Baltimore, MD – In the face of a shifting market, Yaakov Kanevsky of Midfield Realty successfully navigated the challenges of selling two properties, 499 Beaumont Ave and 5109 York Rd, securing a deal at an impressive price despite the hurdles.
The Challenge
The property owner sought to sell his multifamily assets based on sales comps from 2021, expecting strong offers in a market that was increasingly becoming more cautious. As buyers grew more conservative and market conditions evolved, the owner reached out to Yaakov Kanevsky to help achieve his pricing goals.
The Action
With a proven 97% success rate on deals, Kanevsky quickly set realistic expectations, acknowledging the challenges of the current market while highlighting the potential for top-dollar returns. Emphasizing patience and the importance of targeting the right buyers, Yaakov worked closely with the owner to ensure that the property was positioned for success. Once the listing was secured, Kanevsky provided professional-quality marketing materials and leveraged his vast social media presence, with over 15,000 followers, to reach the right audience. By focusing on buyers who could see the property’s true potential, Yaakov maximized its visibility and appeal.
Result
Yaakov’s efforts paid off, generating two competitive offers and securing a contract price of approximately $140,000 per unit. While the property was under contract, Kanevsky remained deeply involved in the process, working closely with the buyer’s agent and lender to address any obstacles. His knowledge of the market and strategic approach ensured the deal closed successfully, ultimately achieving the owner's desired outcome.
About Midfield Realty
Midfield Realty is a premier real estate firm specializing in multifamily properties and investment opportunities across Baltimore, MD. With a track record of success and a deep understanding of the local market, the team at Midfield Realty consistently delivers exceptional results for clients.
“Working with Yaakov was a game-changer,” said the property owner. “He set clear expectations from the start and kept me informed every step of the way. His ability to market the property effectively, paired with his in-depth market knowledge, led to multiple offers. Despite challenges along the way, Yaakov’s persistence and strategic thinking got the deal across the finish line. I’m grateful for his dedication and expertise.”