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Posted: May 16, 2023
2023 Ones to Watch Rising Stars: Stephen Vorvolakos, Ariel Property Advisors
Director - Investment Sales
Ariel Property Advisors
Number of years at firm: 5
One thing on my bucket list: Being successful enough in this industry to buy my family a vacation home in the US Virgin Islands in the Caribbean.
When I am not working, I am: Scouring the five boroughs in search of the best chicken parm in NYC.
What recent project, transaction or accomplishment are you most proud of? Over the course of my career, I’ve been involved in the valuation of over $1.5 billion in properties, participated in the sale of over 40 transactions valued at over $360 million and have an additional $20 million in contract. My recent significant transactions with the Brooklyn team include selling a 142,500 s/f development site at 450 Union St. for $40.65 million or $285 per s/f, a record for a site with an MIH requirement in the recently rezoned Gowanus neighborhood, and closing on a five-story, 5,483 s/f multifamily building at 170 Clinton St. in Brooklyn Heights for $4.75 million.
What makes this nominee a RISING STAR?
“Stephen’s exceptional talent for identifying and seizing opportunities in a fiercely competitive market has made him a shining star in the commercial real estate world. As a key member of the Ariel team since 2018, he has already made an indelible impact in Brooklyn and the greater NY area.” - Paul McCormick, Partner, Sales Management at Ariel Property Advisors
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