News: Spotlight Content

2019 Ones to Watch: Ben Normatov, Alpha Realty Investment Sales

Name: Ben Normatov

Title: Investment-Sales Associate

Company Name: Alpha Realty Investment Sales

Address: 164 20th Street, 3rd Floor, Brooklyn, NY 11232

Who or what do you attribute to your success?
Success is a journey that requires massive ambition, willpower, patience, courage, drive, resilience, and of course, proper guidance. Throughout my life, I’ve encountered many hardships; each of which enhanced these traits within me. Out of the following characteristics, however, resilience attributed a great deal on my journey to success. In the industry that we’re in, it’s important to understand the power of remaining persistent no matter what. There will always be people that yell “NO!” and hang up in your face; that’s fine. These are not the people that will contribute to your future success; remain persistent and focus on those who will. Those who aren’t resilient get discouraged by the first few hardships they encounter; imagine these people when the deal they’ve been working on for a year falls apart. 

If you have a mentor, who is it and how has this relationship influenced your professional growth?
My mentor is my principal broker, Lev Mavashev. Having a mentor you truly look up to is essential for your professional growth, and frankly, not everyone is fortunate enough to have one as accessible as mine. My relationship with Lev has benefited my growth in this industry tremendously. By teaching me his ways and lessons from previous mistakes, Lev has cut my learning curve tremendously and made it possible for me to achieve greater results more efficiently. Moreover, having Lev as a mentor expanded my network within the industry and helped me establish key relationships with many industry personals. 

What was your favorite thing to do when you were a kid?
Ever since I was young, I had a strong passion for sales. My addiction for sales began at the age of ten when I purchased a pair of sneakers at Marshalls for just $10 and was able to resell them for $60. I was instantly hooked. This transaction sparked a long journey of retail arbitrage that made me profitable throughout my youth, as well as a lifelong passion for sales that still drives me today. As I got older, I started selling merchandise of higher value such as jewelry and watches; as I understood that the only way to make luxury margins is through luxury goods. At this point of my life, I combined my passion for sales and love for real estate to sell the best thing there is to sell, commercial real estate. 

MORE FROM Spotlight Content

Over half of Long Island towns vote to exceed the tax cap - Here’s how owners can respond - by Brad and Sean Cronin

When New York permanently adopted the 2% property tax cap more than a decade ago, many owners hoped it would finally end the relentless climb in tax bills. But in the last couple of years, that “cap” has started to look more like a speed bump. Property owners are seeing taxes increase even when an
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Properly serving a lien law Section 59 Demand - by Bret McCabe

Properly serving a lien law Section 59 Demand - by Bret McCabe

Many attorneys operating within the construction space are familiar with the provisions of New York Lien Law, which allow for the discharge of a Mechanic’s Lien in the event the lienor does not commence an action to enforce following the service of a “Section 59 Demand”.
How much power does the NYC mayor really have over real estate policy? - by Ron Cohen

How much power does the NYC mayor really have over real estate policy? - by Ron Cohen

The mayor of New York City holds significant influence over real estate policy — but not absolute legislative power. Here’s how it breaks down:

Formal Legislative Role

Limited direct lawmaking power: The NYC Council is the primary
The strategy of co-op busting in commercial real estate - by Robert Khodadadian

The strategy of co-op busting in commercial real estate - by Robert Khodadadian

In New York City’s competitive real estate market, particularly in prime neighborhoods like Midtown Manhattan, investors are constantly seeking new ways to unlock property value. One such strategy — often overlooked but
Oldies but goodies:  The value of long-term ownership in rent-stabilized assets - by Shallini Mehra

Oldies but goodies: The value of long-term ownership in rent-stabilized assets - by Shallini Mehra

Active investors seeking rent-stabilized properties often gravitate toward buildings that have been held under long-term ownership — and for good reasons. These properties tend to be well-maintained, both physically and operationally, offering a level of stability