Jun 17, 2025

Real Estate Lessons From $2 Billion In Sales with Scott Harris

Scott Harris, founder of Magnetic in NYC, shares his journey to launching a real estate firm, including insights into luxury sales, market trends, and New York’s housing and development challenges.

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Episode Overview

In this episode of The Land Development Podcast, host Ryan Glick sits down with Scott Harris, the founder of Magnetic, a New York-based residential brokerage. Scott shares how working in high-end real estate led him to launch his own firm after over two decades in the industry. He opens up about the early influences of his parents in real estate and how their dinner table conversations sparked his eventual career.

Scott dives into the complexity of New York’s real estate market, discussing everything from office-to-residential conversions to navigating the city’s dense zoning rules and union dynamics. He also explains how his company advises developers and helps shape luxury projects, even in the face of tight restrictions and skyrocketing construction costs.

He reflects on the launch of Magnetic, and how it’s helped him focus on what he loves most, connecting with people and building value through relationships. Scott also shares a few behind-the-scenes stories from his career, including holding together a $20 million penthouse deal through the uncertainty of the COVID-19 pandemic.

Finally, Scott offers advice for developers and entrepreneurs looking to succeed in competitive markets like New York. From emphasizing the power of relationships to warning about cutting corners on quality, he brings a grounded and experienced voice to the table, sharing both his wins and hard-earned lessons.

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