The Challenge
The owner of a 41-unit multifamily property in Mount Vernon, located directly across the street from the Johns Hopkins Peabody Institute, had owned the asset for nearly 15 years and was ready to retire.
Over time, he had grown tired and exhausted from managing the property and navigating the sale process. He had previously worked with another broker, but the property never closed. His main goal was to sell with certainty, avoid financing risk, and finally move on.
Notably, the owner had spoken with Yaakov Kanevsky of Midfield Realty years earlier, before listing with anyone else. At that time, Yaakov was up front: the numbers didn’t make sense yet. Rather than pushing a premature sale, Yaakov stayed patient — waiting until the timing was right.
The Action
When the owner reached out again — worn down after a failed listing — Yaakov stepped in decisively. Drawing on deep local market knowledge and direct relationships with Mount Vernon buyers, Yaakov quickly demonstrated what real buyers were actually willing to pay and how the deal could be structured to close cleanly.
Yaakov focused on targeted outreach to proven local buyers, prioritizing groups that understood the submarket and could move forward without a financing contingency. His diligence, speed, and transparency helped rebuild the seller’s confidence and regain momentum.
Result
Within a short timeframe, Midfield Realty generated multiple offers, ultimately securing a buyer who agreed to no financing contingency and a very short closing period. The transaction closed before year-end, allowing the seller to retire with peace of mind and enjoy a restful holiday season — exactly what he had been hoping for after years of ownership and months of frustration.
By combining patience, and precise execution, Yaakov delivered a result that aligned perfectly with the seller’s true goal: certainty.
Closing Note
For all your multifamily real estate needs, reach out to Midfield Realty. Whether you’re selling, buying, or navigating complex market challenges, Yaakov Kanevsky and the Midfield team are here to make sure your goals are met—no matter the obstacles.