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Kory Barbanel

Transaction Coordinator

(646) 805-1493
kory.barbanel@marcusmillichap.com

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

Kory's Q&A

What is Your Favorite Movie?

Step Brothers

01

What is You Favorite Book?

Think & Grow Rich By Napoleon Hill

02

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

Pushing past limits you did not know you were able to push through. The perseverance, grit, and grind while staying focused and collaborating with your partners. Once you get to that goal, the feeling in euphoric which makes you want to do it all over again no matter how easy or difficult it was to begin with. Working side by side with the best in the industry also helps quite a bit 🙂

03

Professional History

Benny is an investment sales specialist part of the New York Multifamily team focusing on  multifamily,  mixed-use properties and land in The Bronx and upper Manhattan sections of New York City.

Benny began his Career in Real Estate career back in 2014 as a leasing agent at Lang Realty in the Bronx and Upper Manhattan. In 2016, he joined Bruma Realty and quickly became a senior agent assisting in expanding the office growth and clientele securing exclusive listings and relationships with some of New York’s largest landlords. Over the course of 6 years as a leasing agent, Benny’s ability to maintain and build strong relationships with property owners and a passion for the real estate industry allowed him to achieve leasing 700+ apartments equating to over $1MM+ in gross commissions.

With a strong and in-depth knowledge of the market and the ability to building long lasting & trusting relationships, Benny continues to showcase his abilities in a strong advisory role for clients.

Born and bred in Brooklyn New York, Benny went to Yeshiva throughout his elementary schooling and thereafter off to Rabbinical schooling in New Jersey, Pennsylvania & South Africa.

In his spare time, Benny enjoys travelling, skiing, exploring new restaurants, playing poker and chess, watching sports (die hard Yankee fan), and spending quality time with his friends and family.

He currently resides in the Crown Heights section of Brooklyn with his wife and two kids and is an active member of his community supporting various charities and institutions namely Friendship Circle, Chabad emissaries and outreach, and MATCH.

Benny’s Newsroom

Latest Podcast Episode

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Latest Articles

ArticleMarket Insights
January 16, 2025

Results Of Overregulating The New York City Multifamily Housing Industry

Dear Governor Hochul, We share the same mutual interest in the success of the New York City housing industry. I’m one of many salespeople representing property owners of rent regulated apartment buildings. I’m writing this letter to you on behalf of an entire industry inclusive of landlords and lenders who are too afraid to publicly tell the truth in fear of reparations, vilification, or rent strikes. We love New York City. We work, play, live, and pay taxes to the greatest city in the world, and we are here to…
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…

Latest Deals of The Week

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Benny’s Recent Closings on Traded