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Michael Salvatico

Partner

718-475-4358
msalvatico@mmreis.com

260 Madison Avenue, New York, NY 10016

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Mike's Q&A

What is Your Favorite Movie?

The Big Short

01

What is You Favorite Book?

Ray Dalio’s, “Principles”

02

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

  • Competition
  • Camaraderie
  • Freedom to make decisions

03

Professional History

Michael Salvatico is a Senior Managing Director with a multidisciplinary focus covering all asset classes in the Williamsburg, East Williamsburg, and Greenpoint sections of Northern Brooklyn along with the Brownstone Brooklyn neighborhoods of Brooklyn Heights, Cobble Hill, Boerum Hill, and Carroll Gardens. He also oversees the Bushwick and Ridgewood sections for the team.

He has received numerous accolades since joining the firm and was the driving force behind the rapid expansion of the office’s market share in the Williamsburg and Greenpoint sections of Brooklyn. Distinguished by his uncanny ability to find, source and cultivate opportunities, Mike has gained notoriety as one of the office’s most prolific business generators and has redefined success for agents entering the business. He is routinely at the helm of the team’s high-profile assignments.

He is considered a “portfolio manager” more often than not by many of the areas most active operators and has set price records in virtually every asset class during his time working the Northern neighborhoods of Brooklyn.

Mr. Salvatico attended the University of Maryland where he majored in Economics while also playing running back and free safety for the Terrapins football team under the tutelage of two-time ACC coach of the year Ralph Friedgen. While at the University of Maryland, he was awarded the Dr. John E. Faber “Iron Man” of the year award for his overall strength & athleticism beating out several current NFL players.

He resides in NoHo.

PERSONAL ACHIEVEMENTS

  • Chairman’s Club: 2021
  • National Achievement Award: 2015, 2016, 2017, 2021, 2022
  • Sales Recognition Award: 2014, 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022, 2023
  • Commercial Observer Top 30 Under 30 List-2016
  • Real Estate Weekly Rising Star-2018

Mike’s Newsroom

Latest Podcast Episode

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Latest Articles

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…
ArticleMarket Insights
April 8, 2024

Sell Now or Wait? Things To Consider Before Deciding

People decide to sell real estate to solve a problem, capitalize on an opportunity, or realize a profit.  Management fatigue is also motivating people to transact. Our team receives countless requests for opinions of value and often the client says, “I can’t sell at that price.” What I’ve noticed is that the people who are contemplating selling are looking for a mathematical reason why it makes sense. The math doesn’t look great, but that doesn’t mean you shouldn’t sell. We continue to sell rent stabilized buildings at negative leverage on…
ArticleMarket Insights
February 8, 2024

Step By Step Process: How I Executed My 1031 Exchange

Listen to an audio narration of this article I’ve been helping clients sell apartment buildings and buy triple net leases for almost 15 years. In almost every scenario the client is initially hesitant to get into something new. After all, the devil you know is better than the devil you don’t. With the challenges facing property owners in New York, this sentiment has started to shift. Private clients are starting to look for the exit ramp but don’t know exactly where to go or how to get there.  I wrote…

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