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Writer's pictureMAREJ

Spotlight on Hudson Atlantic's Trailblazing Young Professionals


Nicholas Favorito, Senior Associate

Years with company/firm: 3

Years in field: 3

Years in real estate industry: 3


What is your most notable project, deal, or transaction?

My most notable deal closed was a 26-unit, newer construction deal located in Madison, NJ called Tudor House. The deal closed in December of 2022 at an impressive $14.7m, which was a record breaking $565,000/unit. We were able to sign up and close this deal within three months, despite a tough market, and aggressive asking price. The utilization of 1031 money enabled us to exceed expectations on price, and offer tremendous value to our clients on both ends of the deal.

What challenges and or obstacles do you feel you needed to overcome to become as successful as you are today?

Overcoming initial skepticism from clients and colleagues as a young professional demanded a high level of confidence and demonstrating consistent results. Balancing these demands while maintaining a strong work ethic was crucial in overcoming these obstacles and achieving success. When I first started on my journey as a Multifamily RE Associate, the idea of walking into a client’s office unannounced... or even worse, door knocking, was very intimidating to me. However, with every office I visited, every house I knocked on, every cold call I made, it started to become easier and easier. These are some of the most important base essentials that most successful brokers utilize. These tactics are just some of the methods that have allowed me to connect with some of the most prominent investors in the industry.

What inspiring advice would you give to a young executive graduating from college?

As you step into your career, it’s important to acknowledge that there’s no cookie-cutter recipe to success, everyone’s path is different. There are many ways to become successful, yet in any industry, the necessary ingredients will always include a blend of relentless hard work, continuous learning, and genuine connections. It is crucial that you embrace every challenge as an opportunity to grow, stay adaptable in the face of change, and always act with integrity. Your passion and perseverance will be the foundation of your remarkable journey ahead.

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