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Bestreich Realty Group Hires Zachary Ziskin To Lead Firm’s Lower Manhattan Sales Team

Bestreich Realty Group (BRG), a leading NYC investment sales firm with a historic focus on Brooklyn, announced that Zachary Ziskin has joined as a senior associate who will lead the firm’s lower Manhattan team in the sale of mixed-use, multifamily and retail transactions. […]

April 2016: Brooklyn Investor Update

Derek is seeing Brooklyn continue to benefit from a major upscaling; virtually every block is evolving, thanks to various degrees of construction or renovation, with the goal of properties turning “nicer” (read: sellable). There are about 20,000 units of new construction currently in the pipeline and, although nobody can track and quantify the number of actual units being renovated or gutted, Derek is watching closely to determine how that demand will evolve and how the properties will get absorbed. Should be interesting: people are continuing to move to Brooklyn in record numbers and the gold rush continues. […]

Are You Closing Your Deal Without A Broker? Read This First.

Derek may be a bit biased on this topic, but he does make a point worth pondering: in real estate, there are low barriers to entry (anyone can get their real estate license), but there are high barriers to success. With the right kind of charm and personality, it’s easy for salespeople to disguise themselves as [...]

Is Your Property At Its Highest And Best Use?

A significant trend in 2016: an intense interest in free-market buildings, specifically properties with development components and air rights. The objective: to maximize property value to its highest and best use. Derek and Adam see that the demand for rent-stabilized properties is still strong, but, due to politics, that game has become more complicated and burdensome. As a result, investors’ heads are turning toward smaller buildings (even some as modest as three units), especially if they feature air rights and/or the potential for development. […]

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