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Shaun Riney

Partner

718-475-4369
sriney@mmreis.com

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

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Shaun's Q&A

What is Your Favorite Movie?

Good Will Hunting

01

What is You Favorite Book?

The Road Less Stupid – Keith Cunningham

02

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

I love living life without an income ceiling and enjoy the novelty of learning something new every day with clients and colleagues. NYC real estate is a sport; it’s a game and I love to play it.

03

Professional History

Shaun Riney leads a highly qualified team with a primary focus on large multi-family, mixed-use and development site assignments in Brooklyn and Queens. He has been the top producing broker in Marcus & Millichap’s Brooklyn office since 2011, and in 2016, was honored as one of the Top 40 brokers in the Nationwide Firm.

Some of his professional achievements include:

  • #1 Ranking Broker Brooklyn Office (2011, 2012, 2013, 2014, 2015, 2016)
  • #36 Ranking Broker – Marcus & Millichap Firm (2015)
  • #51 Ranking Broker – Marcus & Millichap Firm (2014)#5 Ranking Broker in New York City by Total Commercial Transactions Sold (2014)
  • Chairman’s Club Award – 2015
  • National Achievement Award – 2012, 2013, 2014, 2015, 2016
  • Rookie of the Year Award – 2010
  • 7 Figure Club Recipient by Age 27 – Marcus & Millichap
  • Named Top 20 to Watch in NYC Commercial Real Estate (2012)
  • Power Broker: The Multifamily Guy (2011)
  • Brooklyn is Fertile Ground for Rainmaker Riney (2016)

Riney is an active member of the Greenpeace, UNESCO, the American Heart Association and the Polaris Project. His passions outside of real estate include politics, investment into alternative energies, and exploring the natural world with family and friends. He is a dedicated mountain hiker and has spent considerable time climbing the Pyrenées Mountain Range of Southwest Europe, the Tramuntana Mountains of Mallorca, the Na Pali Coast of Hawaii and the Presidential Mountains of the Northeast United States. He is a sports enthusiast, an avid soccer player and Captain of the Brooklyn Football Club (BKFC).

Riney is a graduate of Boston University and currently resides in Williamsburg, Brooklyn.

Shaun’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…
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…
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…

Latest Deals of The Week

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Shaun’s Recent Closings on Traded