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Michael Salvatico

Partner

718-475-4358
msalvatico@mmreis.com

260 Madison Avenue, New York, NY 10016

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Mike's Q&A

What is Your Favorite Movie?

The Big Short

01

What is You Favorite Book?

Ray Dalio’s, “Principles”

02

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

  • Competition
  • Camaraderie
  • Freedom to make decisions

03

Professional History

Michael Salvatico is a Senior Managing Director with a multidisciplinary focus covering all asset classes in the Williamsburg, East Williamsburg, and Greenpoint sections of Northern Brooklyn along with the Brownstone Brooklyn neighborhoods of Brooklyn Heights, Cobble Hill, Boerum Hill, and Carroll Gardens. He also oversees the Bushwick and Ridgewood sections for the team.

He has received numerous accolades since joining the firm and was the driving force behind the rapid expansion of the office’s market share in the Williamsburg and Greenpoint sections of Brooklyn. Distinguished by his uncanny ability to find, source and cultivate opportunities, Mike has gained notoriety as one of the office’s most prolific business generators and has redefined success for agents entering the business. He is routinely at the helm of the team’s high-profile assignments.

He is considered a “portfolio manager” more often than not by many of the areas most active operators and has set price records in virtually every asset class during his time working the Northern neighborhoods of Brooklyn.

Mr. Salvatico attended the University of Maryland where he majored in Economics while also playing running back and free safety for the Terrapins football team under the tutelage of two-time ACC coach of the year Ralph Friedgen. While at the University of Maryland, he was awarded the Dr. John E. Faber “Iron Man” of the year award for his overall strength & athleticism beating out several current NFL players.

He resides in NoHo.

PERSONAL ACHIEVEMENTS

  • Chairman’s Club: 2021
  • National Achievement Award: 2015, 2016, 2017, 2021, 2022
  • Sales Recognition Award: 2014, 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022, 2023
  • Commercial Observer Top 30 Under 30 List-2016
  • Real Estate Weekly Rising Star-2018

Mike’s Newsroom

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Latest Articles

ArticleMarket Insights
May 1, 2025

The Unspoken Cost of HSTPA: How a Tenant Protection Law Wiped Out $50 Billion in Working-Class Equity

A 2019 housing law wiped out billions in wealth-building opportunities for New York’s rent-stabilized tenants — and no one is talking about it. On June 14, 2019, state lawmakers unintentionally wiped out $50 billion in wealth-building opportunity for the very people they claimed to protect. New York City has roughly 3 million apartments, fairly evenly divided among rent-regulated units, free market rentals, and condo/co-ops. Protecting the city’s poorest residents is noble — but when legislation is driven by ideology instead of logic, the consequences can be devastating. The Bad Apples…
ArticleMarket Insights
April 2, 2025

Oversimplifying The Different Multifamily Deals Coming To The Market

What’s happening in the multifamily market today? The answer depends on what type of building you’re talking about. In this article I’ll paint with a broad brush and simplify five different types of deals, the challenges they each face, how buyers respond to what’s available for sale and things to consider when debating if you should hold or sell depending on what you own. 1. Inherently Free Market 2-5 Families Which Are Also Tax Class Protected There is seemingly an unlimited supply of these buildings, mostly in brownstone Brooklyn. Rents…
ArticleMarket Insights
March 11, 2025

Optimizing Outcomes in the Rent-Regulated Sector: A New Approach for Banks

As the debt market goes, so goes the real estate market. Banks play a pivotal role in driving transaction velocity and pricing power. However, many banks are slow to adjust their strategies to shifts in the rent-regulated market, either failing to recognize changes or lagging a full year behind in response. With COVID-era financing reaching maturity over the next 18 months, banks must take proactive steps to facilitate refinancing, workouts, note sales, deeds in lieu, or short sales. The Challenge with Rent-Stabilized Notes When a borrower defaults, a lender’s first…

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