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National  |  March 19, 2019
Paul Bubny
By: Paul Bubny

Top Broker Honoree: Mark Steinmetz

Mark Steinmetz is a managing director who leads a middle-market team at Meridian Investment Sales. Over the course of his career, he has closed approximately $1.5 billion in aggregate value of transactions.

On the way to closing $101.37 million worth of deals in 2018, Steinmetz achieved near-record pricing for 506, 514 and 520 Tinton Ave., three multifamily properties in the Bronx containing 132 apartments; and for the sale of the 31-unit 99 Joralemon St. in Brooklyn.

Two related deals in the Bronx demonstrate Steinmetz’s negotiating skills. The sale of 980 Westchester Ave. depended on the seller landing a 1031 exchange, although he lacked sufficient funds for a contract deposit. Steinmetz made the deal work via the sale of a strip center at 12-26 East 163rd St.

For comments, questions or concerns, please contact Paul Bubny

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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