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Andrew Bronsteen

Licensed Real Estate Salesperson

718-475-4329
andrew.bronsteen@marcusmillichap.com

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

Andrew's Q&A

What is Your Favorite Movie?

Mad Max and Deadpool

01

What is You Favorite Book?

7 Habits

02

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

This team. One of the most important things in life is to surround yourself with good people. I truly love coming to work every day because this group is so special. We all love each other, push each other, help each other, and enjoy spending time together outside of work. Even Salvatico.

03

Professional History

Andrew Bronsteen is a commercial real estate investment professional specializing in the sale of middle-market multifamily and mixed-use buildings in Park Slope, Fort Greene, Clinton Hill, and Prospect Heights.

Andrew joined the New York Multifamily team at Marcus & Millichap after spending time at a boutique brokerage firm in Manhattan. Since joining Marcus & Millichap, Andrew has facilitated the transaction of over $150,000,000 of mixed-use and multifamily assets.

Prior to his career in real estate, Andrew spent four years coaching college football at the University of Miami (FL) and Western Michigan University. He coached some of the country’s top talent and contributed to a conference championship and his teams’ appearances in four bowl games including the Goodyear Cotton Bowl.

Andrew was raised in Princeton, NJ and attended Elon University. In his free time, he serves on the Young Professionals Committee for The Doe Fund. The Doe Fund is a non-profit whose mission is to break the cycles of poverty, homelessness, and recidivism through economic opportunity, housing, and comprehensive supportive services. Andrew previously served as the President of Elon University’s New York City Alumni Board.

Distinctions:

  • 2023 Mentor of the Year – NYC
  • 2022 Northeast Regional Rising Star Award Recipient
  • 2019 Pace-Setter Award Recipient
  • 2019 Rookie of the Year – Brooklyn

Notable Transactions:

  • The Prospect Slope Portfolio – $12,200,000 (Prospect Heights & Park Slope)
  • 469-471 4th St – $10,000,000 (Park Slope)
  • 134 Montague St – $8,795,000 (Brooklyn Heights)
  • 33-35 Lexington Ave – $8,370,000 (Clinton Hill)
  • 204 Park Pl – $4,800,000 (Prospect Heights)
  • 240 Flatbush Ave – $4,500,000 (Park Slope)
  • 592 Vanderbilt Ave – $4,395,000 (Prospect Heights)
  • 176 Clinton Ave – $4,200,000 (Clinton Hill)
  • 533 Bergen St – $4,125,000 (Prospect Heights)
  • 88 5th Avenue – $3,600,000 (Park Slope)
  • 19 South Oxford Street – $3,350,000 (Fort Greene)
  • 435 Dekalb Avenue – $3,310,000 (Clinton Hill)

Andrew’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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Andrew’s Recent Closings on Traded