News: Spotlight Content

2018 Ones to Watch: Orry Michael, Senior Associate at Ariel Property Advisors

Name: Orry Michael

Title: Senior Associate

Company: Ariel Property Advisors

Address: 122 East 42nd Street, Suite 2405, New York, NY 10168

Year that you entered your current field? May, 2016

How did you get your start in your current field? 

I have always had an entrepreneurial mindset. I learned from my grandfather, who started his own business in Israel in the 1960s, how to take calculated risks, and how accepting failure can ultimately lead to one’s success. 

I received a B.A. in anthropology from Johns Hopkins University, with a focus on Urban Studies. This encouraged me to pursue an M.S. in Real Estate Finance & Development from the university’s Carey School of Business. In commercial real estate, connections are everything and a former colleague introduced me to the partners at Ariel Property Advisors. The rest is history.

Who or what do you attribute to your success? 

Being an athlete for nearly my entire life has been the main driver of my success thus far. Playing football and lacrosse in high school for a national sports powerhouse, Don Bosco Prep and Division-1 Lacrosse for Johns Hopkins University, trained me to be a fierce competitor. It also taught me how to deal with adversity and be an all-around team player. I try to emulate the habits I learned on-and-off the field from my coaches and family. That is, to lead by example, block out the white noise, and bring my all to the job every day. 

How do you motivate or inspire your colleagues? 

For me, focusing on principles, character and leading by example are the best way to motivate/inspire my colleagues, especially the younger ones. It’s important to set high expectations and communicate to them that you believe in their ability. I try to challenge them to go beyond the status quo and not take the “easy” way out as it builds strength and increases their confidence. I take the time to get to know my colleagues and always give them credit whenever deserved. I always put my team ahead of myself because when they shine, we all end up winning.  

What are your professional goals for 2018? 

My goals for 2018 are to continue helping my team (Northern Manhattan) gain market share throughout this rapidly growing sub-market, and to create a larger presence in areas such as Hamilton Heights. Running an efficient execution process on listings and being able to manage clients are the most important aspects of getting deals across the finish line and something that I take great pride in. The results have certainly been fruitful. Since starting in the business two years ago, I have been directly involved with the origination, underwriting, marketing and sale of over 20 properties with an aggregate value of over $300 million. 

MORE FROM Spotlight Content

Over half of Long Island towns vote to exceed the tax cap - Here’s how owners can respond - by Brad and Sean Cronin

When New York permanently adopted the 2% property tax cap more than a decade ago, many owners hoped it would finally end the relentless climb in tax bills. But in the last couple of years, that “cap” has started to look more like a speed bump. Property owners are seeing taxes increase even when an
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
The strategy of co-op busting in commercial real estate - by Robert Khodadadian

The strategy of co-op busting in commercial real estate - by Robert Khodadadian

In New York City’s competitive real estate market, particularly in prime neighborhoods like Midtown Manhattan, investors are constantly seeking new ways to unlock property value. One such strategy — often overlooked but
Oldies but goodies:  The value of long-term ownership in rent-stabilized assets - by Shallini Mehra

Oldies but goodies: The value of long-term ownership in rent-stabilized assets - by Shallini Mehra

Active investors seeking rent-stabilized properties often gravitate toward buildings that have been held under long-term ownership — and for good reasons. These properties tend to be well-maintained, both physically and operationally, offering a level of stability
How much power does the NYC mayor really have over real estate policy? - by Ron Cohen

How much power does the NYC mayor really have over real estate policy? - by Ron Cohen

The mayor of New York City holds significant influence over real estate policy — but not absolute legislative power. Here’s how it breaks down:

Formal Legislative Role

Limited direct lawmaking power: The NYC Council is the primary
Properly serving a lien law Section 59 Demand - by Bret McCabe

Properly serving a lien law Section 59 Demand - by Bret McCabe

Many attorneys operating within the construction space are familiar with the provisions of New York Lien Law, which allow for the discharge of a Mechanic’s Lien in the event the lienor does not commence an action to enforce following the service of a “Section 59 Demand”.