Isak forms new firm: Goldenwood Property Advisors

Rubin Isak, Goldenwood Property Advisors

New York, NY Commercial real estate broker, Rubin Isak has formed a new investment building sales firm, Goldenwood Property Advisors.

Isak was most recently founding partner and chief executive officer of Falco & Isak Realty Services where he specialized in the sale of investment property, primarily in Queens and Manhattan. Isak has been involved with the sale of over $300 million in transactions in the city since 2006. Prior to co-founding Falco & Isak, Isak worked as director of sales at Massey Knakal Realty Services. (now Cushman & Wakefield/TPG/DTZ)

“I am starting Goldenwood Property Advisors because I strongly believe in the investment building sales market in Manhattan and the outer boroughs. Together, with our unique block-by-block platform, we will continue to make a strong impact on the New York investment sales market.” said Isak. “We have a simple platform; we only do three things:

• We only sell investment property;

• We only represent sellers exclusively; and

• We work on a neighborhood system, with one broker handling a specific neighborhood for us.

We feel this platform will make sure sellers achieve maximum dollar, on every transaction, in any neighborhood.”

Some of Rubin Isak’s most recent and notable transactions include: The three-building, 30-unit, West 76th Street portfolio in The Upper West Side that he sold together with Goldenwood’s Director of Sales, Alex Isak, for $15,500,000; equivalent to a 2.5% capitalization rate. Also, the sale of 2101-2119 31st Street, in Astoria, a one-story, 9-store retail strip center with 225 ft. of frontage, for $16,050,000; roughly a 2.65% capitalization rate.

Isak said, “Our complete loyalty to sellers of commercial and investment property will set us apart in the industry. Our mission statement is clear, ‘Goldenwood Property Advisors is a firm that thrives on professionalism and excellence. A place of honesty, integrity, respect and strong ethics. We are fully committed to exclusively representing owners of investment property; always putting their interests first. Our main objective will always be making sure our sellers never leave any money on the table.’ We will seek to recruit talent who exemplify our values and core beliefs.”

The new firm has opened a Queens office in the Studio Square area of Astoria as well as an office in Manhattan’s Bryant Park area.