With more than three decades of real estate experience in New York City, Richard Grossman is well-known as an innovative, effective and strategic leader in both the residential and commercial fields. As President of Halstead Property, Richard works closely together with the Chief Executive Officer Diane M. Ramirez to form the Executive Committee of Halstead Property. In addition, he also handles the day to day operations of running Halstead's Village and Soho offices.
Under his careful and thoughtful direction, a solid network of loyal and top producing agents has been created in the Downtown Offices of Halstead. Combined with his strong leadership skills, Richard is able to provide his agents and their clients with an invaluable knowledge of the ins and outs of the real estate industry. His familiarity with the inner workings and requirements of cooperatives and condominiums provides agents and clients with valuable insight in successfully dealing with complex transactions. In addition, Richard is known for his calm and patient demeanor and is always able to address concerns and solve problems in a composed and logical manner.
Agents under his leadership have won numerous first, second and third place awards in the prestigious Real Estate Board of New York Deal of the Year awards ceremony. Richard is most proud to have mentored the Real Estate Board of New York's designation of the 2008, 2011, 2012, and 2013 Rookies of The Year.
During the course of his career, Richard has been involved with the conversion of more than 30 rental buildings to cooperative or condominium ownership. He has been directly involved in each step of the process including initial analysis of the viability of conversion, preparation and certification of schedules A & B for the offering plan, handling the sales and marketing of vacant units as well as the negotiations with existing tenants.
Prior to joining Halstead Property, Richard was the Senior Vice President and Director of Sales for Heron Properties, where he was responsible for the creation of the sales division of one of New York's most prestigious management firms and which quickly grew to 25 sales agents under his direction. While at Heron, he also served as a commercial mortgage broker, specializing in underlying mortgages for cooperative buildings. In addition, Richard brokered numerous retail and commercial transactions including the leasing of a midtown office building, several garage leases, the sale of income producing properties, as well as art galleries on 57th Street and the Chelsea art districts. Before Heron, Richard was the Director of Sales for Hahn & Mann Realty, Inc. and started his career at J.H. Taylor Real Estate, two venerable firms.
In his personal time, Richard is an avid traveler, fitness enthusiast and collector of contemporary and modern art. Richard is the past President of the Brevoort East, a luxury 330-unit cooperative building in Greenwich Village. As a committee member, he and another shareholder were responsible for a $3,600,000 tax refund to the building. In addition, Richard was the driving force behind a lawsuit that lead to the curtailment of the building's master lease that will result in millions of dollars of additional income to the building. He is a graduate of Syracuse University and he received a Diploma in Real Estate Analysis from New York University.
Manhattan apartment prices continued to hover at or near record highs in the second quarter of 2016, but there are signs that the market may finally be turning more favorable for buyers. Sales reports to be released on Friday by major real estate firms show some signs that the...
New York Times - Friday, July 01, 2016
The Manhattan second quarter market reports are in, and while—as usual—each of the brokerages have slightly varying numbers, there are some general trends we're seeing across the board. Record prices were set this quarter, per the Douglas Elliman report, with a median sales price increasing 13.1 percent to...
Brick Underground - Friday, July 01, 2016
If you want to join the ranks of Manhattan apartment owners, you'll need to shell out an average of $2 million per apartment. Manhattan apartments' second quarter cost was an average of $2,077,680, a 16 percent increase since last year, according to a report released Friday by real...
Patch.com - Friday, July 01, 2016
The average apartment price in Manhattan remains over $2 million for the second straight quarter, according to Halstead’s Second Quarter 2016 Market Report. At $2,077,680, the average price, fueled by luxury new development closings, increased 16 percent since last year and was just below the $2,108,788 average price record set...
RIS Media - Friday, July 01, 2016
New York, NY Halstead Property recently promoted Richard Grossman to president. In his new role, Grossman will work closely with Halstead CEO Diane Ramirez and will also continue to oversee the Village and SoHo offices together with Sara Rotter, executive director of sales for downtown. “Over nearly three decades,...
New York Real Estate Journal - Tuesday, April 19, 2016