Brad Zackson is a Founding Principal of Dynamic Star and a leading figure in real estate development, finance and management in New York City and overseas. Mr. Zackson is known for his creative approach to real estate development and his uncanny ability to spot opportunities and to anticipate future trends. Early in his career, Mr. Zackson was the exclusive broker and manager for Fred Trump of the original Trump Organization, where he managed and supervised over 45,000 residential units in the New York area.
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Over a period of six years during the late eighties and early nineties, Mr. Zackson converted over 100 rental properties into co-ops and condominiums in New York City and the surrounding areas. He specialized in successfully steering a real estate project through all stages of the development process. From investment analysis through purchase, development, management and operations, and finally marketing and sales, he was actively involved in all the critical aspects of the asset management and sales, which included the purchase of the buildings, the highest and best use of the property, and its repositioning, the implementation of the plan including redesign of lobbies, hallways, and apartments, as well as formulating management philosophies, policies, and procedures; developing and implementing marketing programs, and creating pre-approved financing packages for the end-user, which in turn led to faster sales and higher sales prices.
Mr. Zackson’s successes in New York later opened an international opportunity when he developed the “Singapore Project,” a 17,000 low income unit development in Sao Paulo. Mr. Zackson’s pioneer concept of building multiple units in a high-density, rather than high rise framework, allowed him to secure $250 million in financing through the Inter-Development Bank.
Recently, Mr. Zackson was the driving force in the acquisition of 3 significant property assemblages in Long Island City, New York. The first property 23-10 Queens Plaza South, is now a 44 Story rental tower with 391 units and future commercial development coming. The second property know as the “Clock Tower Building” was a masterful assemblage of two adjacent properties, owned by different owners as well as the expedited purchase of air rights from the MTA to create a 1,000,000 developable sq ft site with a 15 year 421a and no affordable component required. Mr. Zackson spearheaded the acquisitions, zoning lot merger and other critical “paper” development aspects in order to close this transaction before the original 421a deadline was set to expire. The third property, also in Long Island City, very near 23-10 Queens Plaza South, was an off market transaction, friendly negotiation from a non-seller. Mr. Zackson was able to accommodate the sellers needs by agreeing to a sale leaseback and the seller agreeing to allow the necessary work for Mr. Zackson to secure a 421a Tax Abatement under the laws that were extended 6 months past the deadline. Now with a up-zoning in the area pending, Mr. Zackson’s vision has created a significant value increase.
A native of New York City, Mr. Zackson is active in New York civic and political circles. He has served on several boards, including the Board of the Central Park Conservancy, the Board of New York CARES, the Board of the Association of Builders and Owners (ABO), and the Board of the Jewish Museum of New York. Mr. Zackson is a recipient of the Ellis Island Medal of Honor.
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