on December 5th with a discussion on “The 2014 New York Real Estate Market” led by Will Silverman of Studley.

According to Mr. Silverman, “For conservative long term investors, the safest and most appropriate place to invest in New York has historically been the Multi-Family marketplace. It is the only New York asset class where supply actually contracts - when the market is frothy and condo conversions occur. A more aggressive approach is in retail locations that have become legitimized by national chains. Those rents tend to move more dramatically than in any other asset class. Identifying the next locations that will come into favor is a massive opportunity.”

Moreover, “The big question for 2014 is whether the super high end condo market have enough depth for the increasing number of projects targeting this audience? People often wonder if we're building 1500 units for the same 150 buyers. There might be some truth to that, especially as some secondary locations attempt to attract prices only seen to date at premier projects."

Mr. Silverman is Senior Managing Director of the Capital Transactions Group of Studley in New York. During his tenure, Mr. Silverman has closed approximately $4.0 billion of sale transactions comprising more than 10 million square feet. Notable transactions include twice selling an office building at 100-104 Fifth Avenue, three times selling a retail condo at 465 Broadway and the sale of multiple development parcels, including 432 Park Avenue and 400 Park Avenue South.

Will Silverman of Studley Headlines Ivy Family Office New York City Luncheon

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