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Printed from StreetEasy.com at 05:15 PM, Jul 18 2024
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Otis Duffy

Licensed Real Estate Broker

Centum Real Estate Group

Experience

View this agent's total verified deal history.

About Otis Duffy

Otis Duffy is the Broker of Record of the New Jersey and the New York Office. Otis Duffy is also the sole owner and original founder of Centum Rea...
Otis Duffy is the Broker of Record of the New Jersey and the New York Office. Otis Duffy is also the sole owner and original founder of Centum Real Estate Group. Centum Real Estate Group is a New York and New Jersey Real Estate Brokerage Firm that concentrates on large commercial real estate with exclusive representation. Otis Duffy specializes in Airbnb, VRBO, Homeaway, Hotels.com, Expedia, Booked.com, and other short term rental websites. Otis started doing Airbnb in 2012 in South Beach Miami on Collins ave. Otis Duffy spent several years at Marcus & Millichap Real Estate Investment Services where he specialized the Self-Storage Industry, underwrote over $200 million in assets and helped close over $100 million. Otis Duffy Centum Real Estate Group Otis Duffy Deferred Sales Trust Otis has held a real estate license since 2004 and practices in NY & NJ. Prior to forming Centum Real Estate Group, Otis graduated from Centenary college with a degree in Business Administration in 1997, purchased his first piece of real estate shortly after in 1998 and fell in love with the real estate industry. He worked with KPMG as his first job after college and went on to play professional basketball in Europe. Upon coming back he founded a real estate company and was a managing partner that had a mortgage division, worked with foreclosures, acquisitions of distressed real estate, facilitated short sales, and specialized in creative financing. From past business to his current and beyond, Otis will work diligently to continuing his success, but more importantly, he believes in passing that success straight to the client with unparalleled real estate investment representation and advisory services. OTIS DUFFY'S EXPERIENCE: Executive Vice President/NJ Broker of Record at Centum Real Estate Group, LLC. 2013 - Present | 221 River Street Hoboken, New Jersey Centum Real Estate Group is a Real Estate Brokerage NY and NJ-Commercial & Residential. Otis Duffy as the Broker of Record of the New Jersey office manages all agents in all aspects of real estate. Principal at Duffy Investments LLC November 2010 Real Estate Investing, Licensed Sales Person with Premier Brokers RE LLC, Venture Capital, Consulting, Debt Finance, Factoring, Integration, Troubleshooting, clearing alarms of Telecommunications for T-Mobile, Auditing for AT&T. Staffing and contracting the Telecommunication industry. Business Development at Canto NYC July 2013 - September 2013 High end women's fashion label. Consultant Independent Foreclosure Review at Bank of America July 2012 - January 2013 In April 2011, The Office of the Comptroller of the Currency (OCC) and the Board of Governors of the Federal Reserve System (FRB) issued an enforcement order against 14 large mortgage servicers for deficient mortgage servicing and foreclosure practices. Associate at Marcus & Millichap February 2010 - March 2012 ? Specialized in Self Storage Underwriting, Capitalization, Cost Segregation, Solar Energy, SREC's, PPA's, etc ? Helped clients create and preserve wealth by providing real estate investment sales, financing, research and advisory services ? Part of a deal team that brokered over $1 Billion in commercial real estate transactions ? Due diligence of submarkets including rents, leases, vacancies, and demographics Developed relationships with third parties (i.e. private banks, lenders, and attorneys) Performed financial analysis of assets using capitalization rate, net operating income and expenses ? Calculated leveraged and unleveraged internal rate of return using a ten year cash flow analysis model Managing Partner at Freedom Funding 2002 - 2008 o Founded and managed Totowa, NJ Branch Office o Directed and managed staff of 5-7 professionals. o Mortgage Closings of $5-$10M per month o Designed and developed well-received targeted mortgage seminars for consumers and potential loan officers o Initiated and launched effective marketing strategies o Oversaw all daily activities, including: closings, set up commission structures, payroll, and all aspects of loan production and processing; negotiated lead sourcing/distribution. o Hired and trained employees, monitored and evaluated performance. o Developed and implemented new sales and marketing strategies to increase business and market share. o Acted as an independent real estate investor buying foreclosures, short sales and assignments. Gained extensive property management background while successfully marketing over $20M in real estate. Consultant at KPMG 1997 - 1998 o Retained to serve in advisement role for class-action litigation suit against Prudential Life Insurance. OTIS DUFFY'S EDUCATION: Centenary College B.S. Saint Thomas Aquinas College 1992 – 1993 Concentration: Business OTIS DUFFY'S INTERESTS & ACTIVITIES: Otis Duffy interests are Real Estate, Legal, Consulting, Development, Investing, Technology, Running, Sports, etc.

NY License Number

10491207419 (Expires 07/26/2025)

NY Licensed Name

Duffy Otis Patrick