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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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Latest Articles

ArticleMarket Insights
February 8, 2024

Step By Step Process: How I Executed My 1031 Exchange

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 this article for people who are considering buying…
ArticleMarket Insights
January 10, 2024

How To Prioritize Expiring Debt

Multifamily operators today are finding themselves playing defense more than offense. They wake up each morning thinking about which fire to put out first rather than how to grow their business. A rising market allowed mistakes to go unnoticed or erased with a refinance or a sale. As Warren Buffett said: it’s only when the tide goes out that you learn who has been swimming naked. This article offers a roadmap of how to prioritize the important items related to expiring debt today. Until the laws change to allow rent…
ArticleMarket Insights
December 4, 2023

How To Move Forward in Today’s Multifamily Market

There are 60,000 vacant stabilized apartments in NYC (not including 4,800 from NYCHA), yet we have rents hitting all-time highs and people living on the street. Something has to give. The city is running out of resources and eventually it will have no choice but to incentivize the private sector by cutting the red tape. If you believe something has to give, then this is a great reason to buy multifamily buildings in New York. Do I Own Rent Stabilized Or Affordable Housing? Right now, prewar buildings are not inherently…

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