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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 advises his clients throughout the transaction process, with a reputation for client advocacy and strategic marketing to the most qualified buyers.

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 $100,000,000 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:
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 Street – $10,000,000 (Park Slope)
204 Park Place – $4,800,000 (Prospect Heights)
240 Flatbush Avenue – $4,500,000 (Park Slope)
592 Vanderbilt Avenue – $4,395,000 (Prospect Heights)
176 Clinton Avenue – $4,200,000 (Clinton Hill)
19 South Oxford Street – $3,350,000 (Fort Greene)
435 Dekalb Avenue – $3,310,000 (Clinton Hill)
543 Bergen Street – $3,165,000 (Prospect Heights)

Andrew’s Newsroom

Latest Podcast Episode

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Latest Articles

ArticleBlog PostMarket Insights
September 11, 2023

3 Events That Will Change the Multifamily Market

We are entering the fourth quarter of 2023 with investment sales velocity down 50% over the same period last year. Valuations are down and owners have been slow to divest their assets. Rates have soared in the past 18 months to unsustainable levels so much so that Signature Bank, one of the premier lenders, went belly-up. Low sales velocity is not sustainable and it’s reaching its tipping point. There are three events that are converging on the multifamily market, seemingly all at once, which will shape the market for years…
Blog PostMarket Insights
August 14, 2023

10 Ways To Be A Successful Multifamily Seller

In today’s market we have two types of sellers: proactive and reactive. Or as the results would indicate: successful and unsuccessful. Market dynamics change and as a result what is required of you as a seller will also change. Here are 10 pieces of advice for sellers to set yourself up for a successful transaction. 1. Know your numbers and set goals You would be shocked how many owners don’t know how much income they earn from their property. Whenever I meet with a client about selling, I ask them:…
Blog PostMarket Insights
July 13, 2023

Extend and Pretend: A Glimmer of Hope

In real estate, there exists a strategy known as extend and pretend. It refers to a practice where loans are extended and losses are deferred, all to maintain the façade of stability and prosperity. However, this once popular and seemingly effective approach is now standing on the precipice of collapse. The cracks in its foundation are becoming increasingly apparent, and the consequences of it loom ominously overhead. Nowhere is this truer than in the New York City multifamily marketplace. Four years ago, the business included 3 caps, cheap debt, generous…

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