John Chang has over 15 years of experience in real estate sales transactions and valuation. John is the team lead of the John W. Chang Team, which is among the top broker teams in NYC focusing on listings, international buyers and high end clients. His team consists of 6 agents who specialize in various locations around New York City and the group is fluent in English, Russian, Chinese and Korean.
Besides the standard listings sold, John has also sold short sales, REO properties, distressed sales and properties with uncooperative tenants.
John has previously worked as the Senior Director of Acquisitions at Ultimate Realty LLC, a NYC real estate development firm. His duties at the firm included the following:
Negotiated sale/ purchase agreements with sellers, put together acquisition proposals.
Financing, oversee all due diligence, secure entitlements and oversee the close of escrows.
Follow through with facilities and construction to insure all seller requirements are met with regard to the development of the property.
Performed financial analyses of prospective investment opportunities including the creation of Performa models and sensitivity analyses for project cash flows and investment return.
Worked with NYC zoning, housing, and building departments regarding permits, tenants and landmark issues.
Mr. Chang has produced market valuation reports of large downtown and suburban office buildings; shopping centers; apartment complexes; high rises, retail buildings; churches; vacant land; cooperative buildings; Factories; convenience stores; restaurants; and contaminated properties. Assignments have ranged from a feasibility study for a condo conversion in New York City, to contaminated properties in Orange County. These projects were commissioned by lending institutions and law firms.
Mr. Chang is proficient in using Excel and Argus to produce discount cash flows, estimate internal rates of return, and forecast regional economic growth and impacts.
M.B.A. in Global Management, State University of New York Binghamton
B.S. in Management Information Systems, State University of New York Binghamton