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Updated about 5 years ago on . Most recent reply

How to identify the Best local Multi family Brokers
Hello BP Community,
How do you identify the best local Multi family Real Estate Brokers for any given metro area ?
Thank you
Most Popular Reply

- Cincinnati, OH
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@Joe Gilroy what size properties are you looking at?
2-4 family are multifamily properties and almost exclusively listed in the MLS with residential brokers/agents.
5-8 units I still see more on the MLS than on "commercial listing services" like Loopnet. But you are starting to get into a grey area.
8-50ish tend to start going to smaller multifamily brokers. These tend to be boutique firms that are either local or regional.
50+ you start to get into more of the national players: CBRE, Cushman Wakefield, etc.
These are general trends I see in the midwest, but price is also a factor. I have seen CBRE listing 4 families in LA.
@Charles Seaman offers some good tips as well. I have done this many times on Loopnet, seeing who tends to have a fair amount of listing up, and I try to get coffee with them.