Next Step Realty

Last updated
Next Step Realty
TypePrivate
Industry Real estate
Founded2010
Founders Blair Brandt & Belton Baker
Headquarters
New York City
,
United States
Key people
 Blair Brandt (CEO)
Jason Briggs (Chairman)
Website www.thenextsteprealty.com

Next Step Realty is a real estate brokerage firm based in New York City, New York. The agents help young professionals rent and buy apartments in New York City. Many of their clients are recent college and post-graduate alumni relocating to New York City, as first-time New York City renters.

Contents

In 2015, ABC Family announced that a business-based docu-series would be created to follow Next Step Realty and their clients, in an unscripted, original format. It was not renewed after its only season.

History

Blair Brandt and Belton Baker co-founded Next Step Realty, following a soft launch in 2010. [1] After working in the real estate market in Florida, Brandt noticed an opportunity to assist young professionals in finding their first urban homes and in particular a lack of ethical, customer-friendly rental services in New York City. [2]

Brandt moved to New York City, following a $100,000 capital infusion from angel investor Jason Briggs, who was then elected to be chairman, becoming a day to day presence 'offering a more experienced perspective', and Brandt's primary partner. [3] [4] [5] The soft launch led to the company expanding quickly, and Brandt, aged 23, was listed as the featured real estate entrepreneur in Forbes annual 30 under 30. [6]

Shortly after the launch of the company, the founders distributed a mailshot to peers and other college friends. Within the first month, the company had 100,000 visits to their website. In late 2012, the company announced the acquisition of one of their competitors in the New York City realtor market, Post Graduate Apartments. [7]

Locations

In 2014, the firm opened its first two storefront locations in New York City, in the East Village & Upper East Side of Manhattan. In March 2015, Next Step opened its third storefront location, and new flagship office, in the West Village of Manhattan, at the former townhouse of famed preservationist Jane Jacobs. [8]

Business model

One of the entry routes to the market for the company was to increase the range of amenities offered to customers while also charging a lower percentage of the broker fee, a dynamic made possible by the firm's high customer conversion rate. [9]

The staff was predominantly made up of people in their mid-20s, who had experienced similar trials to their clients. In the company's first year, they grew to a staff of around 40 people. [3]

During the same year, the company also announced a seed investment of $1 million to help expand the business to other cities in the United States. [10]

Next Step Realty: NYC

In April 2015, Disney announced the launch of a new show, Next Step Realty: NYC. [11] The show would air on ABC Family, premiering Tuesday August 11, 2015 at 9pm ET on the cable network. [12] [13]

Related Research Articles

<span class="mw-page-title-main">Cushman & Wakefield</span> Global commercial real estate services firm

Cushman & Wakefield plc is an American global commercial real estate services firm. The company's corporate headquarters is located in Chicago, Illinois.

HomeServices of America is the United States's largest residential real estate services company, based on closed transactions. The company provides real estate brokerage services, mortgage loan origination, franchising, title insurance/escrow and closing services, home warranties, property insurance, casualty insurance, and relocation services.

<span class="mw-page-title-main">Keller Williams Realty</span> American real estate franchise headquartered in Austin Texas

Keller Williams Realty is an American technology and international real estate franchise with headquarters in Austin, Texas. It is the largest real estate franchise in the United States by sales volume as of 2022.

<span class="mw-page-title-main">Broad Exchange Building</span> Residential skyscraper in Manhattan, New York

The Broad Exchange Building, also known as 25 Broad Street, is a residential building at Exchange Place and Broad Street in the Financial District of Lower Manhattan in New York City. The 20-story building was designed by Clinton & Russell and built between 1900 and 1902. The Alliance Realty Company developed the Broad Exchange Building as a speculative development for office tenants.

Newmark Group Inc. is a commercial real estate advisory and services firm headquartered in New York City. It operates as Newmark, and is listed on the NASDAQ Global Select Market under the symbol "NMRK".

Edward Alexander Mermelstein is New York City’s Commissioner for International Affairs. He is also an attorney, financial investment advisor, media pundit and real estate developer.

<span class="mw-page-title-main">The Dorilton</span> Housing cooperative in New York City

The Dorilton is a luxury residential housing cooperative at 171 West 71st Street, at the northeast corner with Broadway, on the Upper West Side of Manhattan in New York City. The 12-story building, designed by local firm Janes & Leo in the Beaux-Arts style, was built between 1900 and 1902 for real estate developer Hamilton M. Weed. The Dorilton is a New York City designated landmark and is listed on the National Register of Historic Places.

<span class="mw-page-title-main">The Belnord</span> Condominium building in Manhattan, New York

The Belnord is a condominium building at 225 West 86th Street on the Upper West Side of Manhattan in New York City. The 13-story structure was designed by Hiss and Weekes in the Italian Renaissance Revival style and occupies the full block between Broadway, Amsterdam Avenue, and 86th and 87th Streets. It was built between 1908 and 1909 by a syndicate of investors as a rental apartment building. The Belnord is a New York City designated landmark and is listed on the National Register of Historic Places.

<span class="mw-page-title-main">DocuSign</span> American Technology Firm

DocuSign, Inc. is an American company headquartered in San Francisco, California, that allows organizations to manage electronic agreements. As part of the DocuSign Agreement Cloud, DocuSign offers eSignature, a way to sign electronically on different devices. DocuSign has over 1 million customers and hundreds of millions of users in more than 180 countries. Signatures processed by DocuSign are compliant with the US ESIGN Act and the European Union's eIDAS regulation, including EU Advanced and EU, Qualified Signatures.

