The Real Deal New York

The young and the restless: Newbie investors find creative ways into business

April 18, 2012 10:30AM
By Katherine Clarke

From left: Robert Morgenstern and Jeffrey Kaye of Stone Street Properties at 11 Cornelia Street, which they recently purchased

From the April issueInvesting in real estate can be daunting, especially in the unpredictable post-Lehman market. And the strategy favored by new investors in the mid-2000s — ground-up condo construction projects — is now viewed as extremely risky.

But newcomers to the world of New York real estate investment — especially those with some prior industry experience — are nonetheless finding creative ways to carve out a toehold in the business. [more]