By COLlive reporter
Over 630 real estate professionals from all over the tri-state area and beyond gathered to network and learn from industry insiders at the fourth annual CHYE JCON Real Estate Summit held on Tuesday night, July 9th at the Dyker Beach Golf Course in Brooklyn, NY.
Over the past four years, JCON has emerged as the Jewish community’s most anticipated real estate event. This year, expectations were not only met, but exceeded as attendees were treated to informative seminars, an impressive roster of knowledgeable speakers, and delicious food and drink.
The summit was kicked off with four concurrent seminars: Tax strategies for Creating Real Estate Wealth by Michael S. Brady, Esq., CES, Understanding Your Financials From a Bank’s Perspective by Saul N. Friedman, Listing Secrets by David Schechtman, and NYC Rent Regulation: All You Need to Know by David Greenfield.
The seminars were followed by a stirring keynote address presented by Meridian Capital CEO and chairman Ralph Herzka. After the keynote, participants enjoyed a sumptuous outdoor buffet and an open bar as they networked for the rest of the evening in the country club’s beautiful courtyard.
Other well-known figures in the real estate world were available to participants for speed mentoring and networking during the two hour buffet dinner, such as: Michael Jaffa, COO Jack Jaffa & Associates, Mark Chopp, Managing Principal, Chopp Holdings, Meir Fried, Vice President, JWasser & Co., Israel Schubert, Senior Managing Director, Meridian Capital Group, Eli Karp, founder and CEO of Hello Living, Shimon Eisikowicz, Exec. VP & Chief Lending Officer, Cross River Bank, Harvey Rosenblatt, CEO & Founder P3 Properties, Darin Raiken, Director of Acquisitions, Kushner Realty Group, and Sholom Jacobs, Founder & CEO, JREA Management.
All of this was made possible by the Jewish Community Council of Marine Park, Crown Heights Young Entrepreneurs (CHYE), Emergency Parnassa Initiative Networking (EPI), and Mishpacha Magazine, with this year’s lead sponsors including Meridian Capital, Cross River Bank and Saul N. Friedman & Co and media sponsor, COLLIVE.com.
Stressing the importance of these events, CHYE director Rabbi Yehoshua Werde explained that “Real estate is one of the main industries in the Jewish community and a tremendous area of growth.”
Some participants traveled from far away to attend the event. “I wouldn’t have missed it for the world,” said Mendy Druin of Lev Group, specializing in affordable housing in South Africa and Botswana. “I came here because I was excited to attend a networking event bringing frum people together who are all focused on the real estate industry. I also came to try to raise capital, get some equity investors on board, and show people new opportunities in southern Africa. The yields are definitely higher there than you can get here in the US, even if it is higher risk.”
“I didn’t realize how many frum yidden are involved in real estate here and around the world. It definitely gives you a lot of courage to know that there are so many people, and especially so many other young people like myself, having success breaking into the market. That gives me tremendous motivation to keep on trucking. I enjoyed Sol Friedman’s seminar which explained in detail how to present yourself lenders, what it is they want to hear, and the best way to evaluate their package offers. I also really liked hearing Ralph Herzka’s talk about his experiences doing real estate in NY, and his thoughts about where the market is headed.”
Zev Herman attended the event as a vendor on behalf of Brooklyn law firm, Balisok & Kaufman. “We’re here to help folks navigate the awfully complex field of real estate law which is particularly daunting in New York, especially with the proactive legislature we have now. Of course, there are many things you can do yourself without a lawyer, but in the State of New York, and especially the city of New York, chances are you’re going to mess something up without the help of a lawyer.
“That’s why events like JCONN are so important. With such a vast body of legislation and the many different moving parts which are involved in every real estate transaction, these events are integral because nobody can be an expert in everything and we came here to learn from professionals in the real estate field and to help them help others.”
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Resist the temptation to drive up prices in frum neighborhoods and ripping off fellow community members who are struggling to pay rent or buy homes…yes everyone needs parnassa but make sure you are within ehrliche boundaries
The intense demand in Jewish areas is the only thing driving up prices. once the price is an certain amount, and everyone else is charging it, Why should I lose out?
Its simply the supply vs demand.
There are many factors driving up prices and one of them is called corruption. Jews raising the bids with no intention of buying but simply to increase their own home value, brokers telling homeowners to double their prices so they get bigger cuts- and the list goes on-
There are many reasons why prices are rising so quickly in Crown Heights, none have to do with flippers or brokers or any of that other scapegoat nonsense. Rather, sine our community continues to grow exponentially as more couples are married and families have more children which creates a very strong demand for new housing, however, there are very few new developments being constructed. The rise in demand with the dearth of supply creates a significant housing shortage, thus driving up prices. In addition to the community growing internally, because Crown Heights is conveniently located near multiple subway lines, outsiders… Read more »