Westwood Realty Associates | The Real Deal New York

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Westwood Realty Associates

570 7th Avenue, Suite 807
New York, NY 10018
(212) 961-6833
Website
steven@westwoodra.com

Westwood Realty Associates is not showy or well-marketedand its owner, Steven Vegh seems to like it that way. When the firm was opened in 2012 by Vegh, who had come from impressive stints at GFI Capital and then Multi-Investment Group, it was designed to focus on large-scale investments, much of them off-market.

Vegh is still the only broker at the firm, but despite the lean operating overhead and boutique moniker, Westwood has routinely beat out some larger firms the last few years. Westwood has made a name for itself closing several record-breaking off-market deals, not just in Manhattan but also in the Bronx and Brooklyn.

Within its first two years in operation, Westwood closed more than $1.5 billion in sales, including record sales prices in the Bronx and Williamsburg. During its first year alone, Westwood ranked as the 15th highest investment sales firm in New York by The Real Deal, netting $368 million in 10 deals. By 2014, it had climbed slightly higher, to 11th on the list with $889 million in deals, much of that in the latter half of the year.


07/25/17
...lacked multifamily acquisition experience without them. Steven Vegh Westwood Realty Associates’ Steven Vegh, who brokered the deal, declined to comment, as did Weaver Street. Kohn...

07/20/17
...bought the 13 buildings from Urban American for $37 million. Westwood Realty Associates’ Steven Vegh, who represented both sides in the deal, declined to comment. Neither Rubin...

05/22/17
...Keystone Equities Jonathan Zamir, PD Properties’ Elad Dror, Westwood Realty Associates’ Steven Vegh and several others. A couple tables over was Haim Chera. Though Simon...

05/11/17
...of Brooklyn, New York City Pension Funds Brokerage: Westwood Realty Associates Richard Scharf’s Abro Management will be the third owner of this pair of...

05/09/17
...million Buyer: Medallion Corporation Seller: Benzion Kohn Brokerage: Westwood Realty Associates The apartment building at 1511-1521 Sheridan Ave. near Claremont Park was sold in March...

03/22/17
...Medallion Corporation founder Abraham Bleeman, via YouTube, and Westwood Realty Associates...

03/17/17
...funds. Abro closed Thursday for $408 per square foot. Westwood Realty Associates’ Steven Vegh brokered the deal. Vegh, Hudson and Abro could not be immediately reached...

12/16/16
...Shkury and Victor Sozio represented the sellers, while Westwood Realty Associates’ Steven Vegh represented the buyer. Meridian Capital Group’s Marvin Jeremias, Ronnie Levine and...

12/15/16
Guests at Cooper-Horowitz’s holiday event Why put off till the evening what you can get done over lunch? Cooper-Horowitz’s mid-day holiday party brought in a procession...

12/02/16
...Also spotted: MHP Real Estate Services’ David Sturner; Westwood Realty Associates’ Steven Vegh; Nest Seekers International’s Ryan Serhant; Citi Habitats’ Gary Malin and David...

09/14/16
...A spokesperson for Thor could not be reached. Westwood Realty Associates’ Steven Vegh, who declined to comment, brokered the deal. Thor, as a multifamily investor...

09/01/16
...involving 45 John Street was still pending in court. Westwood Realty Associates...

08/10/16
...coming in, Japanese money is coming in ferociously.” Westwood Realty Associates’ Steven Vegh said that off-market deals continued to happen at a brisk pace. JLL...

07/05/16
...investment in the joint venture. Steven Vegh of Westwood Realty Associates brokered the off-market sale of the property from New Jersey-based Treetop Development, as TRD...

05/24/16
...Properties’ Robert Khodadadian, Erik Horvat of Fosun International, Westwood Realty Associates...

05/24/16
...E+M. Sources familiar with the negotiations said Westwood Realty Associates’ Steven Vegh was involved. None of the parties involved in the deal responded to...

05/23/16
...Jungreis’ Rosewood Realty Group and Steven Vegh’s Westwood Realty Associates. Behin and Kuhn, however, believe they can make a dent. “You need to have...

03/04/16
...to the sale, as TRD reported in September. Westwood Realty Associates...

03/01/16
...for more than two decades, property records show. Westwood Realty Associates...

02/16/16
...since at least 2012? Or that in 2015, one-man operation Westwood Realty Associates nearly quadrupled the sales it was doing in 2012? The Real Deal's research outfit, TRData...

02/01/16
...about $150 million. Representatives for Madison declined to comment. Westwood Realty Associates’ Steven Vegh, who brokered the transaction, couldn’t immediately be reached. The deal, which...

01/27/16
...and surrounding area," Sitt said in a statement. Westwood Realty Associates’ Steven Vegh, who brokered the off-market transaction, declined to comment. About 35 of the apartments...

12/14/15
...for $150 million, about two years after buying it. Westwood Realty Associates’ Steven Vegh, who brokered the deal, could not be reached for comment. In September...

11/10/15
...a 25-year 421a tax abatement that expires in 2034. Westwood Realty Associates’ Steven Vegh, a broker on the pending $160 million-plus deal for 47 Hall Street in Clinton...

