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Michael Fusco

Licensed Real Estate Salesperson

212-430-5281
michael.fusco@mmreis.com

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

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Professional History

Michael Fusco’s career in real estate began while in college, working with The Bonanno Real Estate Group of Teaneck, New Jersey, his grandfather’s company. He was responsible for daily operations along with frequent site visits across the company’s one million square feet of industrial holdings.

Here at Marcus & Millichap, Michael’s main focus is working on multifamily and mixed use assets throughout New York City’s Bronx market. He and the New York Multifamily team provide clients with the highest quality of brokerage through local market expertise, and industry-leading research market trends. As an exclusive listing agent, he works with clients using Marcus & Millichap’s national platform to deliver the highest price through a competitive bidding environment and the quickest probability to close by leveraging existing qualified buyer relationships.

Michael gained an unwavering passion for commercial real estate at a young age from his early experience with the family business, and the exposure to owning and operating a variety of assets. Being born in Wayne, New Jersey, Michael has always been in close proximity to the New York real estate market. He attended West Virginia University where he graduated with a Bachelor’s Degree in Business Administration. When not in the field, Michael can be found with his family and friends, watching sports, or in the gym.

Michael’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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Michael’s Recent Closings on Traded