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How Midfield Realty Closed a Multifamily Short Sale at 3901 Dorchester Rd

How Midfield Realty Closed a Multifamily Short Sale at 3901 Dorchester Rd   The Challenge The owner of 3901 Dorchester Rd, a 9-unit multifamily property in Baltimore, purchased the asset roughly three years ago with the intention of renovating the units and stabilizing the building with reliable tenants. Unfortunately, after working with the wrong vendors during the leasing process, several tenants were placed who ultimately failed to pay, creating serious cash flow issues for the property. As the delinquency continued and the renovations failed to produce the expected income, the owner reached a point where he could no longer afford the mortgage payments and ultimately defaulted on the loan. With the debt personally guaranteed and the balance owed exceeding the value of the asset, the owner faced significant financial exposure and uncertainty about how to move forward. At that point, he approached Midfield Realty for guidance on how to resolve the situation.   The Action After reviewing the situation, Yaakov Kanevsky of Midfield Realty quickly recognized that the goal was not simply selling the property but creating a strategy that would relieve the owner from the pressure of a personally guaranteed loan while satisfying the lender as much as possible. Yaakov immediately began working closely with the owner to understand the full financial picture and then reached out directly to the lender to begin discussing potential solutions. Through these conversations it became clear that the most practical path forward would be to position the property through an auction process that could attract serious investors capable of executing quickly. Yaakov helped coordinate the process between the lender, the owner, and potential buyers while ensuring the opportunity was presented clearly to the market so that qualified buyers understood the situation and could move forward confidently.   Result Through Yaakov’s decisive approach and coordination between all parties, a buyer stepped forward who was able to purchase the property with no contingencies and successfully close the transaction. Although the deal ultimately took place as a short sale in a pre-foreclosure situation, the outcome allowed the lender to recover as much value as possible while giving the owner a path to exit the asset and move on from a difficult investment. By moving quickly, communicating directly with the lender, and bringing a qualified buyer to the table, Midfield Realty was able to resolve a challenging situation and close the deal before it escalated further.  For all your multifamily real estate needs, reach out to Midfield Realty. We’re here to help you navigate any market conditions and ensure your property goals are achieved.

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A Strategic Win: How Yaakov Kanevsky Secures $103k/Unit Sale with Zero Contingencies on Narcissus Ave.

A Strategic Win: How Yaakov Kanevsky Secures $103k/Unit Sale with Zero Contingencies on Narcissus Ave.   “Working with Yaakov Kanevsky and Midfield Realty was an absolute game-changer. From the start, he understood the complexity of my situation and implemented a clear, strategic plan. His auction strategy and incredible reach through social media brought in the right buyer, and I was able to sell my property at a great price with no contingencies—exactly what I needed to execute my 1031 exchange. Yaakov’s persistence, professionalism, and market knowledge made this entire process effortless.” — Property Owner, 5801 Narcissus Ave, Baltimore, MD 21215   The situation. The owner of a ~25-unit limited lead-free property at 3600 Garrison Blvd, Baltimore, MD 21215, was in a difficult situation. Three years ago, the owner purchased the property for around $1,800,000 and invested an additional $100,000 in renovations. After this, a master lease tenant was placed in the building. Unfortunately, the tenant stopped paying rent, and the owner was left with little recourse. With foreclosure looming in just 45 days, the owner was desperate to protect his equity and needed an urgent solution to avoid losing everything.   The Challenge The owner wanted to ensure a smooth transition into his new property while maximizing his sale price—ideally above $100,000 per unit. The market posed challenges: lower rents than comparable properties made achieving top-dollar offers difficult, and the owner needed a buyer with no contingencies to avoid jeopardizing the purchase of his next property.   The Action Yaakov Kanevsky, representing the seller through Midfield Realty, deployed a multifaceted strategy to overcome these challenges: Auction Strategy: ACoordinated with Matt Cooper of Cooper Auction House to run an auction, guaranteeing no contingencies and creating urgency. Maximum Exposure: Leveraged Yaakov’s social media audience of 18,000+ Take followers to reach qualified investors. Direct Outreach: Personally called all local multifamily property owners to ensure competitive offers and visibility.   Result Through these efforts, Yaakov secured a buyer at approximately $103,000 per unit with no contingencies. The buyer was confident enough to release the earnest money before closing, ensuring the seller could leverage the deal and complete the 1031 exchange seamlessly.

