Medallion Real Estate LLC

- 112-18 Queens Blvd, Flushing, NY 11375

For New York property owners and real estate investors, managing a property can be a demanding and complex task. From handling tenant relations and maintenance issues to navigating the city's intricate regulatory landscape, the responsibilities can quickly become overwhelming. This is where a professional real estate agency, particularly one specializing in management, becomes a crucial partner. Medallion Real Estate LLC, located in Flushing, Queens, is one such firm that offers a wide array of services aimed at helping property owners and investors maximize their assets. Their services span from full-service property management to real estate investment and consulting, suggesting a comprehensive approach to handling real estate portfolios.

In a borough as diverse and densely populated as Queens, efficient and effective property management is essential. Medallion Real Estate LLC positions itself as a company that provides full-service management, covering everything from day-to-day operations to long-term strategic planning. This includes crucial tasks such as rent collection, lease administration, and handling maintenance issues. For an owner with a busy schedule or a large portfolio of properties, outsourcing these tasks to a professional team can save a significant amount of time and effort. The firm also offers specialized services like common area maintenance reconciliations, a critical accounting process for commercial and co-op buildings to ensure tenants are billed accurately for shared expenses. This level of detailed financial and administrative management is a key part of their value proposition.

A crucial aspect of property ownership in New York is compliance with the city's numerous and ever-changing regulations. Medallion Real Estate LLC lists "compliance management" and "regulatory issues management" as part of their services, indicating an understanding of this critical need. They also offer "legal services" related to real estate, which is vital for handling lease agreements, evictions, and other legal matters that can arise with tenants or city agencies. The complexities of New York City building codes and cooperative apartment regulations can be daunting, and having a management team that is knowledgeable about these matters is a significant advantage. The firm's focus on risk management and regulatory compliance suggests they aim to protect their clients' investments by proactively addressing potential issues and ensuring all legal requirements are met.

The firm also appears to be involved in real estate investment and project management services. This suggests they work not only with existing property owners but also with investors looking to expand their portfolios or undertake new development projects. Their services, such as "site evaluation," "site design," and "project management services," indicate a role that goes beyond simple brokerage. This kind of comprehensive support is particularly valuable in a market like New York, where identifying viable investment opportunities and managing construction or renovation projects requires a deep understanding of market trends and logistics. By offering services like "Bid Program" and "Management Analysis," they seem to assist clients in making informed, data-driven decisions about their real estate assets, whether it’s for a single property or a larger portfolio.

However, it is important for any potential client to be aware of the public feedback and online reviews that the company has received. As evidenced in the provided information, a review from a tenant details a series of very serious and ongoing issues, including excessive noise from construction, unaddressed water leaks, and a lack of responsiveness from management. The tenant mentions suffering from anxiety and being forced to consider legal action and withholding maintenance fees to get a resolution. This review paints a picture of severe customer service failures and a potential disregard for tenant well-being and property upkeep. Other reviews mention "terrible management," being "unresponsive," and acting "only based on self interest," with one reviewer stating, "Don’t walk run away." While some reviews can be positive, these negative testimonials are a critical piece of information that a potential client must take into account. They highlight a significant gap between the services offered on paper and the actual execution of those services, particularly concerning property management and tenant relations.

The discrepancy between the company's stated services—which include things like full-service management and preventative maintenance—and the detailed accounts of unresolved issues from tenants is a point of major concern. For a property owner considering Medallion Real Estate LLC for management, these reviews suggest a risk of damaged tenant relationships, potential legal problems, and a failure to protect the long-term value of the property through proper maintenance. A good property manager should be a reliable intermediary who handles issues efficiently, not a source of conflict and neglect. While every company has its share of difficult customers, the nature of these complaints, which describe ongoing noise violations and water damage left unattended, points to systemic issues that a prospective client should investigate thoroughly before making a commitment.

Ultimately, a property management company is chosen for the peace of mind it provides. An owner should feel confident that their property and tenants are in good hands. The provided reviews challenge this assumption and suggest that an owner may be taking on more risk than they are offloading. For those considering Medallion Real Estate LLC, it would be wise to ask very specific questions about their communication protocols, how they handle tenant complaints and maintenance requests, and what their process is for ensuring regulatory compliance. Requesting references from current clients and speaking with tenants in properties they manage could provide a clearer picture of their day-to-day operations and whether they are the right fit for your property.

Location and Accessibility

Medallion Real Estate LLC is located at 112-18 Queens Blvd, Flushing, NY 11375, USA. Queens Boulevard is a major thoroughfare and a central commercial corridor in Queens, making the office highly accessible. It is conveniently situated near several subway stations, including the E, F, M, and R trains at the Union Turnpike-Kew Gardens station. This robust public transportation access makes the office easy to reach for clients from across Queens and Manhattan. The central location in Flushing also positions the firm in a key real estate hub, allowing it to be well-connected to local market trends and property networks. This accessibility is a benefit for clients who may need to visit the office for consultations or to sign paperwork.

Services Offered

• Property Management Services: Full-service management for residential and commercial properties.
• Lease Administration and Renewal: Managing lease agreements, ensuring compliance, and handling renewal processes.
• Financial Reporting and Custom Reporting: Providing detailed financial overviews and custom reports for property owners and investors.
• Bid Program: Assisting clients with a bidding program, likely for property sales or acquisitions.
• Real Estate Investment: Guidance and services for real estate investors.
• Project Management Services: Oversight for new construction or renovation projects.
• Compliance and Risk Management: Ensuring properties meet regulatory standards and mitigating legal risks.
• Building Inspections: Conducting inspections to assess property condition and maintenance needs.
• Legal Services: Providing real estate-related legal assistance.

Features / Highlights

• Comprehensive Service Portfolio: Offers a wide range of services for property owners and investors, from management to investment and legal support.
• Focus on Compliance: Specializes in managing regulatory and legal issues.
• Located on a Major Thoroughfare: Situated on Queens Blvd, offering easy accessibility via public transportation.
• Extensive Property Management Services: Provides full-service management, including maintenance, rent collection, and financial reporting.

Contact Information

Address: 112-18 Queens Blvd, Flushing, NY 11375, USA

Phone: (718) 997-6211

What is worth choosing

When considering a real estate agency, especially for property management, it is crucial to weigh the company's stated services against its reputation and client feedback. On one hand, Medallion Real Estate LLC offers an extensive list of services that could be a one-stop solution for a property owner or investor in New York. Their expertise in areas like compliance management, financial reporting, and project oversight suggests they have the technical knowledge to handle complex real estate portfolios. This breadth of service is a significant advantage. On the other hand, the detailed and severe negative reviews from a tenant regarding unaddressed maintenance issues and unresponsiveness cannot be overlooked. These reviews raise serious questions about the company's reliability and its ability to effectively execute the very services it promises. For a prospective client, this information should serve as a strong cautionary note. While the company may offer a robust suite of services on paper, the real-world experiences of their tenants, as described in public forums, indicate a potential for significant operational and communication issues. Therefore, while their service list may be impressive, a prudent client should prioritize thoroughly vetting the firm, perhaps by speaking with a wide range of current clients and tenants, to determine if they can be a trustworthy and effective partner. The choice of a real estate agency is a critical investment in your peace of mind and the value of your property, and this decision requires more than just a review of a service list.

Medallion Real Estate LLC

112-18 Queens Blvd, Flushing, NY 11375, USA