On Monday, January 18th, Yeshivah of Flatbush held its first ever Real Estate Club meeting. With the Real Estate businesses booming and being one of the most profitable business in America, Yeshivah of Flatbush realized the importance of developing future real estate minds. Realizing this, President of the Club, Joeseph Cayre, brought in a special speaker to educate the Flatbush students, alumnus Professor Eric Stern (HS '00). Eric is the Managing Director and Co-Founder of Stern Properties, with Eric’s specialty being the Multi-Family and Mixed-Use sectors of real estate. He is also a professor at the Schack Institute of Real Estate at New York University.
Professor Stern came in to help build the foundation and teach the fundamentals of real estate to students who are interested in learning more about the real estate field. Professor Stern taught us about the reason behind land appreciation and how economical trends greatly impact the Real Estate market. We discussed key terms in the business like: Basis, Gross, Net Operating Income, Cash Flow, Gentrification, and Cap Rates. After gaining a basic understanding of the field we are excited for the future of the Real Estate Club, and furthermore the business of Real Estate.
~Marvin E. Azrak, Class of 2017
