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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

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September 22, 2025

NYC Multifamily Pricing Today

NYC Multifamily Pricing Today: What’s Up, What’s Down, And What’s Unchanged The multifamily market has been all over the place, with eye popping trades on both ends of the spectrum – some trades for $1,000 a foot, and some trades for $50/foot! Let’s dive in to see what assets are thriving, what’s struggling and what’s holding their own. 100% Free Market Free market rents continue to go up and that likely continues under the next administration. Equity groups that previously purchased buildings with a rent stabilized component are now all…
ArticleMarket Insights
June 27, 2025

It Ain’t Over Til It’s Over

Zohran Mamdani has not been elected Mayor of New York City. He scored a decisive victory - but this was just a primary, not the general election. Anyone right of socialist or communist ideology should take a breath — and take note. According to Polymarket, just two months before the election, Mamdani had a 4.0% chance of winning. Kudos to him for running a well-organized campaign. The compliments stop there. Plenty of Time Until November Mamdani pulled this off in two months. We have four to make sure he doesn’t…
ArticleMarket Insights
May 1, 2025

The Unspoken Cost of HSTPA: How a Tenant Protection Law Wiped Out $50 Billion in Working-Class Equity

A 2019 housing law wiped out billions in wealth-building opportunities for New York’s rent-stabilized tenants — and no one is talking about it. On June 14, 2019, state lawmakers unintentionally wiped out $50 billion in wealth-building opportunity for the very people they claimed to protect. New York City has roughly 3 million apartments, fairly evenly divided among rent-regulated units, free market rentals, and condo/co-ops. Protecting the city’s poorest residents is noble — but when legislation is driven by ideology instead of logic, the consequences can be devastating. The Bad Apples…

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