125. NYC Multifamily at a Crossroads | Kenny Burgos on Rent Stabilization, HSTPA & Housing Policy

125. NYC Multifamily at a Crossroads | Kenny Burgos on Rent Stabilization, HSTPA & Housing Policy

From Coffee & Cap Rates: Commercial Real Estate Podcast by Ariel Property Advisors

May 12, 2026 · 31 min · Episode 125

About this episode

Shimon Shkury interviews Kenny Burgos about the challenges in NYC's multifamily housing market and the impact of recent housing policies.

In this episode of Coffee & Cap Rates, Shimon Shkury sits down with Kenny Burgos, CEO of the New York Apartment Association, to discuss the current state of New York City’s multifamily housing market and the growing challenges facing the rent-stabilized sector. The conversation takes a deep dive into the long-term effects of the 2019 Housing Stability and Tenant Protection Act (HSTPA), including vacancy control, rising operating costs, capital constraints, declining valuations, and afford...

People in this episode

Host: Shimon Shkury

Guest: Kenny Burgos

Topics covered

  • NYC multifamily housing
  • rent stabilization
  • HSTPA
  • housing policy
  • operating costs
  • capital constraints

Keywords

  • multifamily housing
  • rent stabilization
  • HSTPA
  • New York City
  • housing policy
  • operating costs
  • capital constraints

Mentioned in this episode

Organizations: New York Apartment Association

Places: New York City

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