Michael Weiser Quoted in National Real Estate Investor’s “Single-Asset Sales Pick Up in the First Quarter, But Dollar Volume Shows a Downward Trend” May 1, 2018

National Real Estate Investor | May 1, 2018

By Mary Diduch


Michael Weiser, president of GFI Realty Services, a New York-based brokerage firm that focuses on multifamily and mixed-use properties in the New York region, says the first quarter of the year was a strong one for his firm. Last year, GFI closed roughly half the sales transactions it in 2016. After the first quarter of 2018, the firm has around $200 million in closed deals, on track to reach its typical $800 million annual total.

Uncertainty related to tax reform has also lifted, at least for the medium term: “I think that’s allowed people to suddenly say, ‘Let’s transact again,’” Weiser says. Investors also know that interest rates have risen and expect that they will likely rise further, he adds.


View full article here.

Leave a Comment

Your email address will not be published. Required fields are marked *