News: Brokerage

Eshaghoff joins The Brooklyn Bank

Brooklyn, NY Developer and managing principal of West Egg Development, Sam Eshaghoff, has joined The Brooklyn Bank, a nonprofit organization in Bedford-Stuyvesant focused on giving the local community the tools they need to escape poverty.

Eshaghoff is part of the executive team at The Brooklyn Bank, where they organize financial literacy programs, seminars, community events, and tax clinics aimed at helping disenfranchised minorities achieve financial freedom. For many real estate players, the business is not just about making money and developing buildings: It’s about making an impact on the community and adding to people’s lives.

Eshaghoff has become engrained in the neighborhoods in which he works. His day job is to develop buildings, and he is changing the streetscape of neighborhoods like Bedford-Stuyvesant and East Flatbush, which are predominated by minorities and underserved communities.

In his years in the field, and from walking the streets of Brooklyn on a daily basis, Eshaghoff feels like he has become part of the community. “I came here as an investor, but my relationship with the people in Brooklyn has transformed into much more. I feel like I owe it to the community to not only develop great places for its people to live and work, but I have a duty to help the people in the community however I can,” said Eshaghoff.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
A fresh start - by Shallini Mehra and Amit Doshi

A fresh start - by Shallini Mehra and Amit Doshi

For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver

New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,
Strategic pause - by Shallini Mehra and Chirag Doshi

Strategic pause - by Shallini Mehra and Chirag Doshi

Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent