Margules Properties Inc Introduce
In the complex and competitive world of New York City real estate, having a knowledgeable and experienced partner is essential, especially when your focus is on investment. The city's market offers immense opportunities for growth and value creation, but it requires a strategic approach and a deep understanding of local trends. Margules Properties Inc has established itself as a significant player in this specialized field, with a long-standing track record of acquiring and managing a diverse portfolio of properties. Their expertise is not in the typical residential buying and selling that many people associate with real estate agencies, but rather in the more intricate realm of real estate investment and estate investment. This focus allows them to provide a level of specialized service that is highly valued by property owners and investors.
Margules Properties Inc has a history rooted in identifying and capitalizing on emerging neighborhoods and underperforming assets, a strategy that has proven successful over decades. They have been early pioneers in areas like Chelsea, the East Village, and the Lower East Side, anticipating growth and repositioning properties to maximize their value. Their business model revolves around in-house management, which they believe enables better quality control and cost-effectiveness for the assets they own and operate. This integrated approach, which includes everything from sourcing off-market deals through their extensive broker network to managing day-to-day operations and handling repairs through a dedicated affiliate, distinguishes them as more than just a real estate agency; they are a full-service investment firm with a hands-on approach to their portfolio.
The location of a business can often reflect its focus and clientele. Margules Properties Inc is situated at 381 Park Ave S King, New York, NY 10016, USA. This address places them in the heart of the NoMad/Flatiron District, a centrally located area known for its mix of classic and modern commercial and residential buildings. The accessibility of this location is excellent for conducting business in Manhattan. The office is easily reached by several subway lines, including the 6, N, R, and Q, which have stops a short walk away. Its proximity to major transportation hubs like Grand Central Terminal and Penn Station also makes it convenient for clients traveling from different parts of the city or beyond. Located on Park Avenue South, a bustling thoroughfare, the office is in a prime business district that is both highly visible and well-connected.
While the name might suggest a general real estate agency, the provided information and public data indicate a specific specialization. Margules Properties Inc focuses on the following:
Real Estate Investment: This is their core business. The firm specializes in identifying, acquiring, and managing income-producing properties. Their portfolio primarily consists of multi-family, office, and retail properties. Their investment strategy involves acquiring properties with growth potential and actively managing them to increase income and value over time. They have a history of focusing on properties that may be undervalued or in need of repositioning to maximize returns.
Estate Investment: While often used interchangeably with real estate investment, this term can also refer to managing a portfolio of assets for a high-net-worth individual or family. Given the nature of their work with various LLCs and investor syndications, Margules Properties Inc operates in this space, handling the complexities of large-scale property portfolios.
Several features and highlights underscore the specialized nature and business model of Margules Properties Inc.
Specialized Focus on Investment: Unlike a traditional brokerage that serves a wide range of clients, their model is dedicated to property acquisition, management, and long-term investment. This specialization gives them a deep understanding of the financial and operational aspects of real estate as an asset class.
In-House Management: The firm manages its own properties in-house, a strategy that allows for greater control over day-to-day operations, maintenance, and expense management. This hands-on approach is a key part of their business model and a highlight of their service offering.
Strategic Market Identification: Margules Properties Inc has a proven ability to identify and invest in neighborhoods poised for growth. This forward-thinking strategy has allowed them to acquire assets in areas that later become some of New York's most sought-after locations, showcasing their market foresight.
Extensive Network: Their long-standing relationships with local brokers provide them with access to off-market deals and valuable market information, giving them a competitive edge in sourcing new investment opportunities.
For those interested in learning more about their investment strategies or for business inquiries, Margules Properties Inc can be contacted at their office.
Address: 381 Park Ave S King, New York, NY 10016, USA
Phone: (212) 684-7079
What makes Margules Properties Inc a worthy consideration, particularly for serious investors and property owners, is their deep-seated expertise and unique business model. They are not a general-purpose real estate agency; they are a specialized firm that has built its reputation on strategic real estate and estate investment. For individuals or entities looking for a partner to manage a real estate portfolio or identify and acquire income-producing properties in New York City, their focused approach is a significant advantage. The firm's history of successfully navigating complex deals and their commitment to in-house management suggest a level of control and expertise that is rare. While their services are geared towards a specific type of client, for those who fit their niche, Margules Properties Inc offers a robust and experienced partnership for achieving long-term real estate investment goals in the challenging New York market.
Margules Properties Inc Services
Real Estate Agency
- Estate Investment
- Real Estate Investment
Margules Properties Inc Photos
Margules Properties Inc Location
Margules Properties Inc
381 Park Ave S King, New York, NY 10016, USA
Margules Properties Inc Reviews
managementunitrent
★ 5★ 4★ 3★ 2★ 1This company is a joke. They never want to help with the most basic issues such as a broken lock or something as simple as obtaining a/c unit measurements for installation. They never pick up the phone and if they do (which is maybe once every 2 months), they are absolutely no help and provide incorrect information to you just so they can get you off the phone. I've never dealt with a management company this poorly run and it's genuinely sad that they take advantage of tenants who are simply trying to live in their homes safely and comfortably.
May 27 · Sarah KimThis company is a joke. They never want to help with the most basic issues such as a broken lock or something as simple as obtaining a/c unit measurements for installation. They never pick up the phone and if they do (which is maybe once every 2 months), they are absolutely no help and provide incorrect information to you just so they can get you off the phone. I've never dealt with a management company this poorly run and it's genuinely sad that they take advantage of tenants who are simply trying to live in their homes safely and comfortably.
May 27 · Sarah KimManagement is slow to respond to calls / emails and is sloppy, rude, and disrespectful when they finally reply. Don't waste your money renting from them.A mouse was seen in at least 2 different apartments in 1 month. Management's response included "It's just 1 mouse" - as if any more than zero is ok. The hot water and heat goes out a few times every winter / fall. They charged a late fee when I paid rent a week early - I had to pull bank statements to prove their mistake.You can rent a better place with better landlords for the same amount of money.Their holdings include: 247 w 26th st, 251 w 26th st, 199 E 4th st and MANY others throughout the city.
October 28 · J.JManagement is slow to respond to calls / emails and is sloppy, rude, and disrespectful when they finally reply. Don't waste your money renting from them.A mouse was seen in at least 2 different apartments in 1 month. Management's response included "It's just 1 mouse" - as if any more than zero is ok. The hot water and heat goes out a few times every winter / fall. They charged a late fee when I paid rent a week early - I had to pull bank statements to prove their mistake.You can rent a better place with better landlords for the same amount of money.Their holdings include: 247 w 26th st, 251 w 26th st, 199 E 4th st and MANY others throughout the city.
October 28 · J.JWill try to give you the runaround on your security deposit also will hold out on turning heat on in winter until a few weeks after legal required to do so. Also will lie about rent stabilized units
March 17 · Zach HillWe did roof work for them and they did not pay their bill, it's been over 6 months now and even after they review the bill multiple times (since you can see that on QB), they still are not paying for the services rendered.
June 19 · Sej DeribinWe did roof work for them and they did not pay their bill, it's been over 6 months now and even after they review the bill multiple times (since you can see that on QB), they still are not paying for the services rendered.
June 19 · Sej DeribinTerrible company! Unprofessional and rude management, never acknowledged several extremely important emails, even made me pay for my own key copy after they sent the wrong one! Horrible, stay far away.
April 06 · Emanuel Joseph-SchilzTerrible company! Unprofessional and rude management, never acknowledged several extremely important emails, even made me pay for my own key copy after they sent the wrong one! Horrible, stay far away.
April 06 · Emanuel Joseph-Schilz
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