Properties Managed by Walter & Samuels, Inc

STAFF WORK SCHEDULES

We carefully monitor staff expenses. To minimize overtime and schedule overlap, our agents frequently review staff schedules with building managers and personnel. When a regular staff member is absent, we use qualified substitute workers, most of whom we have employed for several years. If overtime is absolutely necessary, the building agent must approve it on an individual basis. We are always up to date on union rules and regulations and in the past have utilized this information for the betterment of the property, resulting in significantly improved payment schedules.

PURCHASING

Buying construction and building materials on behalf of the firm's large real estate portfolio provides cost-effective purchasing power to ensure the best possible prices for our clients. Whether we are shopping for new windows or masonry services, experience has taught us that the best prices are achieved by a strict competitive bidding procedure and thorough review with ownership.

INSURANCE

Because we manage commercial as well as residential properties, we are part of a risk purchasing group, through which we buy insurance for more than fifty properties at a time. As a result, all of our clients receive extensive coverage at extremely low rates.

CONSTRUCTION

Walter & Samuels, Inc. has extensive in-house expertise in all facets of construction, design and renovation for commercial, retail and residential properties. All major improvements are reviewed by our on-staff committee of experts and discussed in plain language with you. In fact, our personnel are not only expert in technical matters, but also in communicating—so even the least experienced owner/investor will understand all salient issues.
• Energy efficiency. To make your building more energy efficient, we begin every asset management assignment with a comprehensive energy audit, and participate regularly in Consolidated Edison's rebate program. We recommend changes to building owners that will not alter the quality of life for tenants. For instance, we might propose switching from incandescent to fluorescent lighting to reduce energy usage, or replacing old windows to provide better insulation. We can also conduct a study of your building's energy usage to determine which would be more efficient—oil, gas or a dual-fuel system. Of course, we would also consider the length of time it could take to recoup the cost of a conversion from one fuel system to another. Over the past several years, we have initiated a number of programs that have enabled owners to substantially benefit from fuel cost savings.

PREVENTIVE MAINTENANCE

When you have been in the management business as long as us, you learn to appreciate the important relationship of preventive maintenance to the overall operation and appearance of a building. Our agents perform semi-annual full building inspections, checking areas such as emergency stairwells, storage rooms, roof drains, exterior masonry and courtyards, as well as common areas for signs of wear-and-tear and weather damage. These intensive audits are the best way to avoid expensive emergency repairs, replacements and building violations. We also implement routine preventive-maintenance schedules, including the cleaning of oil tanks, building canopies, and cooling tower equipment.

During the course of the year, we will also compare monthly projections with actual expenditures, allowing for seasonal and annual variations.

SAFE AND SECURE BUILDINGS

We demand tight security, advising building owners on developing strict guidelines for access, deliveries and staff supervision. We examine a building's history for potential security flaws and recurring problems that may have affected the tenant's quality of life and resulted in unnecessary expenses to ownership.

J-51/TAX CERTIORARI EXPERTISE

Walter & Samuels, Inc. works closely with its specialized tax counsel to ensure that all capital renovation projects are structured in a manner that allows your building to receive the maximum tax benefit. We have the expertise to present a profile of your building in the most favorable light to ensure that it is taxed at the lowest possible rate.

LOOKING AHEAD

When it comes to the implementation of new technology, compliance with government-mandated requirements, or routine equipment replacement, we are always steps ahead of the game. Our agents prepare five-year maintenance schedules, spreading modifications (and amortizing costs) over time based on levels of importance. We require owner-approval on schedule prior to work commencement. By recently implementing new I.T. technology for many of our property owners, we have not only enhanced tenant services, but also generated increased revenues.

387 Avenue of the Americas
New York, New York
(North West Corner of Waverly Place)

389 Avenue of the Americas
New York, New York
(North West Corner of Waverly Place)

391-401 Avenue of the Americas
New York, New York
(Waverly Place & Eighth Street)

2581 Broadway
New York, New York
(96th - 97th Streets)

500 Eighth Avenue
New York, New York
(South East Corner of 35th Street)

186 Fifth Avenue
New York, New York
(South West Corner of 23rd Street)

425 Madison Avenue
New York, New York
(South East Corner of 49th Street)

701-709 Seventh Avenue
New York, New York
(North East Corner of 47th Street)

719 Seventh Avenue
New York, New York
(North East Corner of 48th Street)

985 Third Avenue
New York, New York
(58th - 59th Streets)

985 Third Avenue
New York, New York
(58th - 59th Streets)

31-33 West 8th Street
New York, New York
(Fifth & Sixth Avenues)

