Yassky Properties

- 424 Madison Ave, New York, NY 10017

The New York City real estate market is one of the most competitive and complex in the world. For individuals and businesses seeking to invest in, manage, or find properties, a clear understanding of the market's unique dynamics is essential. Unlike a typical real estate brokerage that focuses solely on transactions for clients, some firms are primarily real estate investment and management companies that own and operate their own portfolios. Yassky Properties is one such firm, focusing its efforts on the ownership and management of a diverse range of properties within the New York metropolitan area.

Yassky Properties is a real estate investment firm that owns and operates all the properties within its portfolio. Founded in the early 1980s, the company has developed a business model centered on long-term investment and hands-on property management. Rather than brokering deals for others, they focus on a "vertically integrated" approach, which means they handle everything from acquisition and development to ongoing management of their assets. This allows them to have intimate knowledge of their properties and to make strategic, long-term decisions to maximize value. Their portfolio includes a mix of residential and retail/commercial properties in both Manhattan and Brooklyn, as well as suburban shopping centers in other markets. Their disciplined regional concentration enables them to make informed decisions based on a deep understanding of the local marketplace.

While a firm with this business model primarily serves its own investment goals, its approach can have a significant impact on tenants and the overall quality of their properties. The company aims to create unparalleled value by leveraging its collective experience and networks within both the commercial and residential sectors. This approach suggests a focus on creating and maintaining high-quality assets.

Yassky Properties is located at 424 Madison Ave, New York, NY 10017, USA. This address places the firm in the heart of Midtown Manhattan, a location synonymous with commercial and financial activity. Madison Avenue is a prestigious and well-known thoroughfare, and a presence here signifies the firm's standing in the New York real estate world. For clients and business partners, the location is extremely accessible. The building is centrally located near multiple major subway lines, including the 4, 6, E, M, N, R, and W trains, and is within walking distance of Grand Central Terminal. This makes it convenient for anyone in the city to reach. The high-profile location is also a benefit for a business-to-business firm like Yassky Properties, as it provides a central hub for meetings and operations within the financial and business core of Manhattan.

The physical address and their business model indicate that they are an active part of the New York metropolitan real estate community, with a strategic presence in key commercial areas.

Based on the available public information, Yassky Properties is primarily engaged in the ownership, development, and management of its own portfolio of properties. While they do not function as a traditional agency brokering deals for the public, their activities are a crucial part of the New York real estate market.

• Real Estate Investment: The company focuses on acquiring properties in two key markets: the New York Metropolitan area and suburban shopping centers. Their strategy involves making intelligent investment decisions based on their intimate knowledge of these specific marketplaces.

• Property Ownership and Management: Yassky Properties owns and operates its real estate portfolio directly. This includes a mix of residential and commercial buildings. Their management team is directly involved in the daily operations of these properties, from leasing to maintenance.

• Residential and Commercial Portfolio: Their portfolio includes a variety of assets, from multi-family apartment buildings in Manhattan and Brooklyn to retail condominiums and commercial spaces. This diversity shows their versatility and comprehensive approach to the real estate market.

• Development and Repositioning: The firm has experience in real estate development, including projects like the development and sale of luxury condominiums. They also acquire vacant buildings with the intent to rehab and sell them, indicating a focus on creating value.

A firm with Yassky Properties' business model is distinguished by several key features and highlights.

• Vertically Integrated Model: The fact that they own and operate their own properties is a significant highlight. This "vertically integrated" model gives them a high degree of control over their assets and a deep, firsthand understanding of the market.

• Regional Concentration: Their disciplined focus on the New York Metropolitan area allows them to build specialized expertise in a complex and competitive market. This regional concentration is a key part of their strategy to build value.

• Decades of Experience: Having been founded in the early 1980s, Yassky Properties has decades of experience in the New York real estate market. This longevity demonstrates a deep knowledge base and a history of navigating various market cycles.

To learn more about Yassky Properties, you can use the provided contact information.

Address: 424 Madison Ave, New York, NY 10017, USA

Phone: (212) 223-1270

Mobile Phone: +1 212-223-1270

When evaluating a real estate firm, especially one that owns and manages its own properties, it is crucial for potential tenants and partners to consider all available information. The provided customer reviews, which are identical and highly negative, claim that a specific property at 403 E. 8th Street is "infested with cockroaches," has an unrepaired hole in the ceiling, and that the building's stoop is used by addicts. These are serious allegations that point to significant issues with property maintenance and tenant safety.

While Yassky Properties' business model of owning and operating its own portfolio can be a strength—as it implies a vested interest in the long-term value of its assets—these reviews present a significant red flag. They suggest a disconnect between the firm's stated goal of creating "unparalleled value" and the reality of their tenants' living conditions. For anyone considering renting in a Yassky Properties building, these reviews are a critical piece of information. They highlight the importance of not only researching the firm but also visiting the specific property in person and speaking with current tenants to get an accurate picture of living conditions.

Therefore, based on the provided customer feedback, it would be irresponsible to recommend Yassky Properties for a residential tenant. A company's reputation for ethical management and property upkeep is its most important asset, and the reviews provided suggest severe deficiencies in these areas. While the firm's investment strategy and location are notable, a potential tenant must prioritize their safety and quality of life above all else.

Yassky Properties

424 Madison Ave, New York, NY 10017, USA