RealtyTrac is a real estate information company and an online marketplace for foreclosed and defaulted properties in the United States. It was founded in 1993 and is based in Santa Barbara, California. It publishes a monthly U.S. Foreclosure Market Report.

<span class="mw-page-title-main">Prologis</span> American real estate company

Prologis, Inc. is a real estate investment trust headquartered in San Francisco, California that invests in logistics facilities. The company was formed through the merger of AMB Property Corporation and Prologis in June 2011, which made Prologis the largest industrial real estate company in the world. As of December 2022, the company owned 5,495 buildings comprising about 1.2 billion square feet in 19 countries across North America, Latin America, Europe, and Asia. According to The Economist, its business strategy is focused on warehouses that are located close to huge urban areas where land is scarce. It serves about 6,600 tenants. Prologis began to expand its non-real estate business, Essentials, in 2022, offering customers solar power, racking systems, forklifts, generators, and EV charging infrastructure. and other logistics tech equipment for purchase.

<span class="mw-page-title-main">Nicholas Schorsch</span>

Nicholas Sloan "Nick" Schorsch (born March 2, 1961) is an American entrepreneur, investor, and philanthropist. Schorsch is the Chairman, CEO, and co-founder of the investment services firm American Realty Capital.

<span class="mw-page-title-main">Veris Residential</span> American real estate investment trust

Veris Residential, Inc. is a real estate investment trust headquartered in Jersey City, New Jersey that invests primarily in commercial real estate in New Jersey.

Purplebricks Canada is a Canada-based real estate brokerage and a subsidiary of Desjardins Group.

Revaluate is artificial intelligence for the real estate and mortgage industry. Revaluate segments lists and databases for marketers by propensity to move. The award winning third party validated accuracy is the best in the industry at identifying people who are likely to move in the next six months. Marketers use this refined and targeted data to greatly increase the efficiency of their campaigns. On Dec. 1, 2020, Revaluate announced the launch of Reside, a growth engine to bring new business; stepping beyond the limitations of their current database, Reside allows marketers to choose new geographic areas for customer growth, blending new customer lists into existing sales processes. This newly segmented database will introduce them to market segments, people, and business opportunities that they may never have connected with otherwise.

Madison Marquette Real Estate Services is a Washington D.C.-based investor, developer and operator of mixed-use real estate. Madison Marquette provides investment management, development, leasing and property services to a diverse portfolio of 330 assets in 20 states and manages an investment portfolio valued at over $6 billion.

<i>Next Step Realty: NYC</i> American TV series or program

Next Step Realty: NYC is an American reality television series that aired on ABC Family from August 11, 2015 to October 15, 2015. It was about the company, The Next Step Realty, which helps people find apartments in New York City with an exclusive tour using chauffeured limousines to transport clients.

<span class="mw-page-title-main">Blair Brandt</span>

Blair Brandt is an American real estate entrepreneur, former reality television personality, animal welfare advocate, and political advisor. He is the co-founder of Next Step Realty. Forbes listed Brandt in their annual 30 under 30 list, at the age of 23.

<span class="mw-page-title-main">Shrikant Joshi</span>

Shrikant Prabhakar Joshi is the chief executive officer and managing director of L&T Realty, the Real-estate arm of $21 billion building and development conglomerate Larsen & Toubro Ltd.

<span class="mw-page-title-main">Compass, Inc.</span> American real estate technology company

Compass, Inc. is an American licensed real estate broker that utilizes the Internet as a marketing medium with the use of real estate technology. Compass employs more than 25,000 agents who earn a percentage of the selling price and give a percentage of each commission to Compass, consistent with the traditional real estate brokerage business model. Compass specializes in high-margin, luxury homes in upscale markets. Founded in 2012, the company is headquartered in New York City. The company provides software to real estate agents. Compass is the first company to have built a proprietary mobile app for real estate agents.

References

  1. ↑ Silverman, Sam (July 19, 2011). "6 hot dorm-room startups". CNN.
  2. ↑ "Next Step Realty: On the Up and Up". Quest Magazine. August 13, 2013.
  3. 1 2 Pomorski, Chris (May 20, 2014). "Abercrombie and Rich: The Trials and Tribulations of Preppy Upstart Next Step Realty". The New York Observer.
  4. ↑ Cocuzzo, Robert (August 30, 2013). "Home Boy". Nantucket magazine.
  5. ↑ "Next Step Realty: On the Up and Up". Quest magazine. August 13, 2013.
  6. ↑ Brennan, Morgan (December 19, 2011). "30 Under 30: Real Estate". Forbes .
  7. ↑ Galante, Meredith (November 26, 2012). "Recent College Grads Launch A Real Estate Agency For An Untapped Market". Business Insider.
  8. ↑ Rosenblum, Constance (September 7, 2012). "The Launching Pad". New York Times .
  9. ↑ Laskey, Jen (July 1, 2015). "Taking the Next Step". Nantucket Magazine.
  10. ↑ "College Grads Take 'Next Step' in Realty". Bloomberg. March 25, 2015.
  11. ↑ "Next Step Realty NYC". IMDb.
  12. ↑ Littleton, Cynthia (April 1, 2015). "ABC Family Ramps Up Docu-Series Slate with 3 Orders". Variety.
  13. ↑ Pedersen, Eric (April 1, 2015). "ABC Family Orders Three More Reality Series". Deadline Hollywood.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.