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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
August 24, 2026

The Last 5%

On almost every transaction you get to the point where you’re close and both sides start digging their heels in and rationalizing why their last counter offer should be the final price. Here is some advice to both buyers and sellers of rent stabilized buildings. Sellers (Including Lenders): If you put a rent stabilized building on the market with the intention to sell – just sell it. Every day since June of 2019 the price has gone down and there’s nothing in the forecast indicating that help is on the…
ArticleMarket Insights
June 11, 2026

NYC at 5x Revenue or SpaceX at 100x? What’s A Better Bet?

Wall Street will sell you SpaceX at a $1.75 trillion valuation on roughly $18.7 billion of revenue. That’s almost 100 times revenue for a company that lost nearly $5 billion last year. Meanwhile, rent-stabilized apartment buildings in New York City are trading around 5 times gross rent roll. Comparable metric. One is priced at 5x. The other at 100x. And the one at 5x is the one people are afraid to buy. What SpaceX is actually asking you to believe.   SpaceX wrote in its own S-1 filing that it…
ArticleMarket Insights
April 14, 2026

What Does Owning the Building Do for You?

From the early 90’s until June of 2019, NYC real estate only got better. There were a couple of bumps along the way, but those were relatively short lived. Enter HSTPA and owners need to adjust entirely to the new reality. Those that adapt survive, and those that wallow with indecisiveness risk everything. For the most part early adopters of change have been rewarded. For 25 years, the buildings provided cash flow, upside, AND asset appreciation. The trifecta! NYC rent laws were adjusted in 1993 to allow for individual apartment…

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