Skip to main content
aerial 440 monticello ave 062 reddoor resized aerial 440 monticello ave 062 reddoor resized
Christopher M. Zarpas
Christopher M. Zarpas Photo Christopher M. Zarpas Photo

Vice President
Christopher M. Zarpas Photo

About Chris Zarpas

I began my commercial real estate training at the age of 12, during long car rides visiting properties with my father, a successful commercial real estate broker and developer in Washington DC. By the age of eighteen, I was well versed in concepts such as “cash on cash return” “net operating income” and “percentage rent”. A graduate of George Washington University and Brooklyn Law School, I have a diverse foundation of corporate and entrepreneurial business experience, including four years as the Vice President of Production and Acquisitions for Walt Disney Studios in Burbank, California.

I bring an analytical and highly creative approach to the acquisition, development, sale and leasing of commercial real estate in all categories. Among my areas of special concentration are investment property, mobile home parks, healthcare, office and retail real estate. I have a sophisticated and strategic vision of sales and marketing that allows me to obtain the highest prices for my seller clients and the best possible terms when representing buyers, landlords and tenants.

Notable Recent Transactions

  • Simon Premium Outlet – 48 AC Land Acquisition – Price Undisclosed—Norfolk, VA
  • Magnolia Lakes Mobile Home Park Sale – $10.3MM – Suffolk, VA
  • Land Sale – 17 AC – $6.2MM – Virginia Beach, VA
  • Land For RV Resort Development – 350 AC – $4MM – Coinjock, NC
  • Medical Office Land Sale – $2.9MM – Chesapeake, VA
  • Blair’s Creek Mobile Home Park Sale – $2.6MM – Smithfield, VA
  • Medical Office Building Sale – $1.3MM – Virginia Beach, VA
  • Medical Office Building Sale – $912,500 – Virginia Beach, VA
  • Medical Office Building Sale – $3.3MM – Virginia Beach, VA

  

About S.L. Nusbaum Realty Co.

 

 Founded in 1906, S.L. Nusbaum Realty Co. offers the full spectrum of real estate services, including mixed-use development, commercial development, multi-family development, property management, leasing, sales & brokerage, and full menu of financial services.

Over the past 40+ years, we have developed over 6 million square feet of retail space comprising 54 shopping centers, over 7,000 residential units in approximately 50 apartment communities, 18 Walgreens stores and numerous fee development projects with a wide range of project types and financial structures. Pictured on my homepage is the Wells Fargo Center, one of the major distinctive and recognizable features of Downtown Norfolk, Virginia.

Developed by S.L. Nusbaum Realty Co. and completed in 2010, this $160 million mixed-use development, in which we have our regional headquarters, features the region’s first LEED Gold Certified high-rise office building. This Class A development is comprised of a twenty-three story, 255,000 square foot office tower, 50,000 square feet of retail space, 1,859 parking spaces within2 garages and 121 luxury apartments (Monticello Station) and a branch location for Wells Fargo Bank. Among our tenants numerous are many prestigious national and local business and professional firms.

In total, we currently manage and lease over 5 million square feet of commercial space, and over 200 apartment communities from Georgia to the Maryland suburbs of Washington DC, with over 28,000 residential units.

 

Recent News

 

 Commercial Real Estate Will Survive Pandemic

Local Man Knew “The Sand Lot”

Currituck County RV Park Sold for $4 million

Wisdom

 

– Franklin D. Roosevelt


“To be successful in real estate, you must always and consistently put your clients’ best interests first. When you do, your personal needs will be realized beyond your greatest expectations.”

– Anthony Hitt


“Those who work their land will have abundant food, but those who chase fantasies have no sense.”

– Proverbs 12:11


“Borrow a million bucks, you don’t sleep. Borrow 10 million, the bank doesn’t sleep.”

– Herbert Haft, Real Estate Developer and Founder, Dart Drug Stores


“Ninety percent of all millionaires become so through owning real estate. More money has been made in real estate than in all industrial investments combined. The wise young man or wage earner of today invests his money in real estate.”

