• Vast and diverse experience managing residential properties.
• Engaged by some of the industry’s largest institutions.
• Success with mixed-use properties through diverse set of capabilities.

Walter & Samuels, Inc. has vast and diverse experience managing residential properties. In addition to managing traditional apartment buildings large and small, we have managed government-funded affordable senior housing complexes. The senior housing we have managed includes: Hamilton House (141 W. 73rd Street, New York, NY), Hargrave Apartments (111 W. 71st Street, NY, NY), The Marseilles (230 West 103rd St, New York, NY), and Red Oak (135 W. 106th Street, NY, NY).  Yearly income certifications, detailed monthly reporting, and the ability to interact with the elderly are just a few of the qualifications our professionals are able to provide. We also managed a nursing home facility, 900 Grand Concourse, Bronx, NY.

In addition to converting more than thirty properties for ownership groups associated with W&S, our firm has handled complex third-party conversations. An example is the Europa Condominium (22 West 66th Street, New York, NY). A new construction building that was never completed by the original property owner, it was purchased in the mid-1990s by Italian investors who brought in W&S.  Using our knowledge of the market, we reconfigured the project, completed construction, and formulated an Offering Plan. The successful conversion sold out. Other third-party conversions W&S completed include: Parkway Village, a 655 garden apartment complex in Kew Gardens, NY; The Hopkins Condominium, 100 residential units on the Upper East Side in New York, NY; The Southview, 108 apartments, professional spaces and an underground garage in Jackson Heights, New York; and 175-9 West 4th Street, residential and commercial units in the West Village in New York, NY.

Our firm’s services have been engaged by some of the industry’s largest institutions. General Electric Capital Corporation (GECC) brought us in to manage 200 unsold units they owned. Helmsley Spear called on us to manage two of its residential locations. And Vornado hired W&S as a residential consultant. When respected owners have looked for residential expertise, numerous times they have turned to us.

Property undergoing foreclosure is another area we know well. over the years we have managed such properties for GECC, Canseco, and iStar.

Sometimes our diversity comes into play in a single property: we currently manage a mixed use property on the Upper West Side consisting of upscale retail, SROs, and regulated tenants all under one roof.

For more information, please contact:
Elena Zweifach  ezweifach@walter-samuels.com

• Among the highest occupancy rates in the industry
• Over 500,000,000 sq feet under lease
• Leasing agents dedicated to properties owned by principals

Walter & Samuels consistently achieves among the highest occupancy rates in the industry. Our leasing agents – dedicated solely to servicing properties our principals own – continually optimize the market positioning of each property by carefully monitoring the needs of tenants as they change over time and proactively proposing solutions that respond to those demands.

For more information, please contact:

• Over 75 years experience in the New York City market
• Leadership of chairman David I. Berley, with firm since 1968
• Expertise to optimize healthy properties or reposition troubled assets

• Principals are longtime property owners
• Dedicated property managers
• Competitive pricing through well-established vendor relationships

Walter & Samuels manages property like an owner because our principals are longtime property owners themselves. Our dedicated property managers analyze and monitor each building to achieve the ideal level of service at the most competitive cost. They also conduct periodic building studies and suggest maintenance and capital improvements that will have a measurable impact on the long-term value of each property. Walter & Samuels has well-established relationships with architects, engineers, and contractors and is able to obtain highly competitive pricing for all repair and improvements.

• Conversion of more than 30 properties over the past 30 years
• Pre-war buildings in vibrant Manhattan neighborhoods
• Value generated from previously under-performing properties

Walter & Samuels has earned a reputation as one of New York City’s most successful and well-respected cooperative and condominium conversion experts. Over the past 30 years, under the direction and leadership of Chairman David I. Berley, the firm has converted more than 30 properties, almost all of them pre-war buildings in vibrant Manhattan neighborhoods. We expertly address the challenges inherent in conversions – the appropriate scale of renovations, zoning changes, market repositioning, and negotiations with existing residential tenants. The result is a track record of conversions that have returned historic properties to their original beauty, generated value from previously underperforming properties, and created more vibrant neighborhoods.

For more information, please contact:
Elena Zweifach  ezweifach@walter-samuels.com

• Acquires individual properties and entire portfolios
• Equity positions in select portfolios
• Co-ventures with local and global private and institutional investors

Walter & Samuels acquires individual properties as well as entire property portfolios, and takes equity positions in select portfolios when we determine that there is potential for long-term appreciation. Where advantageous to all parties, we co-venture with both local and global private and institutional investors.

For more information, please contact:
Steven Forest  sforest@walter-samuels.com