About Us
Adam is a highly skilled real estate professional with a comprehensive background in asset management, property management, brokerage, and investment. As the current Asset Manager at RSP Companies, he oversees a prestigious 1,200-unit portfolio encompassing residential, commercial, and industrial properties. Adam is adept at utilizing financial metrics such as IRR, Cap Rates, NOI and ROE to drive strategic asset growth and maximize stakeholder value. His expertise in budgeting, operational finance, and capital allocation consistently generates strong financial returns, ensuring that every asset under his management achieves its full potential.
Adam’s journey in real estate began twelve years ago with a successful transition from the music industry to real estate brokerage in Manhattan, where he specialized in landlord representation and worked extensively with international and institutional investors. This pivot allowed him to combine his business acumen with a passion for real estate, swiftly establishing himself as a trusted advisor who excels in complex negotiations and high-stakes transactions.
As co-founder of AF Properties Global, LLC, Adam has spearheaded value-add investments focused on community development in underserved markets. Working alongside Dr. Kaete Archer, he has driven projects delivering impressive returns, including a recent investment that achieved a 32% ROI in six months. His dual approach, blending urban and rural market analysis, enables him to identify unique opportunities for community growth and sustainable profitability. Adam’s analytical skills and financial insights have consistently exceeded investment expectations, making him a valuable asset to clients and partners alike.
A licensed real estate sales agent since 2012 and a broker since 2016, Adam has built a distinguished track record across asset classes, from multifamily housing to high-value commercial sales. His depth of experience in structuring deals, optimizing cash flow, and navigating New York’s intricate regulatory landscape allows him to provide unparalleled service and strategic advice to his clients, including institutional investors and international stakeholders.
Raised in Brooklyn and now residing in Midtown West, Adam combines a lifelong New York perspective with a diverse professional background. In addition to his real estate career, he holds a Bachelor of Arts from Rutgers University and studied at both Berklee College of Music and the Juilliard Pre-College Division. As a professional musician, Adam has performed with over 30 major symphonies and toured extensively worldwide.
Why work with Adam?
Working with Adam can be beneficial for several reasons:
- Expertise in the local market: Asset Manager, Broker, Investor will have a deep understanding of the local real estate market, including current trends, property values, and the neighborhoods in the city. This knowledge can help you find the right property at the right price.
- Access to listings: Real estate agents have access to exclusive property listings that are not available to the general public. This can give you an advantage when searching for a property in a competitive market like New York City.
- Negotiation skills: Real estate agents are skilled negotiators and can help you get the best deal possible. They can also help you navigate complex contracts and legal documents.
- Time-saving: Searching for a property can be time-consuming, especially in a large and competitive market like New York. A real estate agent can help you narrow down your options and save you time by scheduling viewings and handling paperwork.
- Personalized service: A good real estate agent will work closely with you to understand your needs and preferences. They will then use this information to find properties that meet your criteria and guide you through the buying or selling process.
Overall, working with a New York real estate agent can help you find the right property faster and with less stress, while also providing valuable expertise and guidance throughout the process.
Coop and Condos
Condominiums (condos) and cooperatives (co-ops) are two common types of residential property ownership in Manhattan, but there are several key differences between the two:
- Ownership: When you buy a condo, you own the physical space inside the unit as well as a percentage of the common areas of the building. When you buy a co-op, you own shares in a corporation that owns the entire building, and you have the right to occupy a specific unit.
- Approval process: Buying a condo is usually a straightforward process, with the buyer providing financial information and being approved by the condo board. Co-ops, on the other hand, have a more stringent approval process that requires board approval and may involve a thorough review of the buyer's financial history and personal background.
- Monthly costs: Monthly costs for condos usually include common charges, which cover maintenance of the common areas and building amenities, as well as property taxes. For co-ops, monthly costs typically include maintenance fees, which cover the building's operating costs, property taxes, and sometimes mortgage payments on the building's underlying mortgage.
- Resale value: Condos tend to have higher resale values than co-ops, as they are generally more marketable and easier to sell. Co-ops, on the other hand, may have more restrictions on subletting or transferring ownership.
- Financing: Financing a condo purchase is generally easier than financing a co-op purchase. Condo buyers can typically obtain a mortgage for up to 90% of the purchase price, while co-op buyers may need to have a larger down payment and meet stricter financial requirements.
Overall, condos offer a more straightforward ownership structure and easier financing, while co-ops offer a more exclusive and community-oriented living experience with more stringent approval processes and lower monthly costs.