Steven Vegh | The Real Deal New York

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Steven Vegh

Founder
Westwood Realty Associates
570 7th Avenue, Suite 807
New York, NY 10018
(212) 961-6833
Website
Steven-Vegh

Steven Vegh began his real estate career focusing on the capital markets side of the business, with loans to owners and developers. But after his first real estate sale, Vegh said he was hooked and never looked back.

Veghs father worked at Cooper Horowitz, and instilled in Vegh a love of the real estate industry. Vegh began working as a broker for GFI Capital, where he stayed for nearly nine years. After that Vegh was a managing partner at Multi-Investment Group, where he focused on property acquisitions. Finally, in 2012, after being asked to represent a client in a deal, Vegh decided to go back to brokerage and opened his own firm, Westwood Realty Associates.

Even though Vegh is still the only broker at Westwood, he is clearing as much in sales as some larger shops. Vegh quickly closing more than $1.5 billion in sales in the first two years of operating, including record sales prices in the Bronx and Williamsburg. During itsfirst year alone, Vegh's firm ranked as the 15th highest investment sales firm in New York by The Real Deal, netting $368 million in 10 deals. By 2014, Westwood had climbed slightly higher, to 11th on the list with $889 million in deals, much of that in the latter half of the year. In some cases, Vegh represented the buyer and the seller in big deals, as with the $67 million off-market sale of 838 West End Avenue.

Vegh graduated from Brooklyn College.


The NYC investment sales market has a new No. 1 firm. Here’s who it is
02/06/18
...Upper Manhattan are still strong for multifamily,” said Steven Vegh, head of the one-person multifamily brokerage Westwood Realty Associates, which took 14th place with...

Isaac Kassirer is buying a 21-building multifamily portfolio in Harlem
02/02/18
...-2258 Adam Clayton Powell Boulevard. Westwood Realty Associates’ Steven Vegh Westwood Realty Associates’ Steven Vegh is brokering the deal, which is slated to close...

The investment sales shakeout
...Upper Manhattan are still strong for multifamily,” said Steven Vegh, head of the one-person multifamily brokerage Westwood Realty Associates, which took 14th place with...

Isaac Kassirer and Harbor Group are selling 15 Bronx buildings for $65M
01/30/18
...Mott Haven and Fordham neighborhoods. Westwood Realty Associates’ Steven Vegh is the broker on the deal. Kassirer, Soleimani and Vegh declined to comment. Ben...

PHOTOS: Inside Madison Realty Capital’s holiday bash
12/01/17
...Hertz, HPNY’s Ivan Hakimian, Westwood Realty Associates' Steven Vegh, Bluestone Group’s Eli Tabak and Newmark Knight Frank’s Dustin Stolly. Mark Maurer...

Treetop buys Far Rockaway rental complex for $135M
11/21/17
...two blocks from the beach. Westwood Realty Associates’ Steven Vegh represented both sides in the deal. From left: Steven Vegh, Azi Mandel and Adam...

Ex-Thor multifamily execs buying Bronx building previously sought by their old boss
07/25/17
...because Thor lacked multifamily acquisition experience without them. Steven Vegh Westwood Realty Associates’ Steven Vegh, who brokered the deal, declined to comment, as did...

Investors tied to 199 Lee sell eight-building Bronx-centric portfolio
07/20/17
...from Urban American for $37 million. Westwood Realty Associates’ Steven Vegh, who represented both sides in the deal, declined to comment. Neither Rubin nor Paradise...

ICSC 2017: The excess at XS
05/22/17
...Zamir, PD Properties’ Elad Dror, Westwood Realty Associates’ Steven Vegh and several others. A couple tables over was Haim Chera. Though Simon Ziff was...

Medallion buys 222-unit Bronx rental for $38M
03/22/17
...Abraham Bleeman, via YouTube, and Westwood Realty Associates' Steven Vegh) Medallion Corporation, a Toronto-based multifamily development firm led by the Bleeman family, is adding...

Abro Management buys two Brighton Beach rentals from Hudson Companies for $47M
03/17/17
...From left: Steven Vegh, 1125 Banner Street and David Kramer Richard Scharf’s Abro Management nabbed two adjacent Brighton...

The new investment
sales game
...Cushman, Marcus & Millichap, Ariel Property Advisors and Steven Vegh’s one-broker shop Westwood Realty Associates are all dominant players in that space. Cushman...

Brookfield lends on Kassirer’s $358M “Dawnay Day” purchase
12/16/16
...said. From left: Shimon Shkury, Victor Sozio and Steven Vegh Ariel Property Advisors’ Shimon Shkury and Victor Sozio represented the sellers, while Westwood Realty...

Inside Cooper-Horowitz’s mid-day cocktail party: PHOTOS
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...

Inside Madison Realty Capital’s holiday bash: PHOTOS
12/02/16
...Real Estate Services’ David Sturner; Westwood Realty Associates’ Steven Vegh; Nest Seekers International’s Ryan Serhant; Citi Habitats’ Gary Malin and David Maundrell; Corcoran...

Thor to buy 280K sf Bronx rental for $43M
09/14/16
...the Bronx (inset from top: Joseph Sitt and Steven Vegh) Joseph Sitt’s Thor Equities is in contract to pay $42.5 million for a 280,000-square-foot...

E&M pays $22M for Chaim Miller’s distressed Crown Heights rental
09/01/16
...was still pending in court. Westwood Realty Associates' Steven Vegh brokered the off-market deal, sources said. Miller’s real estate portfolio, which once exceeded...

