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BBB Accredited Business
NY Department of State Approved

Condominium Development 101

A 7.5 hour class approved by the NY Deptartment of State for real estate continuing education credits.

Course Info & Registration


Available Class Dates and Times:

click here for continuing education schedule for this course

 

Condo Development 101: $75

Course approved for 7.5 hours of continuing education.

Register for the Premium Package
 

Click Here for complete continuing education schedule

About The Course

Condominium Development 101 is a course in building and selling a condominium project in New York.  The main focus is on the basic foundation of buying, constructing, financing and selling a residential condominium project.  There are a lot of details that are involved in development which can’t be covered in one class.  The course will touch on the main points of the outline below with a short answer and question after the lecture.  The course is designed for residential brokers to understand the concept from the acquisition of the property to building to the final touches of a turnkey condominium.

Course Topics

Among the many topics, this class will include:

1.Acquisition or Assemblage

  • Identify Property-20 Minutes
  • Zoning- 20 Minutes
  • Market feasibility- 20 Minutes
  • Neighboring Comparables of sale- 20 Minutes
  • Design Concept- 20 Minutes
  • Team-15 Minutes

2. Business Plan

  • Executive Summary-15 Minutes
  • Financial Budget-15 Minutes
  • Construction Cost-15 Minutes
  • Pricing-15 Minutes

3. Construction Financing

  • Architect-20 Minutes
  • Engineers- 20 Minutes
  • Hard Cost-20 Minutes
  • Soft Cost-20 Minutes
  • Interest Reserve-20 Minutes
  • Permits-15 Minutes

4. Sales and Marketing

  • Brochures and Design-20 Minutes
  • Sales Office-20 Minutes
  • Sales Team-20 Minutes
  • Advertising-20 Minutes
  • Website-15 Minutes

5. Closing

  • Contract-Legal-20 Minutes
  • Financing-15 Minutes
  • Punch List- 15 Minutes
  • Certificate of Occupancy-15 Minutes

 

About The Instructor

Sam Suzuki, honored as one of the top 50 Asian American Businessmen in 2005, has been in real estate finance and development for 29 years. His experience includes real estate debt workouts, construction, multi-family management, and retail development.  Mr. Suzuki was the Principal and founder of Hunter Property management LLC, a company he formed in 2008 to develop low income housing. Prior to Hunter, Mr. Suzuki spent 13 years as principal/CEO of vintage group, LLC, a $500 million real estate development group which he co-founded in 1994 to acquire real estate and develop vacant land into multi-family apartment buildings. NYARM and ABO twice awarded Vintage with “Best Management Company”, in 2003 and 2005.

Mr. Suzuki has vast experience in purchasing non-performing assets, including multi-family buildings, from banks and financial institutions. Notable transactions include working with Banker Federal (now Washington Mutual), Gotham Bank, Intervest and IDB to acquire $200 million in distressed debt during the Savings and Loans crises. Additionally, Mr. Suzuki collaborated with Lehman Brothers and private investors to purchase $100 million in distressed debt from Korean Banks.

Mr. Suzuki is a distinguished developer of multifamily buildings, commercial retail, residential townhouses, affordable housing, garden apartments and extended stay hotels.  He is responsible for over $300 million in residential condominium projects in New York City including highlights such as Loft 14, Number 5 and Clement Clarke.

Mr. Suzuki started his career as a mortgage specialist for Dime Savings Bank. Soon after, he was recruited into Citibank's Japanese Investment division for high net worth individuals. There, he specialized in real estate commercial loan syndication and customized residential loans for private banking clients. His experience includes advising Japanese clients on the acquisition of investment property in the US and managing multi-family residential properties for the workout group at Citibank.

Mr. Suzuki holds a degree in Accounting from Pace University.   On his free time, he volunteers teaching Karate at St. Bart’s Church in NYC and teaching a development class at the New York Real Estate Institute (NYREI).

Locations

Manhattan Branch

132 West 36th, 2nd Floor
New York, NY 10018
*Use entrance at 139 West 35th St. on nights and weekends (Between 7th and Broadway, North Side of Macy's) Phone: (212) 967-7508
Directions


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