Jason Halpern: A Unique Real Estate Developer

Jason Halpern is a unique real estate developer. His family has been involved in developing commercial and residential real estate for 50 years. That makes Jason Halpern the third generation of Halperns that have played a major role in developing New York real estate. Jason Halpern took over the family business, JMH Development, in 2010 when he became managing partner. The company currently has more than $500 invested in New York real estate. It include Class A commercial space and numerous residential apartments in Westchester County and 9 luxury townhouses in the greater Brooklyn area.

Jason’s Family

Developing historically significant properties is Jason Halpern’s specialty. And he has a stellar track record doing it. He uses his experience, unique development expertise, vision and foresight to make changes that improve the buildings but are also acceptable to all the stakeholders in the communities where the buildings are located. While he is passionate about these projects, he is sensitive to their historical significance, builds rapport with the people in the cities in which he does development and respects the communities in which he works. Those are his guiding principles.

Excellent projects in Brooklyn like the transformation of a warehouse at 184 Kent into 340 luxury apartments, the project called Townhouses of Cobble Hill and many other innovative projects across the state reflect Jason Halpern’s unique vision, expertise and creativity. He has also helped the company to acquire and develop a number of pioneering properties. This has helped the company to prosper and led many people to have even greater respect for the Halpern name in general and JMH Development in particular. They trust that when Jason Halpern and his team take on a project it will be done properly.

Jason Halpern: Real Estate Entrepreneur

But Jason Halpern is more than just an innovative real estate developer, he is also a caring human being. He has given to charitable causes generously of his time and resources and has been involved in many philanthropic endeavors. They include making significant donations to Westchester Medical Center’s Joel A. Halpern Trauma Center. The Level 1 Trauma Center can now handle open-heart surgery, orthopedic surgery, complex emergency neurosurgery, reattachment of severed limbs and care for burn victims and people internal injuries that are life-threatening.

Jason’s Own Time

Halpern and JMH Development have created a partnership with Water, the global non-profit charity. JMH donates $20,000 every time someone purchases an apartment in their residential development Three Hundred Collins in Miami. The donations have provided clean, safe water for countless people in Ethiopia and Nepal through its support of Splash and the Relief Society of Tigray. And Jason Halpern remains committed to using his prodigious real estate development expertise to benefit as many people all around the world as possible.


Predictions in the real estate industry in New York City

The New Year is here and everyone is excited about it. The real estate industry in New York City is looking forward to a dynamic time, and everyone is hoping that the year will be good to them. There have been several condo developments in the past years that have been launched, and it is expected that they will start to get closings. In Brooklyn and Manhattan, new buildings for rental are expected to hit the market too.

Here are some predictions for the real estate industry in New York City apartments for rent in 2016.

The interest rates are expected to significantly rise with the corresponding prices. There has been a threat of interest rates rising for some time now, but the reality will be seen in 2016. The rates will go up, making the buyer demand to cool down, which will lead to cooling the pressure on the prices.

There will be deals in the industry, but they will difficulty to put in place, meaning that it will be hard to close them.

The buyers are also expected to take longer when making their decisions. Nowadays, buyers need to visit several house before they can settle on what they require. Most of these buyers have to consult too.

The existing gap between unrealistic and realistic sellers is expected to grow.

People buying the houses will focus more in the prime location when choosing their houses.
Baby boomers are also expected to increase importance in the market. This group is very important for the sellers.

The potential buyers in Brooklyn might be tempted to purchase new rental houses that will be offering initiatives.

Luxury condos that are considered to be from $10million located in Manhattan will increase in inventory as new buildings come up.

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