PHOTOS and highlights from TRD’s 6th annual golf outing
08/10/16
...money is coming in ferociously.” Westwood Realty Associates’ Steven Vegh said that off-market deals continued to happen at a brisk pace. JLL’s MarkAngelo...

Madison Realty Capital brings Arel Capital in as partner on Rego Park buy, closes $136M deal
07/05/16
...Capital’s equity investment in the joint venture. Steven Vegh of Westwood Realty Associates brokered the off-market sale of the property from New Jersey-based...

ICSC Day 3: Work hard, play harder – PHOTOS & highlights
05/24/16
...Erik Horvat of Fosun International, Westwood Realty Associates' Steven Vegh and Newmark’s Jimmy Kuhn and Jeffrey Roseman. Many ended up heading to XS...

Isaac Kassirer to buy 47-building East Harlem portfolio for $350M-plus
05/24/16
...familiar with the negotiations said Westwood Realty Associates’ Steven Vegh was involved. None of the parties involved in the deal responded to requests for...

MNS’ David Behin now leading Brooklyn sales for Newmark
05/23/16
...such as Aaron Jungreis’ Rosewood Realty Group and Steven Vegh’s Westwood Realty Associates. Behin and Kuhn, however, believe they can make a dent...

Starwood financing Westbrook and RXR’s $161M purchase of 47 Hall: sources
03/04/16
...Westbrook COO Sush Torgalkar, Starwood Capital's Barry Sternlicht, Steven Vegh, Ruby Schron and Scott Rechler, With 47 Hall Street UPDATED, 1:14 p.m., March 7: Westbrook Partners...

Harbor Group, Isaac Kassirer buy 38-building Bronx portfolio for $140M
03/01/16
...two decades, property records show. Westwood Realty Associates' Steven Vegh The package also includes 24 retail spaces. The buildings are spread across Mott Haven, Hunts...

Madison Realty Capital to pay $135M for massive Rego Park rental
02/01/16
...Mermelstein, Madison Realty's Josh Zegen and Westwood Realty's Steven Vegh Madison Realty Capital is in contract to buy Saxon Hall, a 420-unit rental building...
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  • 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.
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  • 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.
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  • 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.
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  • 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.
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  • Event Sales
  • Address 90 Sullivan Place
  • Neighborhood Crown Heights
  • Borough Brooklyn
  • Price $ 21,500,000
notes
The rental building sold for $21.5 million.
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  • 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.
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  • 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.
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  • 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.
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  • 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.
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  • Event Sales
  • Address 220 West 116th Street
  • Neighborhood Central Harlem
  • Borough Manhattan
  • Price $ 25,800,000
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  • 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.
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  • Event Sales
  • Address 98 Morningside Avenue
  • Neighborhood Central Harlem
  • Borough Manhattan
  • Square feet 65,800
  • Price $ 21,600,000
  • Price per foot $ 328.27
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  • Event Sales
  • Address 435-429 Third Avenue
  • Neighborhood Kips Bay
  • Borough Manhattan
  • Price $ 68,300,000
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  • Event Sales
  • Address 301 West 45th Street
  • Neighborhood Hell's Kitchen
  • Borough Manhattan
  • Price $ 132,500,000
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  • 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
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  • 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.
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  • Event Sales
  • Address 204-206 West 133rd Street, 2247 Seventh Avenue, 2484 Seventh Avenue
  • Neighborhood Midtown
  • Borough Manhattan
  • Price $ 61,000,000
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  • Event Sales
  • Building Name 450 and 452 Amsterdam Avenue
  • Address 452 Amsterdam Avenue
  • Neighborhood Upper West Side
  • Borough Manhattan
  • Price $ 12,500,000
  • Publication Date 09/01/2012
  • Event Date 07/23/2012
  • Party 1 Silverstone Property Group
  • Party 1 Brokerage Multi Investment Group
  • Party 1 Broker Steven Vegh
  • Party 2 Trevi Retail
  • Party 2 Brokerage Multi Investment Group
  • Party 2 Broker Steven Vegh
notes
The rental buildings sold for $12.5 million. The properties have a combined four retail units, which are leased to a bar, two restaurants and a stationery store.
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  • Event Sales
  • Address 450 and 452 Amsterdam Avenue
  • Neighborhood Upper West Side
  • Borough Manhattan
  • Price $ 12,500,000
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  • Event Sales
  • Address 88 Leonard Street
  • Neighborhood Tribeca
  • Borough Manhattan
  • Price $ 37,000,000
notes
A 49 percent stake in the rental building closed for $37 million. The transfer of Africa Israel USA's remaining stake, the senior mortgage and the mezzanine loan is expected to close in the first half of 2012. The prices for those components were $17 million, $132 million and $24 million, respectively, according to a previous report by Bloomberg News, for a total cost of about $210 million. The deal is being closed in two stages for accounting purposes, according to David Schwartz, Waterton Associates' co-founder.
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  • Event Sales
  • Address 1150 President Street
  • Neighborhood Crown Heights
  • Borough Brooklyn
  • Price $ 1,050,000
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  • Event Sales
  • Address 252 12th Street 300 12th Street 280 14th Street
  • Neighborhood Midtown
  • Borough Brooklyn
  • Price $ 13,000,000
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  • Event Sales
  • Address 2758-2762 Ocean Avenue
  • Neighborhood Sheepshead Bay
  • Borough Brooklyn
  • Price $ 2,700,000
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  • Event Sales
  • Address 577 Marcy Avenue
  • Neighborhood Bedford-Stuyvesant
  • Borough Brooklyn
  • Price $ 2,100,000
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  • Event Sales
  • Address 1401 67th Street
  • Neighborhood Dyker Heights
  • Borough Brooklyn
  • Price $ 1,900,000
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