CITADELRE Real Estate in NYC

Stephen Shapiro, President, Chief Executive Officer, and Licensed real estate in NYC in the State of New York, has created the way for his teams to prosper and has a unique position in the industry. He is recognized as “the fixer” of all things Real Estate. Stephen specializes in troubled and underperforming properties, specializing in those with major challenges that are not easy to sell. Stephen Shapiro and his team at Citadelrreal estate Realty Services have been New York City’s real estate problem solvers for decades, making Citadelre the most trusted “fixer.”

A licensed real estate in NYC, Citadelre takes underperforming commercial and residential properties and turns them into money-makers.

Using a detailed examination of each property’s profit potential, Citadelre creates a strategy to maximize the value and return on each client’s investment.

Citadelre focuses on a diverse range of property management services, from resident relations to maintenance and accounting. We offer specific resources to manage your property and seasoned management staff to ensure that your business plan is carried out.

However, we don’t just handle and sell residential and commercial real estate in NYC properties like our competitors. We are the problem solvers who help our clients resolve complex issues and overcome barriers. This is accomplished through a detailed examination of each property’s operations and profit potential and a complete market understanding.
A strategic strategy is created to maximize the value and return on each client’s investment. We consult and interact with our clients regularly because we appreciate their issues and value their opinion. Above all, we keep our clients’ information private throughout the procedure.

Hollywood on the Hudson: How ‘Orange is the New Black’ revived a historic Harlem apartment building

You might recognize the apartments inside The Beaumont on Riverside Drive — the Harlem property that was once home to “Invisible Man” author Ralph Ellison, U.S. Senator Jacob K. Javits and singer Marian Anderson — because you’ve seen more than half of them on episodes of “Orange is the New Black.”

And the reason millions of viewers got a sneak peak inside the historic building was the quick thinking of Citadel Realty Services President and CEO Stephen Shapiro, who hatched the idea of renting to a movie studio after being hired to manage it.

“Look, you can’t make money for a client if you’re not thinking outside the box,” said Shapiro, who’s been advising real estate investors both large and small on how to profit from distressed and under-performing properties for more than 50 years. “And in our business, it takes someone with a wealth of market knowledge, depth of insights that is second to none and a great deal of chutzpah. That’s what we bring to the table.”

Take The Beaumont. It was part of a $1.1 billion portfolio purchased by investment bank Hudson Advisors from the Allied Irish Bank.

The problem: 35 of its 65 units were vacant, and it wasn’t earning enough to cover the cost of operating the building — let alone the money needed to fix it up.

“Their ultimate goal was to sell it at the highest price,” said Shapiro. “We were brought on to figure out a way to make the building pay for its own repairs while keeping the 25 units vacant.”

Shapiro’s answer seems simple in hindsight: Turn it into Hollywood on the Hudson. “I knew there was a big demand for spaces like this to get television shows and movies shot on location,” Shapiro said. “So I called the New York State Governor’s Office of Motion Picture and Television Development and before we knew it, ‘Orange is the New Black’ was knocking at my door.”

With the show in production, the money for the renovations started flowing in — and not just for the building’s owners. Many residents living in the remaining 30 units were hired by the film crew to assist with production.

“Everybody won: tenants, film producers and the building’s owner,” Shapiro said.

When the film shoot was completed, the necessary repairs were made, and the building was ready to sell.

End result: The building was sold for a substantial profit.

It’s another example of why Shapiro is known in the industry as the “fixer” — the guy to call when there’s a problem.

“You don’t do this for 50 years without knowing a thing or two about New York City real estate,” he said. “It’s a combination of experience, street smarts, and connecting the dots.”

Founded in 1962, Citadel Realty Services helped facilitate the construction of landmark properties including New York’s Lincoln Center, Peter Cooper Village, Stuyvesant Town, and portions of Columbia University. Along with helping estate family foundations and small building owners, our notable clients have included Tishman-Speyer, Citibank, Solow Development Corporation, Sterling Equities-Gerald D. Hines Interests, Park Avenue Synagogue, and St. George Ukrainian Catholic Church.

Have a money-losing property that is giving you headaches? Call Steve today at (917) 660-1223 and he’ll come up with a strategy to solve your problem. Or email him at sshapiro@citadelre.com. Website: citadelre.com

Real Estate Broker NYC

In commercial real estate valuation, residual procedures are sometimes employed to value a property, although frequently misinterpreted. There are, however, methods for estimating the worth of a property when one of the total value components is known and the other is unknown.

These techniques are known as residual techniques, and they can be used to estimate property value when the land or improvements value is known.

When choosing a Real Estate in NYC, you should also pay close attention to the amenities offered in the apartment. For instance, tenants prefer apartments that have a sufficient amount of storage space. Real Estate NYCs look for flats with adequate storage space, including good closets and storage space. Some newer apartments come with secure storage cages. These features are important because many people are downsizing and reducing the size of their living areas.

Real Estate Agency in NYC

If you search for a real estate agency in New York City, connect with CITADELRE (Licensed Real Estate NYC). We are a professional and experienced agency operating since 1962 in rental apartments, commercial spaces, and the local real estate market. We have a considerable portfolio of rental properties in uptown and downtown areas. The team’s brokers are carefully chosen for their personality, experience, and reliability. Regardless of your financial situation, the agents at this real estate agency in NYC will guide you through the buying process. They will point out any downfalls and upsides of each property and help you get the financing to finance the transaction.

Additionally, the firm can handle all aspects of the listing and marketing of a property, including coordinating the closing process. The agency has a wide range of clients and will be able to help you find the right property for your needs.

Property Management Company NYC

A property management company in NYC is essential if you’re looking to maximize your returns. With one of the most active markets in the country, New York City offers investors the ability to profit from unbeatable liquidity and a fast pace.

CITADELRE Real Estate focuses on a diverse range of property management services in NYC, from resident relations to maintenance and accounting. We offer specific resources to manage your property and seasoned management staff to ensure that your business plan is carried out and to identify real-time adjustments, always upgrading and updating operations to react to changing conditions and information.

Our team understands your project is your most valuable asset and that people are your most valuable asset. Our team recognizes that happy tenants equal more income, which translates to a more profitable project. Our staff considers both the small details and the big picture to ensure that your investment performs to its full capacity for years to come.

CITADELRE Real Estate NYC examines your projects and provides accurate budgets and estimates in line with the disposition strategy as development experts.

Although one of our favorite aspects for our clients is our full-service accounting team, which is happy to meet your objectives and requested reporting, business plan, every asset, and client is unique.

But we are more than just problem solvers. Citadelre is also a full-service real estate brokerage house specializing in New York City rentals, office leasing, and property management.

So if you’re looking to solve a problem with the property or are looking to sell and want a qualified real estate team with more than 60 years of experience, reach out to Citadelre today.