4,000 sf Retail Condominium
Upon assuming management, there were significant tenant arrears and the owner’s relationship with condominium management was severely strained. We immediately met with condominium management and tenants to advise of a change in operation and attention. We managed exterior upgrades of the property while working with the New York City Landmarks Preservation Commission and a local advocate group, Landmarks West. We successfully maintained rent collection after September 11, 2001 which had a severe impact on the retail economy. In addition, we obtained a Certificate of Occupancy for basement space which had been illegally leased and occupied. Our improved management enabled the owner to sell property for a significant profit.