Keith Rubenstein

Tell us about a deal that did NOT go through this year and why it didn’t happen?

We were under contract to sell one of our apartment properties. After a long diligence period, and due to the volatility in the debt market, the buyer canceled the contract.

Have you refinanced anything in 2022? How difficult/easy was it?

Have not.

There’s a lot of Class B and C office in NYC. If you could lay your hands on them at a really great price, what would you do with them?

I would demolish them and then partner with big, cash-rich tech companies to build the new age of New York City Housing Authority housing and build proper places for people to live.

What market outside of NYC do you like and why?

Hudson Valley and the Catskills. Perfect setting for destination wellness-based travel.

There’s a midterm election this year. How closely are you following, and do you think the national political climate will have an effect in New York?

Not so focused on it.

How many days per week are you in the office?

Five.

How many days per week are your tenants in the office?

What tenants?

NYC apartment rents have reached never seen levels. How much further can it go? How does the housing squeeze play out?

Not sure.

ESG: fad or fixture?

Not sure.

Class quote

“It’s a very hard job and very difficult to succeed.”