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Q&A with Yaakov Kanevsky, Managing Director at Midfield Realty

Q&A with Yaakov Kanevsky, Managing Director at Midfield Realty Yaakov Kanevsky is a multifamily real estate advisor — with deep roots in the Baltimore–Washington market. He’s also the host of the “Baltimore RE Full Circle” podcast, where he brings together local investors, vendors, and industry experts to share real, practical insights about navigating Baltimore’s real estate scene. His mission is to help others make smarter decisions and build stronger communities through honest conversations and firsthand experience. Journey to Baltimore Real Estate My professional path began with a year spent teaching before getting married. Shortly after, I received an opportunity to move to Baltimore and start a new chapter in property management. This marked my first real exposure to the real estate industry, where I managed day-to-day operations, tenant relations, and maintenance coordination. Transition to Management and Sales After a few months of managing a 350-unit property, the company I worked for decided to sell off their Maryland holdings. This unexpected shift put me at a career crossroads. With the encouragement of my employer and support from friends and colleagues, I made a decisive pivot into real estate sales—an industry I had come to admire through firsthand experience. Starting with Row Homes and Growing I began by selling Baltimore row homes to local investors, targeting rental and renovation opportunities. These early deals laid the foundation for my reputation and client base. As I gained momentum, the volume and complexity of transactions steadily increased, allowing me to build a deeper understanding of the city’s housing market and investment dynamics. Scaling into Multifamily and Large Portfolios Over the past two years, I transitioned from small-scale residential deals to handling large multifamily properties and row home portfolios. This strategic shift has led to the successful sale of nearly 330 properties. Today, my team and I are working on several significant listings, including an active 330-unit property and additional large-scale investment opportunities on the horizon. Can you tell us about your company and the services it provides? Midfield Realty is a Maryland-based brokerage focused exclusively on multifamily real estate. We specialize in sourcing, listing, and advising on apartment buildings throughout Baltimore City, Baltimore County, and surrounding jurisdictions. Our team works closely with owners, operators, and investors to support sales, 1031 exchanges, and market repositioning strategies. What sets your company apart in the industry? We know Maryland — not just zip codes, but block by block. Our strength lies in pairing local insight with direct outreach. We track submarket shifts in real time, and because we speak with property owners and investors daily, we often uncover deals before they ever hit the market. We’re not just listing agents — we’re strategic advisors focused on creating clarity and results for clients navigating a fast-changing market. What are your growth plans for the future? Our focus is on deepening our footprint across Baltimore’s multifamily corridors. We’re expanding our database of active buyers, refining our underwriting process to reflect current debt conditions, and growing our outreach in areas where we’re seeing seller fatigue or distress. As the market shifts, we aim to be the first call for owners who want straight answers and smart strategy. What is your outlook on the current market trends? Maryland’s multifamily market — especially in Baltimore — is in an early downturn. Properties are sitting longer, buyers are underwriting more conservatively, and some owners are listing out of necessity. At the same time, rents have held up in many neighborhoods, and tenant demand remains steady. We believe the current cycle favors brokers and clients who stay active, realistic, and prepared. What advice do you have for clients or professionals in your field? For owners: Don’t wait too long. If you’re considering a sale, make sure your property is priced and positioned competitively. For brokers: Focus less on volume, and more on relationships. Knowing what your client needs — and what the market will bear — is what moves deals in this environment. How has your company adapted to changes in the market over the last few years? We’ve adapted by staying closer to our clients and sharper with our data. As financing tightened and rent control measures gained traction, we’ve worked to keep owners informed and focused on where their real opportunities lie. We’ve also refined our processes — from valuations to buyer targeting — to move more efficiently when a serious deal comes together. What trends are you seeing in client or tenant behavior right now? Owners are much more cautious — especially in Baltimore City. Many are seeking clarity on policy shifts before listing, while others are offloading underperforming properties. Tenants continue to prioritize affordability and unit quality, making well-maintained, reasonably priced buildings more competitive than ever. What are the biggest challenges you’re currently facing — and how are you addressing them? The biggest challenge is the gap between seller expectations and buyer underwriting, especially with today’s interest rates and stricter lender requirements. We’re addressing this by giving owners honest feedback, backed by real-time comps and investor sentiment. We don’t push listings just to get them — we position them to close. ABOUT MIDFIELD REAL ESTATE 10 Years of Success – 3 Years of Brokerage Excellence With over a decade of experience as property owners, we understand the intricacies of the market and the challenges faced by sellers. This deep understanding fueled our decision to establish a brokerage specifically focused on helping multifamily property owners in Maryland. “Midfield Real Estate is your trusted partner in multifamily investment sales, specializing in everything from small and middle market properties to larger transactions. We bring deep expertise and hands-on experience to every deal.” Experience Matters Midfield Real Estate is a commercial real estate brokerage firm focused on multifamily investment properties in the Baltimore–Washington Metro.