11/09/15
...campus. A representative for Westbrook declined to comment. Westwood Realty Associates...
Westwood Realty Associates, Founder
570 7th Avenue, Suite 807, New York, NY, (212) 961-6833
Steven Vegh began his real estate career focusing on the capital markets side...
  • Event Sales
  • Address 1883-1887 Amsterdam Avenue
  • Neighborhood Washington Heights
  • Borough Manhattan
  • Square feet 28,845
  • Price $ 14,000,000
  • Price per foot $ 485.35
notes
The 3 buildings with a combined 60 residential units sold for $14 million.
  • Event Sales
  • Address 523 West 156th Street
  • Neighborhood Washington Heights
  • Borough Manhattan
  • Square feet 19,740
  • Price $ 9,000,000
  • Price per foot $ 455.92
notes
The 5-story, 46 residential-unit building in Washington Heights was sold for $9 million.
  • Event Sales
  • Address 1276 Clay Avenue
  • Neighborhood Longwood Melrose
  • Borough Bronx
  • Square feet 52,000
  • Price $ 9,000,000
notes
The multifamily building was sold for $9 million.
  • Event Sales
  • Address 1567 Lexington Avenue
  • Neighborhood East Harlem
  • Borough Manhattan
  • Square feet 712,571
  • Price $ 357,500,000
notes
The 47-building "Dawney Day Portfolio", compromised of 1,181 units, was sold for $357.7 million.
  • Event Sales
  • Address 90 Sullivan Place
  • Neighborhood Crown Heights
  • Borough Brooklyn
  • Price $ 21,500,000
notes
The rental building sold for $21.5 million.
  • Event Sales
  • Address 47 Hall Street
  • Neighborhood Clinton Hill
  • Borough Brooklyn
  • Square feet 550,000
  • Price $ 161,000,000
  • Price per foot $ 292.73
notes
The property sold for $161 million is just south of the Brooklyn Navy Yard.
  • Event Sales
  • Address 556-558 West 126th Street
  • Neighborhood Harlem
  • Borough Manhattan
  • Square feet 52,000
  • Price $ 34,400,000
  • Price per foot $ 661.54
notes
The property sold for $34.4 million included 560 West 126th Street and 564 West 126th Street.
  • Event Sales
  • Address 273 West 131st Street
  • Neighborhood Harlem
  • Borough Manhattan
  • Square feet 59,880
  • Price $ 14,800,000
  • Price per foot $ 247.16
notes
The multifamily residential building sold for $14.8 million.
  • Event Sales
  • Address 17 West 125th Street
  • Neighborhood Central Harlem
  • Borough Manhattan
  • Square feet 9,000
  • Price $ 30,000,000
  • Price per foot $ 3,333.33
notes
The five story property sold for $30 million.
  • Event Sales
  • Address 220 West 116th Street
  • Neighborhood Central Harlem
  • Borough Manhattan
  • Price $ 25,800,000
  • Event Sales
  • Address 1749 Grand Concourse
  • Neighborhood Mt Hope
  • Borough Bronx
  • Square feet 423,000
  • Price $ 50,000,000
  • Price per foot $ 118.20
notes
The seven-story rental building sold for $50,000,000.
  • Event Sales
  • Address 189-10 37th Avenue
  • Neighborhood Queensboro Hill
  • Borough Queens
  • Square feet 53,810
  • Price $ 11,700,000
  • Price per foot $ 217.43
  • Event Sales
  • Address 98 Morningside Avenue
  • Neighborhood Central Harlem
  • Borough Manhattan
  • Square feet 65,800
  • Price $ 21,600,000
  • Price per foot $ 328.27
  • Event Sales
  • Address 2755, 2763 Sedgwick Avenue 11 West 172nd Street 41 West 184th Street 2291 University Avenue 226 West Tremont Avenue 1786 Topping Avenue 2076 Creston Avenue 2238 Morris Avenue 1631 Grand Avenue 2322 Grand Avenue West 228th Street 159 West 228th Street
  • Neighborhood Midtown
  • Borough Bronx
  • Price $ 53,700,000
  • Event Sales
  • Address 260 Elizabeth Street
  • Neighborhood Nolita
  • Borough Manhattan
  • Square feet 63,500
  • Price $ 61,000,000
  • Price per foot $ 960.63
notes
The mixed-use buildings sold for $61 million. Includes 262, 264, 266, 268 Elizabeth Street.
  • Event Sales
  • Address 204-206 West 133rd Street, 2247 Seventh Avenue, 2484 Seventh Avenue
  • Neighborhood Midtown
  • Borough Manhattan
  • Price $ 61,000,000

...Property Advisors and Steven Vegh’s one-broker shop Westwood Realty Associates are all dominant players in that space. Cushman emerged as the top dog in...

featureisales
02/16/16
...since at least 2012? Or that in 2015, one-man operation Westwood Realty Associates nearly quadrupled the sales it was doing in 2012? The Real Deal's research outfit, TRData...

...on the ranking are familiar names, some, like Westwood Realty Associates, which is headed by Steven Vegh, did an impressive $889 million in business. The borough...

...several firms from its ranking. Those firms are: Westwood Realty Associates, which did 10 deals worth $368 million; ABS Partners Real Estate, which did six deals totaling...
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