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Posted: December 22, 2014
Yisroel Pershin, GFI Realty Services, Inc.
What was the best thing that happened to you or your firm in 2014?
Over the past year, we've shown our strength and resiliency as a company. What really sets us apart is our talent and relationships with prominent real estate investment groups. I've enjoyed working hand-in-hand with some of our key brokers here at GFI, and have successfully executed many notable transactions.
What was your most notable project, deal, transaction or personal achievement in 2014?
Our sale of a 102-unit luxury apartment building at 1125 Banner Ave. in Sheepshead Bay is one deal that stands out in my mind. We were able to attract a buyer that purchased the property for $39.5 million. This transaction speaks to both the strength of the Brooklyn rental market, as well as its desirability from both investors and tenants.
What are you looking forward to accomplishing in 2015?
Coming out of an extremely successful year, I think 2015 will bring new opportunities to increase our sales volume. I look forward to expanding our reach in new and emerging neighborhoods, as well as continuing to complete multifamily transactions in Brooklyn, Queens and Manhattan.
What are some of your real estate predictions for 2015?
We are bullish on the Upper Manhattan multifamily market going into Q1 of 2015. Foreign capital and low interest rates will continue to drive the market, which will create a competitive landscape for investors. We see this as an opportunity for our clients to capitalize on opportunities. Some of the more notable areas on the rise include Harlem (i.e. Hamilton Heights), Prospect Lefferts Gardens and Ditmas Park.
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