– Andrew Carnegie, Scottish Businessman and Philanthropist


“There have been few things in my life which have had a more genial effect on my mind than the possession of a piece of land.”

– Harriet Martineau


“I’d get down low, turn my plane up on its side, and fly right over a town. Once we had a spot picked out, we’d land, go find out who owned the property, and try to negotiate the deal right then and there. That’s another good reason I don’t like jets. You can’t get down low enough to really tell what’s going on, the way I could in my little planes.”

– Sam Walton


“There is money to be made in every kind of real estate market. Good, bad or indifferent.”

– Alan Nusbaum


“Landlords grow rich in their sleep without working, risking or economizing.”

– John Stuart Mill, English Philosopher and Economist


“Real Estate is the best investment there is, because you can’t steal bricks and mortar.”

– Blackie Auger – Proprietor, Blackie’s House of Beef. Washington DC


“If you don’t own a home, buy one. If you own a home, buy another one. If you own two homes, buy a third. And, lend your relatives the money to buy a home.”

– John Paulson, Investor and Multi-billionaire


“PUT. THAT. COFFEE. DOWN. Coffee is for closers only.”

– Alec Baldwin in Glengarry Glen Ross


“Real estate investing, even on a very small scale, remains a tried and true means of building an individual’s cash flow and wealth.”

– Robert Kiyosaki


“Find out where the people are going and buy the land before they get there.”

– William Penn Adair, Cherokee Indian and Confederate State Army Colonel


“Land monopoly is not only monopoly, but it is by far the greatest of monopolies; it is a perpetual monopoly, and it is the mother of all other forms of monopoly.”

– Winston Churchill


“A house will never buy you an income property, but an income property will buy you a house. Buy the income property first.”

– Mike Zarpas – Washington DC Commercial Real Estate Broker b. 1919 – d. 2000


“A man complained that on his way home to dinner he had every day to pass through that long field of his neighbor’s. I advised him to buy it, and it would never seem long again.”

– Ralph Waldo Emerson


“One of the greatest investments of our lifetime has been New York City real estate, and investors made the highest returns when they bought stuff during the 1970s and 1980s when people were getting mugged. The lesson is that you make the most money when you buy stuff that’s out of consensus.”

– Mary Meeker, Morgan Stanley Investment Analyst


“Don’t wait to buy land, buy land and wait.”

– Will Rogers – Humorist


“Real estate is an imperishable asset, ever increasing in value. It is the most solid security that human ingenuity has devised. It is the basis of all security and about the only indestructible security.”

– Russel Sage, Wall Street Financier and Railroad Executive


“I started in the supermarket business in the early ’70s. And by ’75, ’76, I realized you don’t have a business unless you own the real estate.”

– John Catsimatidis – CEO of Gristedes Foods, The largest grocery chain in NYC


“Buy land, they’re not making it anymore.”

– Mark Twain


“Real estate is at the core of almost every business, and it’s certainly at the core of most people’s wealth. In order to build your wealth and improve your business smarts, you need to know about real estate.”

– Donald Trump


“The major fortunes in America have been made in land.”

– John D. Rockefeller


“Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good results.”

– Warren Buffett


“Now, one thing I tell everyone is learn about real estate. Repeat after me: real estate provides the highest returns, the greatest values and the least risk.”

– Armstrong Williams


“He is not a full man who does not own a piece of land.”

– Hebrew Proverb


“I made a tremendous amount of money on real estate. I’ll take real estate rather than go to Wall Street and get 2.8 percent. Forget about it.”

– Ivana Trump


“I would give a thousand furlongs of sea for an acre of barren ground.”

– Shakespeare


“Buying real estate is not only the best way, the quickest way, the safest way, but the only way to become wealthy.”

– Marshall Field


“The best investment on earth is earth.”

– Louis Glickman


“In the real estate business you learn more about people, and you learn more about community issues, you learn more about life, you learn more about the impact of government, probably than any other profession that I know of.”

– Johnny Isakson


“The small landholders are the most precious part of state.”

– Thomas Jefferson