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Joe Koicim

Partner

(212) 430-5147
jkoicim@mmreis.com

260 Madison Avenue 5th Floor, New York, NY 10016

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Joe's Q&A

What is Your Favorite Movie?

Rounders

01

What is You Favorite Book?

Open: An Autobiography by Andre Agassi

02

What are the top things you enjoy most about working in this business and on the NYM team?

Mentoring & hanging with the younger brokers on the team. I enjoy the camaraderie amongst all team members. Everyday is different. Meeting new people. Creating new relationships with clients which lead to more business opportunities.

03

Professional History

Joe Koicim is a top-producing investments sales broker in the Manhattan Marcus & Millichap office, specializing in the sale of multifamily and mixed-use assets. As Executive Managing Director of Marcus & Millichap’s National Multi Housing Group, co-leading the New York Multifamily group Joe focuses on bringing new capital and investment into both established and emerging New York City submarkets. Joe and his team consistently sell approximately 100 buildings annually and he has personally been responsible for over $5 billion dollars of sales in his career. Since starting his career in 2004, private investors, institutional funds, foreign entities, and nonprofit organizations consistently seek Joe’s high-level of expertise to provide them with access to lucrative buying and selling opportunities.

Joe is held in the highest esteem as a true leader in the New York City investment sales world, considered the most active broker in the multifamily marketplace. Joe has been quoted in many trade journals and was featured on The Stoler Report: Real Estate Trends for his insight on Manhattan’s real estate investment sales market. He is the Chair of the UJA Real Estate Executives (REX) organization, a founding member of YJP Real Estate and an active member of the Community Housing Improvement Program (CHIP). Joe is an avid golfer and tennis player. He resides on the Upper East Side with his wife and three children.

A true entrepreneur and innovator, Joe earned a Bachelor of Science in Finance from the University of Maryland’s Robert H. Smith School of Business.

KEY ACCOMPLISHMENTS

Chairman’s Circle of Excellence (CCOE): 2017 & 2019
Chairman’s Club (CC): 2019, 2018, 2017, 2016, 2015, 2014
National Achievement Award: 2019, 2018, 2017, 2016, 2015, 2014, 2013, 2012, 2011
Sales Recognition Award: 2019, 2018, 2017, 2016, 2015, 2014, 2013, 2012, 2011, 2008, 2007

Selected for Real Estate NY – Top Thirty Under Thirty Award
Featured Speaker on The Stoler Report
Multiple Record Sales Prices Achieved
Named Real Estate Forum Top Broker NY
PROFESSIONAL AFFILIATIONS

UJA – REX Chair
YJP Real Estate – Executive Committee
CHIP Member
UMD Alumni NY Association Member
AIPAC Member

Joe has achieved several nicknames over the years based off his stellar reputation amongst his clients and his successful transactional track record – “1 CAP JOEY” and “JOEY DEALS” are two that have really stood out.

Joe’s Newsroom

Latest Podcast Episode

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Latest Articles

ArticleMarket Insights
October 29, 2024

The Economical Reason Why Banks Should Embrace Short Sales: Our Solution to Revitalize the Multifamily Market

The Problem In the past five years the New York City multifamily market has experienced tremendous fluctuations. The passing of HSTPA in June of 2019 was the starting point of a transformative marketplace.  COVID ushered in new regulations and record low interest rates. This was quickly replaced with rapid rates hikes causing valuations to drop precipitously. Minimal rental increases for rent stabilized properties combined with upwards pressure on costs have created a distressed situation for both borrowers and lenders. Cash flow constraints, depressed valuations, and rates doubling when loans roll…
ArticleMarket Insights
September 24, 2024

Bridging the Gap Between Buyers & Sellers: The Shifts in NYC Underwriting

Despite being in the commercial real estate business and not the residential market there is a surprising amount of emotion involved in my day to day. Many of the clients our team has represented in 2024 have been selling long-held family heirlooms disguised as rent stabilized apartment buildings. My goal is to clarify the underwriting norms for rent-regulated buildings in 2024, easing emotions and setting realistic expectations from the onset. How We Got Here New York is different than the rest of the country. Vacant buildings can often be more…
ArticleMarket Insights
July 9, 2024

2024 Sellers: How To’s & What’s Coming

My team and I often get asked: who are the buyers and sellers, and are deals actually getting done? Transactions are happening but there are more obstacles than ever before. Our team has taken on a record amount of new inventory and the pace seems to be increasing each month. The motivation behind new inventory is driven by maturing or rollover debt, sellers not seeing a path to profitability, inability to complete or pay for compliance mandates, and general management fatigue. Rent stabilized buildings aren’t selling themselves. The broker, as…

Latest Deals of The Week

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Joe’s Recent Closings on Traded