Elias Properties

- 500 N Broadway # 257, Jericho, NY 11753

In the dynamic world of commercial real estate in New York, a trusted and experienced partner is crucial for businesses and investors looking to secure or manage their properties. Elias Properties, a privately owned real estate investment company, has a long-standing history in the commercial real estate industry, dating back to the 1940s. While some real estate agencies focus on residential transactions, Elias Properties has cultivated a deep specialization in investing in and developing retail properties across Long Island and Brooklyn. This unique focus, combined with decades of experience, makes them a significant player in the commercial real estate market. This article will provide a clear overview of Elias Properties, detailing their location, their specific services, and the key features that define their business model. We will explore how their focus on commercial real estate and a particular way of working has shaped their operations and how this may impact local businesses in the New York region.

Elias Properties operates as a real estate investment and management company. Unlike a traditional residential real estate agency that facilitates a wide range of property types, this firm's business model centers on the ownership, development, and management of its own portfolio of commercial properties. This portfolio primarily consists of neighborhood shopping centers, free-standing buildings, and big-box retail spaces. While the firm's history is rooted in the Long Island and Brooklyn areas, their portfolio has expanded to include properties in multiple states, demonstrating a broad reach and a solid track record. This business model means that when a user interacts with Elias Properties, they are likely engaging with the property owner directly, or a representative of the ownership group. This can present a different kind of experience than working with a broker who lists properties on behalf of many different landlords. Elias Properties has a long history of working with major national clients, including developers, owners, and tenants, as well as businesses that have substantial real estate needs, which speaks to their expertise and scale.

Elias Properties is located at 500 N Broadway # 257, Jericho, NY 11753, USA. This address places the firm in a desirable and accessible location in Jericho, a part of Long Island that is well-known for its commercial activity and convenient access to major roadways. The office is situated in a professional suite building, which is common for real estate investment and management firms. The availability of a wheelchair-accessible entrance and a wheelchair-accessible parking lot is a thoughtful feature, ensuring that clients with mobility challenges can easily visit the office for a meeting. This level of accessibility is an important consideration for many businesses and individuals. Being located in Jericho, a central hub on Long Island, provides the firm with a strong base of operations to manage its local portfolio, which includes properties in Astoria, West Babylon, and other surrounding communities. The central location also makes it convenient for clients to reach the office from across Nassau and Suffolk counties.

Based on available public data, Elias Properties offers a specific set of services related to its commercial real estate holdings. These services are primarily focused on the leasing and management of its own properties rather than brokerage services for third parties. The company's expertise includes:

• Commercial Property Leasing: The firm's main service is the leasing of commercial spaces within its portfolio, which includes retail locations, office spaces, and other business properties. They work with both national retailers and smaller businesses.
• Property Management: As the property owner, Elias Properties handles the management of its real estate portfolio. This likely includes day-to-day operations, maintenance, and tenant relations.
• Acquisitions and Development: The company actively invests in and develops new properties. Their expertise in this area is a core part of their business model, as they seek to expand their portfolio and create new opportunities.
• Consultation on Commercial Real Estate: As an experienced owner and developer, the firm can provide consultation on commercial real estate transactions, drawing from a deep well of knowledge in areas like land assemblage, construction, and lease negotiations.

The business model and history of Elias Properties present several key features that are important for potential clients to understand. These highlights define how the firm operates and its place in the market.

• Privately Owned and Operated: As a privately owned company, Elias Properties has a direct, hands-on approach to its portfolio. This means that clients are likely dealing with the decision-makers directly, which can sometimes streamline the negotiation and leasing process.
• Specialization in Commercial Real Estate: Unlike many general real estate agencies, Elias Properties specializes almost exclusively in commercial and retail properties. This deep expertise can be a significant advantage for businesses seeking very specific types of spaces.
• Long-Standing History: With a history dating back to the 1940s, the firm has weathered many economic cycles and has a proven track record of acquiring, developing, and managing properties. This longevity can instill confidence in clients looking for a stable and reliable partner.
• Focused on a Proprietary Portfolio: The business model of working primarily with their own properties is a key characteristic. This means they are not a general brokerage that will show you every available property in the area. Instead, they work with clients to find a suitable space within their specific holdings.

For businesses interested in leasing commercial space from Elias Properties, the contact information is as follows:

Address: 500 N Broadway # 257, Jericho, NY 11753, USA

Phone: (516) 822-8844

When considering a real estate partner, it's essential to align your needs with the firm's business model. Elias Properties is worth choosing for businesses and tenants who are specifically interested in a commercial property within their portfolio and who prefer to work directly with the property owner. For businesses seeking a retail or office space on Long Island, the firm’s long-standing history and extensive experience in commercial real estate acquisitions, development, and management can be a significant benefit. Dealing with a firm that owns its properties may offer a more direct line of communication regarding lease terms and building management. However, it is important to note that the firm's business model, as described in public reviews, can mean they operate with a very specific, and sometimes limited, network of cooperating brokers, which may impact the breadth of options available. For a prospective tenant, it means that they should be prepared to work directly with the Elias Properties team and focus on the spaces they have available. For a business that values the direct owner-to-tenant relationship and is a good fit for one of the company's many properties, Elias Properties could be a valuable and reliable partner. Their decades of experience and deep focus on commercial real estate provide a level of specialization that can be hard to find in a general brokerage, making them a unique option in the New York commercial market.

Elias Properties

500 N Broadway # 257, Jericho, NY 11753, USA