Apprise by Walker & Dunlop announced today that it expanded its presence within New York City, appointing Jonathan Chambre, MAI as senior director. Chambre possesses more than 15 years of commercial real estate experience and will spearhead Apprise’s initiatives in one of the nation’s most complex and dynamic multifamily markets.

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Jonathan Chambre

The update comes as the New York City market continues to respond to notable changes in the multifamily sector, driven by regulatory shifts, zoning changes, and market dynamics with far-reaching implications for lenders, developers, and operators.

Notable Developments Impacting Valuations in NYC:

• City of Yes: Largest change to the NYC zoning code in many years that has increased flexibility and aims to encourage the development of affordable housing.
• 485x: New property tax incentive (replacing the previously expired 421a), aimed at encouraging development of mixed-income projects and has changed development considerations for many sites.
• Rent Stabilization: Laws that limit rent increases and provide statutory tenant protection. Minor 2024 changes had little impact toward reversing trends since major changes were enacted in 2019.
• Good Cause Eviction: A recent law that has expanded tenant protections to previously unregulated units, with staged applicability based on construction year.
• Local Law 97: NYC climate law, potentially subjecting buildings to fines for failing to reduce emissions. The first compliance deadline passed in 2024, but most properties received compliance extensions, with stricter standards pending in 2029.

These evolving dynamics highlight why credible, timely appraisals are critical in the Big Apple. Beyond traditional measures such as capitalization rates or overall value, appraisals must account for layers of regulation, density-driven demand, neighborhood-specific conditions, and investor sentiment unique to the city.

“New York City is unlike any other multifamily market,” said Chambre, senior director at Apprise by Walker & Dunlop. “Navigating its complexities requires an appraisal approach that is both data-driven and deeply rooted in local expertise. I am thrilled to join Apprise and provide clients with timely, insightful appraisals to guide decisions in the evolving market.”

Walker & Dunlop continues to maintain a strong presence in New York City with dedicated teams across capital markets, investment sales, investment banking, and research. The additional five-borough expansion further strengthens this footprint, delivering localized expertise and real-time insights to clients across the New York market.

Prior to joining Apprise, Mr. Chambre held leadership roles at JLL and Metropolitan Valuation Services, where he handled valuations of large and complex properties and was active in the mentoring of junior colleagues. He is a designated member of the Appraisal Institute and holds degrees from Yeshiva College and NYU’s Schack Institute of Real Estate.

This strategic expansion signals Apprise’s commitment to strengthen its ability to serve clients in New York City with the local insight, regulatory expertise, and valuation analysis required in one of the most closely watched real estate markets in the world. Apprise is active nationwide with over 100 professionals on staff.

Launched by Walker & Dunlop, Apprise is focused exclusively on the U.S. market and has a collective track record of valuing over $350+ billion worth of commercial real estate properties to date. Serving a client base that includes GSE lenders, owners/operators, banks, and institutional lenders, the Apprise team specializes in providing valuation insights and data analytics, as well as regulatory-compliant appraisals and consulting engagements for multifamily/commercial assets.

Apprise is also the winner of the 2025 Proptech “Overall PropTech Company of the Year” award and the 2025 Multifamily Executive “Best Use of Proptech” award.

About Walker & Dunlop

Walker & Dunlop (NYSE: WD) is one of the largest commercial real estate finance and advisory services firms in the United States and internationally. Our ideas and capital create communities where people live, work, shop, and play. Our innovative people, breadth of our brand, and our technological capabilities make us one of the most insightful and client-focused firms in the commercial real estate industry.

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