Decoding NYC's Commercial Real Estate Investment Market

The Crexi Commercial Real Estate Podcast: Conversations in All Things CRE

This episode covers lessons learned from decades of success in NYC’s commercial real estate with Stephen Preuss, Vice Chairman, Investment Sales at RIPCO Real Estate.

The Crexi Podcast explores various aspects of the commercial real estate industry in conversation with some of the top CRE professionals in the space. In each episode, we feature different guests to tap into their wealth of CRE expertise and explore the latest trends and updates from the world of commercial real estate.

In this episode, Crexi's Ashley Kobovitch sits with Stephen to discuss his journey from financial markets to commercial real estate, and approaching brokerage from an entrepreneurial mindset. They also cover valuable insights on the New York City market, broader national CRE trends, and the importance of assembling the best possible team around you for long-term success. Their wide-ranging conversation includes:

• Introduction and Guest Background
• Stephen Preuss' Career Journey
• Lessons Learned and Daily Habits
• Building a Successful Team
• Creating Value for Clients and Memorable Transactions
• Present Day: Work at RIPCO and Industry Thoughts
• The Power of Hands-On Training and Open Workspaces
• The Future of RIPCO: Expansion and Market Domination
• The Current State of the Commercial Real Estate Landscape
• The Future of New York City's Real Estate Market
• The Impact of Current Macroeconomic Factors on Real Estate
• Investment Strategies and Advice for the Current Market
• The Importance of Building the Right Team in Real Estate
• Final Thoughts and Sign-offs

About Stephen Preuss:

Stephen R. Preuss Sr is Vice Chairman at RIPCO Real Estate and leads their Investment Sales Division, where he focuses on Capital Markets for the Tri-State & New York Metropolitan Area. Stephen joined RIPCO Real Estate in 2021 as the highest-producing investment sales broker in Queens and one of the most successful capital market producers in NYC. Stephen’s team consists of highly experienced members, including several partners, senior brokers, an entire support staff, marketing and analytical professionals; all with a diverse expertise throughout NYC & The Outer-Boroughs, New Jersey, Long Island & Connecticut.

Over his nearly 20-year career, Stephen has achieved an ambitious track record with over 750 executed transactions with a total dollar volume of nearly $8 billion of investment and commercial real estate properties while consistently performing over 500 yearly property valuations and handling 60+ exclusive assignments at any given time. Stephen is widely recognized as the #1 top performer in the NYC outer-boroughs and is currently expanding that extraordinary success throughout the Tri-State marketplace.

He is a key contributor to multiple major publications, including Commercial Observer & Bisnow, among several other regional and national publications. In addition, he is a regular speaker/panelist on annual prestigious panels, including several Brooklyn, Queens and Long Island Forums. Stephen is a board member of the Queens Community House, executive board member of the Queens Chamber of Commerce, and a main contributor to several other not-for-profit organizations, including the Long Island City Partnership, Greater Flushing Chamber of Commerce, Chinese Business Association, and the Chinese American Planning Council.

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