Real Estate Weekly
Image default
Deals & Dealmakers

Nassimian of Highcap Group Promoted to Director of Investment Sales

Manhattan based commercial real estate firm Highcap Group has announced the promotion of their investment sales associate Rodney Nassimian to Director of Investment Sales, effective immediately according to a recent company statement.

Mr. Nassimian started his career at Highcap Group in 2018 working primarily on value-add multi-family and mixed-use properties in the up-and-coming areas of Brooklyn, with an
emphasis on Bushwick and Bedford-Stuyvesant. Over the course of his first few years Rodney developed a reputation in the neighborhood and client following resulting in significant sales volume and closings as a rookie broker just starting out in the business. He transitioned this momentum into the neighborhood of Astoria where he developed quite a reputation among building owners as a hard-working broker who was able to achieve top sales prices and CAP Rates for their mostly aging and dated stock of apartment buildings.

As Rodney learned the industry and rose in the ranks of investment sales, he broadened his scope of work to development sites and assemblages when the rent stabilization laws changed in 2019. Rodney hit the road running and started building up listings and buyers throughout the areas of Brooklyn and Astoria that he had already started dominating on the building sales front, and then he slowly started heading south from Astoria towards the bustling Long Island City area where development sites and condo sales were starting to achieve numbers that were being seen in some areas of Manhattan. This gave Rodney a spark and he started emerging himself in the Long Island City development scene, learning
who the active players were, and creating inroads with some of the longer-term sellers and holders of prime properties in these residentially zoned areas.

As a result, to date Mr. Nassimian has completed close to $70,000,000 in transaction volume and compiled a significant list of sales, including some prominent development sites and assemblages that he has put together alongside his principals. Some notable sales include the Astoria multifamily package at 44-03 thru 44-11 31st Avenue, the 50,000 SF buildable corner of 46-30 21st Street in Long Island City, the 25,000 square foot development site at 28-12 41st Avenue in Long Island City, and other various Astoria development assemblages including 2-10 to 2-28 26th Avenue, totaling +/-60,000 buildable square feet and 42-36 to 42-38 27th Street yielding 33,500 buildable square feet. As Rodney continues on his path in his new senior role within the firm, he will continue to focus on development and income producing properties primarily in the NYC boros and work on larger and more complex deals. If you are thinking of selling your properties and looking for your next big deal, please don’t hesitate to reach out to Rodney at Rn@highcapgroup.com

Related posts

Avison Young arranges 99-year ground lease for an estimated $21.5 million

REW

Rosewood Realty Group Brokers $36.5 Million Sale of 15-Story Hells Kitchen Mixed-Use Building

REW

Miller Construction Begins Work on an 80,000-Square-Foot Build-to-Suit Industrial Warehouse in Orlando

REW