News: Brokerage

Rubin Isakharov CEO/Co-founder Falco & Isak Realty Services

Name: Rubin Isakharov Title: CEO/Co-Founder Company: Falco & Isak Realty Services Location: Queens, N.Y. Birthplace and year: Brooklyn, N.Y., 1980 Family: Single College: Baruch College First job outside of real estate: Always worked in real estate First job in real estate or allied field: Clockwise Realty Inc., Forest Hills, N.Y. What do you do now and what are you planning for the future? I sell commercial/investment real estate in Queens and plan to grow my firm to a strong group of highly knowledgeable commercial R.E. professionals and to be the #1 Queens commercial R.E. firm. Hobbies: Workout, travel and reading Favorite book: "The DaVinci Code" Favorite movie: "Wall Street" Person you admire most (outside of family): I know it says "outside of family", but it has to be my father. He taught me many aspects of the real estate business and to always reach for your goals. Keys to success: Start your day early, while other people are still sleeping.Work smart. Set achievable goals and strive to meet them, be active in the community you work in and the most important key to success is to be honest and straightforward, no matter the situation. If you had to choose another vocation what would it be? A lawyer
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NYSCAR June 2026 president’s message - by Mercedes Brien

As I write this letter, we are preparing to be at the Annual Conference being held at the Rivers Casino, Schenectady, New York. I look forward to reporting on the conference in my next letter. We have some great courses coming up via Zoom. Please be sure to keep watch on upcoming courses by visiting nyscar.org/resources and tools/professional development.
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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
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.
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,