Conway Capital

- 162 Montague St 2nd Floor, Brooklyn, NY 11201

Conway Capital, located in Brooklyn Heights, is a real estate agency and investment firm with a focus on acquisitions and management of residential and commercial properties in the New York City area. As a "vertically integrated owner and operator," the company specializes in "value-add investing," which involves acquiring and repositioning multi-family and mixed-use assets to enhance their financial success. Founded by Abe Cohen in 2016, Conway Capital has grown to acquire over 50 buildings and 500 apartments. Their business model is centered on a full-scale investment and management approach, leveraging expertise and strategic partnerships to stay ahead of market trends.

While the firm's business model is centered on real estate investment and management, public reviews highlight significant concerns from the perspective of tenants. Multiple reviews describe a pattern of unresponsiveness and a lack of care for tenants' well-being. Issues cited include a lack of communication, unresolved maintenance problems such as no heat during the winter, pest infestations, and unaddressed appliance issues. One review explicitly mentions a threat of power and water being shut off due to the company's alleged failure to pay bills, despite tenants paying their own utilities. Another review notes a long delay in the return of a security deposit, leading to the necessity of taking legal action in small claims court.

This stark contrast between Conway Capital’s stated business focus on investment and management and the negative experiences of tenants presents a complex picture for prospective clients. It suggests that while the firm may be successful in its acquisition and investment strategies, its tenant and property management services may be areas of significant concern. For anyone considering renting or investing in a property managed by Conway Capital, it is crucial to understand this dynamic and proceed with an informed, cautious approach.

Conway Capital is located on the second floor of a building at 162 Montague Street, Brooklyn, NY 11201, USA. This address places the firm in the heart of Brooklyn Heights, one of the borough’s most historic and prestigious neighborhoods. Montague Street is a bustling commercial thoroughfare known for its charming boutiques, cafes, and restaurants, making it a convenient and desirable location for a business.

The accessibility of this office is a key feature. The location is easily reachable via public transportation, with several major subway lines nearby. The R train at Court Street, as well as the 2, 3, 4, 5, A, C, and F trains at Borough Hall and Jay Street-MetroTech, are all within a short walking distance. This extensive network of transit options makes it simple for clients from various parts of Brooklyn and Manhattan to visit the office.

For those who drive, the area offers paid street parking, although finding a spot can be challenging in this dense, urban environment. The building itself is also accessible, featuring a wheelchair-accessible entrance, which accommodates clients with mobility needs. The prime location in Brooklyn Heights provides the company with a professional and reputable address, while the excellent public transit and accessibility features make it a convenient meeting point for investors and business partners.

• Real Estate Acquisitions and Investments: The core of the company's business is acquiring and investing in residential and commercial real estate, with a focus on value-add opportunities.
• Property Management: Conway Capital manages the properties they acquire, which includes both residential and commercial real estate. Their management is described as a "vertically integrated" model, meaning they handle all aspects from acquisition to day-to-day operations.
• Residential and Commercial Real Estate: The firm deals with both residential and commercial properties, including multi-family and mixed-use buildings.
• Real Estate Investment Services: They provide services related to real estate investment, including the repositioning of assets to increase their financial value.

• Specialized Investment Model: The firm's business model is a "vertically integrated" and "value-add" approach to real estate, focusing on acquiring properties and making them more profitable through strategic repositioning.
• Expert Leadership: The company was founded and is led by Abe Cohen, who has a background in growing high-yielding assets and is directly involved in the acquisition and redevelopment process.
• Prime Location: The office is situated in a highly desirable and accessible neighborhood in Brooklyn Heights, which is a major hub for business and residential life.
• Accessibility: The office is located in a building with a wheelchair-accessible entrance, demonstrating a commitment to serving a diverse clientele.
• Portfolio of Properties: Conway Capital manages a portfolio of more than 50 buildings and 500 apartments across New York City and Brooklyn.

Address: 162 Montague St 2nd Floor, Brooklyn, NY 11201, USA

Phone: (212) 920-7603

When considering a real estate firm in New York, it is crucial to look beyond a company’s stated mission and examine its operational reality. For Conway Capital, what is worth choosing depends heavily on whether you are an investor or a prospective tenant. For a real estate investor, the firm's business model of "value-add investing" and its track record of acquiring a significant number of properties may be compelling. The company’s focus on residential and commercial acquisitions, coupled with its expertise in repositioning assets, presents a clear strategy for generating returns. The leadership of Abe Cohen, who is directly involved in the acquisition process, could be seen as a positive for investors who prefer a hands-on approach.

However, for a prospective tenant, the public reviews and information available paint a very different picture. The consistent complaints about a lack of communication, unresolved maintenance issues, and the reported failure to pay utility bills are significant red flags. While some of these issues, such as a lack of heat during the winter, can be a major inconvenience, others, such as the threat of power being shut off, can be a serious safety and legal issue. The struggle to get security deposits returned suggests a lack of professional accountability. Given this, a tenant looking for a reliable and responsive management company would be advised to exercise extreme caution and consider these reviews as a critical part of their decision-making process.

In a market like New York City, where a good landlord is invaluable, a firm's reputation for property management is just as important as its business model. While Conway Capital may be an attractive choice for those looking to invest in real estate, the provided information and reviews indicate that their services from a tenant's perspective may fall significantly short. Ultimately, anyone considering a relationship with Conway Capital, whether as a resident or a business partner, should weigh the firm's investment track record against the serious concerns raised by its tenants regarding their day-to-day operations and responsiveness.

Conway Capital

162 Montague St 2nd Floor, Brooklyn, NY 11201, USA