Third Quarter 2026 · By Invitation
Building Owner Luncheon
Thursday, September 17, 2026 · 12:00–2:00pm
Union League Club · 38 East 37th Street
SW corner of Park Avenue & 37th Street
Lunch will be served · Business attire
RSVP to Attend
Our quarterly Building Owner Luncheon brings Manhattan building owners together
with the team and invited specialists for a candid discussion of the market, the regulatory picture, and the
mechanics of a sale. Attendance is by invitation and seating is limited.
Presentation Topics
- NYC Market — What is the state of the market after nine months of Mayor Mamdani? How should a building owner with historic rent regulation prepare for a sale?
- Economic Outlook — When will cap rates return to 2014–2016 levels? What factors will affect real estate values in the near and long term, and where are we headed?
- Rent Regulation — What is “clean deregulation paperwork”? How best to protect a long-term owned building’s value if the paperwork is incomplete, and what are best pre-sale practices?
- 1031 Exchanges — The leading tax-deferral strategy for building owners who sell: how to exit NYC without surrendering the gain to capital gains taxes.
- Net-Leased Properties — The reinvestment profile at the opposite end of the management spectrum from an NYC building: steady cash flow without the operating load.
- Estate Planning — You’ve built it, now protect it. The most effective strategies for preserving building-owner wealth and leaving heirs in the strongest position.
Speakers

John J. Stewart
Senior Managing Director
Stewart Group of Marcus & Millichap

J.D. Parker
Executive Vice President, Chief Operating Officer
Marcus & Millichap

Kara Rakowski, Esq.
Partner
Belkin Burden Goldman, LLP

Todd Pajonas, Esq.
President
Legal 1031 Exchange

Russ Wachtler
Senior Managing Director
Surmount

Michael Landsman, Esq.
Partner
Falcon Rappaport & Berkman LLP
To be added to the invitation list for future luncheons, sign up for email updates or reach out directly.
Sign Up for Email Updates
Contact Us
Market Insights
Charts and notes from our live Manhattan sales data — published straight from the team’s research desk.