Episode 229: Real estate developer Aaron Yassin discusses the process of selling condominiums in New York

Follow Mike and Shawn on Instagram:

• Shawn: @shawn_dimartile
• Mike: @miketighe_

In this episode, host Mike Tighe interviews Aaron Yassin, a real estate developer based in Brooklyn, New York. Aaron shares his unique journey into real estate development, starting from being a fine artist to purchasing properties for his studio. He explains the process of developing ground-up condominium buildings and the challenges and opportunities that come with it. Aaron also discusses the importance of vertical integration and finding the right team to execute development projects successfully. He emphasizes the significance of understanding the market dynamics and tailoring the marketing approach to target buyers directly.

Some key takeaways from this episode:

• Aaron's background as a fine artist led him to purchase properties for his studio, which sparked his interest in real estate development

• Hive Developers focuses on ground-up condominium development, aiming to maximize the price per square foot in the markets they operate in

• The process of developing a condominium building involves obtaining approval for a condo offering, which includes separate tax lots for each unit

• Marketing and sales play a crucial role in the success of a condominium project, with the goal of targeting buyers directly and providing them with as much information as possible

• As units are sold, the debt is paid down through lien releases, and the remaining units are sold until the senior debt is fully paid off

How to connect with Aaron: 

LinkedIn:  Aaron Yassin

Website and EBook: www.hivedevelopers.nyc

Learn more about Mike and Shawn:

• Shawn: www.investorshawn.com
• Mike: www.investormike.com
• Website: www.takeoffcapital.com