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Midfield Realty Closes Sale of 18-Unit Multifamily Property

Midfield Realty Closes Sale of 18-Unit Multifamily Property Sale of 18-Unit Multifamily Property in Charles Village, Baltimore, for $185,555 Per Unit Midfield Realty Closes Sale, led by Mendel Dalfin and Yaakov Kanevsky, has successfully  of an 18-unit multifamily property located in the vibrant Charles Village neighborhood of Baltimore, Maryland, for $185,555 per unit, totaling approximately $3.34 million. Known for its historic charm and proximity to major institutions like Johns Hopkins University, Charles Village continues to attract strong rental demand, making it a prime location for real estate investment opportunities. The buyer, a private investor group, highlighted the property’s excellent rental performance and strategic location near public transit, major highways, and employment centers. This transaction underscores the continued growth of Baltimore’s multifamily market, where limited housing supply and growing demand continue to drive competitive pricing. Midfield Realty closes sale with a strong focus on the needs of both buyers and sellers, expressing pride in facilitating the deal and emphasizing its expertise in navigating the dynamic multifamily real estate sector in Maryland. The company remains committed to delivering value to clients through its in-depth market knowledge and exceptional service. If you are looking to buy or sell multifamily investment properties or commercial real estate in Baltimore, contact Midfield Realty for unparalleled service and expertise in the real estate market. To view our current deals, visit our exclusive listings.

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Yaakov Kanevsky and Mendel Dalfin that exceeded the owner’s expectations

Exceptional Multifamily Investment in Catonsville, MD 742 Edmondson Ave, Catonsville, MD 21228 Midfield Realty, a trusted commercial real estate brokerage firm specializing in real estate investment opportunities in Maryland, is proud to announce the successful sale of a multifamily property located in Catonsville. This deal, led by Yaakov Kanevsky and Mendel Dalfin, far exceeded the owner’s expectations and showcases our expertise in property investment services. Strategic Sale of a High-Value Investment Property The property owner initially tried selling this multi-unit investment property independently, with little traction. Frustrated by the lack of serious offers, they turned to Midfield Realty. Upon taking over, our team immediately identified the property’s untapped potential and positioned it as one of the best real estate investment opportunities near Baltimore. Through a combination of strategic marketing, compelling property presentation, and deep knowledge of the Baltimore multifamily investment market, we attracted multiple offers while the property was still under contract. The final sale price averaged approximately $225,000 per residential unit, significantly above initial expectations. 💬 Client Testimonial “Midfield Real Estate is awesome. I had been trying to sell my apartment building with no luck. Yaakov Kanevsky encouraged me to list with him, and then the offers just started flooding in. Thank you, Midfield. I couldn’t be happier.” This success story highlights the value of working with a seasoned real estate broker who understands investment property acquisition in Baltimore. If you’re looking to sell your multifamily property or need expert guidance to maximize its value, contact Midfield Realty today. Let us help you exceed your expectations and achieve top-dollar results.

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