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Mark Zarrella

Licensed Real Estate Salesperson


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

Mark's Q&A

What is Your Favorite Movie?

A Guide to Recognizing Your Saints


What is You Favorite Book?

Other People’s Money


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.


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

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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