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Deals & Dealmakers

Greysteel to open first NYC office in Brooklyn Heights

Greysteel, a national commercial real estate investment services firm, announced the opening of its first New York office in Brooklyn Heights to accommodate the firm’s continuing growth throughout the Mid-Atlantic.

In conjunction with the office opening, Greysteel has hired Michael Stimler as a Senior Investment Associate and founding member of the New York Investment Sales division.

Mr. Stimler is charged with arranging sales and financing for private client, middle market, and institutional multifamily properties throughout Greater New York City.

“Expanding into New York has been something we have considered for a long time,” said Greysteel President & CEO, Ari Firoozabadi. “But we needed the right team in place to do it, which we now have with Michael at the helm. I am very optimistic about our presence in New York, as evidenced by the immediate, positive response we’ve received from owners we have been speaking with.”

Prior to joining Greysteel, Mr. Stimler worked at a New York City-area real estate investment services firm, where he oversaw the strategic vision of the team’s expansion and growth into new markets in addition to day-to-day responsibilities of deal execution.

“I look forward to leveraging Greysteel’s innovative marketing and research solutions to optimize value and shorten the marketing timeline for my clients,” commented Mr. Stimler.

“Additionally, the integrated capital solutions approach employed by Greysteel will enable me to better serve apartment owners and investor’s needs,” he added.

The new office will be co-led by Michael Stimler and Ari Firoozabadi.

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