Investment Sales

Michael Besen

President & CEO

Michael Besen is President and CEO of The Besen Group, which he originally formed as Besen & Associates in 1988. Besen & Associates, the investment sales brokerage firm, is consistently ranked a leader in transaction volume. The firm has reached $1 billion in annual sales of New York City commercial real estate, typically completing over 100 transactions per year.

 

During the banking and real estate crisis of the early 1990’s, Mr. Besen spearheaded disposition of many foreclosed properties and underperforming loans for institutions such as Federal Home Loan Mortgage Corporation and Resolution Trust Corporation. He has grown the firm throughout several economic cycles, continually adapting to both adverse and strong markets.

 

Since then, Mr. Besen has grown the company into a full-service investment realty firm with investment sales at the core, financing, property management (residential and commercial), retail and residential leasing. In 2004, 2005, 2006 and 2008 Besen & Associates received the “Power Broker” award from the CoStar Group, ranking among New York City’s top brokerage firms based on sales transaction volume.

 

Over the last five years, Mr. Besen has formed new divisions to cater to the expanding needs of clients. Berik Management and New York City Management provide office and residential management and leasing services. Berik Management manages approximately 750,000 square feet of commercial space in Manhattan and New York City Management manages over 2,000 residential apartments and 200 stores. Besen Capital is the financing arm of Besen & Associates, in place to assist existing and new clients in securing debt for commercial real estate investments. Besen Retail provides leasing services for both landlords and tenants, handling transactions ranging in size from 500 to 50,000 square feet. 

 

In 2009, Besen formed the Distressed Asset Advisory Group, a special service unit to provide expertise to lenders for commercial property in financial distress. The group advises lenders, receivers, special servicers as well as owners, offering valuation, asset management, re-capitalization and disposition services.

 

Mr. Besen is a graduate of Northwestern University, and is a member of REBNY.