144 West 27th Street
New York, New York
(Seventh & Eighth Avenues)

214 West 29th Street
New York, New York
(Seventh & Eighth Avenues)

224 West 29th Street
New York, New York
(Seventh & Eighth Avenues)

226 West 29th Street
New York, New York
(Seventh & Eighth Avenues)

15 West 36th Street
New York, New York
(Fifth & Sixth Avenues)

501 Madison Avenue
New York, New York
(52nd - 53rd Streets)

772-776 Madison Avenue
New York, New York
(65th - 66th Streets)

1018 Madison Avenue
New York, New York
(78th - 79th Streets)

1116-1120 Madison Avenue
New York, New York
(North West Corner of 83rd Street)

304 Park Avenue South
New York, New York
(South West Corner of 23rd Street)

419 Park Avenue South
New York, New York
(South East Corner of 29th Street)

133 Second Avenue
New York, New York
(North West Corner of Saint Mark's Place)

1420 Second Avenue
New York, New York
(North East Corner of 74th Street)

10 East 34th Street
New York, New York
(Madison & Fifth Avenues)

315 West 36th Street
New York, New York
(Eighth & Ninth Avenues)

39 West 37th Street
New York, New York
(Fifth & Sixth Avenues)

225 West 39th Street
New York, New York
(Eighth & Ninth Avenues)

30 East 40th Street
New York, New York
(Madison & Fifth Avenues)

6 East 45th Street
New York, New York
(Madison & Fifth Avenues)

165 West 47th Street
New York, New York
(Sixth & Seventh Avenues)

136 East 57th Street
New York, New York
(South East Corner of Lexington Avenue)

30 East 60th Street
New York, New York
(Madison & Fifth Avenues)

30 East 65th Street
New York, New York
(Madison & Fifth Avenues)

715 Park Avenue *
New York, New York
(Corner of 70th and Park Avenue)

801 West End Avenue *
New York, New York
(99th - 100th Streets)

144 West 27th Street *
New York, New York
(Sixth & Seventh Avenues)

315 West 36th Street
New York, New York
(Eighth & Ninth Avenues)

321 East 45th Street *
New York, New York
(First & Second Avenues)

26 East 63rd Street *
(The Leonori Condominium)
New York, New York
(Madison & Fifth Avenues)

21 East 66th Street
New York, New York
(Madison & Fifth Avenues)

44 East 67th Street *
New York, New York
(Park & Madison Avenues)

119-123 West 72nd Street *
New York, New York
(Amsterdam & Columbus Avenues)

345 East 77th Street *
New York, New York
(First & Second Avenues)

35 West 81st Street *
New York, New York
(Central Park West & Columbus)

25 East 83rd Street *
New York, New York
(Madison & Fifth Avenues)

46 West 83rd Street *
New York, New York
(Columbus & Central Park West)

* Sponsor Apartments Only

392 Columbus Avenue
New York, New York
(79th - 80th Streets)

133 Second Avenue
New York, New York
(North West Corner of Saint Mark's Place)

387 Sixth Avenue
New York, New York
(North West Corner of Waverly Place)

389 Sixth Avenue
New York, New York
(North West Corner of Waverly Place)

31 West 8th Street
New York, New York
(Fifth & Sixth Avenues)

33 West 8th Street
New York, New York
(Fifth & Sixth Avenues)

321 East 45th Street
New York, New York
(First & Second Avenues)

165 West 47th Street
New York, New York
(Sixth & Seventh Avenues)

26 East 60th Street
New York, New York
(Park & Madison Avenues)

36 East 60th Street
New York, New York
(Park & Madison Avenues)

301 East 74th Street
New York, New York
(North East Corner of Second Avenue)

3081 Steinway Street
Long Island City, New York

3083 Steinway Street
Long Island City, New York

1975 Hempstead Turnpike
East Meadow, New York

350 Amsterdam Avenue
New York, New York
(76th - 77th Streets)

220 East 9th Street
New York, New York
(Second Avenue - Lafayette Street)

307 West 39th Street
New York, New York
(Eighth & Ninth Avenues)

207 West 76th Street
New York, New York
(Broadway & Amsterdam Avenues)

219 West 77th Street
New York, New York
(Broadway & Amsterdam Avenues)

Peppertree Commons
6401 Jericho Turnpike
Commack, New York

The West Shopping Center
188-248 Route 25A
East Setauket, New York

East Meadow Plaza
1900 Hempstead Turnpike
East Meadow, New York