Property's next generation: 10 brokers under 30
Revealed: 10 brokers under the age of 30 who are fast risers in a marketplace increasingly infused with technology.
Nick Gavin, 29
The Corcoran Group, senior associate
Start date: June 2008
Highest degree/school: B.A., Adelphi University
Favorite band: Rolling Stones
Favorite restaurant: Indochine
Preferred social media outlet: Facebook
If not a broker? A hotelier or developer
Not many real estate brokers can say they made money for their clients in the past few years. Nick Gavin can.
After less than a year on the job at Corcoran, he helped a couple buy a three-bedroom prewar condo in Greenwich Village for $3 million—a risky move in a still-dicey market. But 18 months later, he brokered the sale of that unit for $1.4 million more than his clients had paid and $200,000 above the asking price.
“Timing is everything, ” said Mr. Gavin, adding that a little good fortune also helps. “There’s a saying in my family: Luck follows long periods of hard work. ”
After college, Mr. Gavin put in two years in the hospitality industry, working for hot hotelier André Balazs and BR Guest’s Stephen Hanson. Then, just three months before Lehman Brothers collapsed, he signed on at The Corcoran Group.
By then, Mr. Gavin had amassed numerous big-name contacts, many of them in entertainment, who then became clients. He declined to name names, but they reportedly include actor Mickey Rourke and Victoria’s Secret model Maryna Linchuk.
Mr. Gavin has been a member of Corcoran’s multimillion-dollar club for the past two years. He is on track to maintain that elite designation this year: He has more than $5 million in apartments under contract and a $20 million deal in the works.