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Slate Isn’t Letting Up on New York Apartment Purchases

Firm Factors End of 421-a Tax Program Into Decision To Buy 100% Market-Rate Rental Buildings
Slate Property Group bought two multifamily buildings in New York, including 123 E. 54th St. for $37.7 million. (Jacob Mollohan/CoStar)
Slate Property Group bought two multifamily buildings in New York, including 123 E. 54th St. for $37.7 million. (Jacob Mollohan/CoStar)
CoStar News
November 19, 2022 | 4:47 P.M.

Even amid some signs the red-hot housing market in New York may be cooling, real estate developer and owner Slate Property Group recently closed two multifamily-related purchases, one each in Manhattan and Brooklyn.

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News | Slate Isn’t Letting Up on New York Apartment Purchases