New York City Renaissance with Arthur Rosenfield – Episode 121
While the pandemic has caused temporary disruption in the New York City real estate market, many experts are agreeing that the future of real estate in the City is bright and the current status of the market is rife with opportunity for investors. On this episode, Mona and Mark are joined by Arthur Rosenfield, Founder and President of the Long Island City / Astoria Chamber of Commerce and President and CEO of the National Realty Club, to discuss the current state of the market in the wake of the pandemic and the coming renaissance of the real estate market in the most resilient city in the world. Listen in to hear how real estate investors are looking at the New York City market for opportunities in anticipation of a strong rebound.
Arthur Rosenfield is a seasoned entrepreneur and business executive with 40 years substantial experience in investments and real estate transactions. He is the Founder and President of the Long Island City / Astoria Chamber of Commerce with a Board of Directors comprised of successful immigrant entrepreneurs from 30 countries and the President and CEO of the National Realty Club, an organization of VIP’s in Real Estate founded in 1947. He has a background in M&A and private consulting, and he currently focuses on transformative growth opportunities and disruptive innovations in the real estate industry.
While the COVID-19 pandemic has affected cities across the nation, none was more impacted than New York City. As the City continues to heal and recuperate from the devastating blow dealt by the virus, the real estate market has endured tumultuous fluctuations. However, many experts are pointing to the current climate as a temporary low and encouraging investors to take advantage of distressed deals before the revival of the market begins.