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Mark Zarrella

Licensed Real Estate Salesperson

718-475-4376
mark.zarrella@marcusmillichap.com

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

Mark's Q&A

What is Your Favorite Movie?

A Guide to Recognizing Your Saints

01

What is You Favorite Book?

Other People’s Money

02

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

The unlimited upside and proximity to information, resources and deal flow.

03

Professional History

Mark Zarrella is a First Vice President at Marcus & Millichap where he maintains a sharp focus across multifamily and mixed-use advisory and sales services for his clients.

Since joining the firm in 2013, Mark has driven over $500,000,000 worth of transactions earning him a number of accolades including the company’s ‘sales recognition award’. He has been the guest of real estate forums covering both macro and micro and has been featured in The New York Times, The Real Deal and Real Estate Weekly.

A few of his headlining assignments include the sale of a 5-building, 357-unit elevator portfolio throughout South Brooklyn for $112,000,000, the disposition of 70 units shared among two multi-generational, predominantly rent-regulated elevator buildings within a block from the West entrance to Prospect Park in Park Slope, and a package of 5 mixed-use buildings across Boerum Hill, Park Slope and Prospect Heights challenged by high vacancy and a sub-20% collection rate sold largely on projection during Spring 2020.

Following his bachelor’s degree from the University of Maryland, Mark attended NYU’s Stern School of Business where he completed additional course work involving private equity, financial modeling and investment real estate.

Outside of his professional work, Mark stays actively involved in several charities and city-based initiatives through donation and various other means of support made possible by their hosts including: The New York Foundling, HSUS and the American Cancer Society.

Well-known as a people enthusiast, Mark recently started exploring his newfound passion of officiating weddings and carries a license to do so as a minister of the ULC. He has had an office or home in four or the five NYC boroughs, and currently resides in TriBeca, Manhattan.

Mark’s Newsroom

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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…

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