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Sean Fopeano

Licensed Associate Real Estate Broker

718-475-4331
sean.fopeano@marcusmillichap.com

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

Sean's Q&A

What is Your Favorite Movie?

Top Gun

01

What is You Favorite Book?

Can’t Hurt Me

02

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

Building long term relationships with clients and helping them achieve their goals

03

Professional History

Sean Fopeano is a Licensed Real Estate Salesperson in Marcus & Millichap’s New York office. Sean joined the New York Multifamily Team in 2021 where he works alongside Shaun Riney and specializes in the sale of multifamily and development in Queens, NY. To date, Sean has facilitated over $100,000,000 worth of real estate transactions on exclusive sell side assignments for his clients. Sean’s most notable transaction was in 2023 where he completed the sale of a 312-unit, apartment complex, spanning an entire city block in Rego Park.

In his free time, Sean enjoys traveling, and playing outdoor sports such as golf, baseball, & soccer. He is an avid runner and recently completed the 2022 TCS New York City Marathon and 2023 Philidelphia Marathon. Sean was raised in Pound Ridge, New York and attended High Point University where he majored Finance and Economics. Sean currently resides in Downtown Manhattan.

Sean’s Newsroom

Latest Podcast Episode

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Latest Articles

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…
Seth Glasser
Love3
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…
Seth Glasser
Love3
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…
Seth Glasser
Love3

Latest Deals of The Week

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Sean’s Recent Closings on Traded