Real Estate Broker Market Update June 5, 2017
Jun 05, 2017
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Interesting interview with Jim Turano, Broker of Diverse Real Estate in Middle Village,NY.
A hands on Broker for many decades. Referrals keeps giving him new listings all the time.
An average typical agent or Broker in the Community or surrounding communities usually does not involve themselves like Jim Turano. That is to the extent he gets and rents apartments. He gets stores and rents them. He attains Mixed use Properties and sells them. He attains warehouses and rents them. He get Commercial Taxpayer Properties and sells them.
And lastly after 37 years to date, he has completed over 3,000 written appraisals.
Including testifying in State Supreme Court as an expert witness on appraisals.
Very unique individual. He resides in the Middle Village Community since 1965. Started his Real Estate career in 1979. He is a Vietnam Veteran and has been President of the Middle Village Kiwannis Club, President of the Middle Village Lions business club and Past Vice Commander of the Maspeth Like J. Lang Veterans Organization.
You kind of can say he is what his company is named, DIVERSE.
His listings also are Diverse compared to most Realtors.
From apartments, Store Rentals, Mixed Use Buildings, and Commercial Taxpayers.
He has written the most Real Estate articles in the past 20 years that can be Googled to view. He has appeared as a guest on several Radio talk shows regarding Real Estate.
The first to advertise listings on Television when Channel one on Cable was just a Real Estate Channel.
His work shows his dedication to the business usually working a minimum of 6 days per week.
He always said if a Homeowner wants to sell, you do not need a agent to tell you their office has 22 sales agents and once they put it on Multiple Listing you will have hundreds more to sell your home.
You only need one experienced person to sell your home not over 120 sales agents combined. That is ridiculous. If you have the experience and know how to market the home, then the agent/broker should be there from beginning to end.
In conclusion, with all the Real Estate in Middle Village alone, Jim Turano has rented the most stores in this Community and the Maspeth Community. He put the first Franchises in both areas. Currently he has attained a 1031 Exchange Dream Property. It is called a TAXPAYER.
Three stores with no apartments above. Tremendous income and over a 5% cap rate return.
Rents go up every year and so does the appreciation on the building. Rare to find on Metropolitan Avenue, however Jim Turano has it for sale now. By the way he does not put it on Multiple Listing because he believes to sell it himself like he usually does.
A Special Thank You to Jim Turano of Diverse Real Estate.
Located at 73-12 Metropolitan Avenue, Middle Village,NY11379