Meet Our Team

For 40 years we have been involved in the direct ownership or joint venture participation for the purchase, financing, development, sale and rental of over 12 million in direct real estate investments. The following resume is an outline of the various types of properties and real estate adjacent ventures we have invested in, or lent on and the varying experiences we have had that range from zoning, construction, financing, and sales.

1985- Fair Lawn, NJ – Purchase of a single family property and held for personal use, then rental and ultimate nontaxable disposition for another residential property on a 1031 tax free exchange.

1986- Jersey City, NJ – Purchase of a “derelict” property for cash from an individual who had open tax liens pending foreclosure. Property was vandalized and uninhabitable, sold “as is” within weeks for a 100% return.

1989- Hoboken, NJ – Warehouse property on almost 1 city block. The acquisition was instituted via purchase of a “delinquent” loan, Note from Midlantic Bank, the Foreclosure was perfected within 90 days by the Courts under the legal plannings and execution of a very large NJ law firm. The foreclosure on the Note resulted in the takeover of 35000 sq ft industrial warehouse that occupied almost 1 square city block on Hoboken west side. The known issues on the property included a riparian claim by the State of NJ, Underground storage tank remediation and the payoff of property tax liens. The issues were resolved by purchasing the tax lien, buying back the riparian easement and assessing the environmental cleanup before closing a sale to a local developer, who then went on to obtain the zoning variances for 200+ condominiums. The transactions concluded in about 3 years for a 40% gain. 

1990- Hoboken, NJ – Acquisition of land with a derelict building in Hoboken. The Demolition of the existing structure was well planned for as the structure was located between 2 buildings. The process involved maneuvering various city Offices, from the health, building and zoning departments. Planning, construction and tenancy. The property was held for over a decade and sold at a 300% profit when the ROE had fallen to under 5% as the appreciated value of the location soared due to the opening of a NJ Light Rail station 2 blocks away.

1992- Chatham, NJ – Single Family Home Renovation- Permitting, Construction. The home involved interior remodeling and an addition. The property was sold almost a decade later for a 100% profit.

 2002- Bayonne, NJ – Condominium purchased for “cash” due to a major issue with he condominium. A large assessment was issued to all condo owners to remediate structural steel foundation issues. The parameters of the condition made the property unfinanceable, so the cash acquisition made the sale possible at a discount to compensate for the issues. The condo had a minor bathroom update and a fresh coat of paint and sold in less than 2 years for a 30% profit.

2003- Secaucus, NJ – Plaza section. The acquisition of this vacant multi use property came with a very particular set of issues. THE UST was located on a neighboring property, the intended use was a permitted use, however the change of occupants required a variance for the increased parking requirements. The negotiation of the UST removal and Zoning issues were the basis for discounted purchase price. Following the remediation of UST and complete renovations. The apartment was rented and the commercial space converted to a restaurant. The negotiations with the city and granting of the parking variance required intense negotiation. The application and successful granting of variance for parking due to change in commercial use brought the property to its highest and best use, resulting in the sale to the commercial tenant 2 years later for a 50% profit.

 2005- Madison, NJ – Purchase, Reno, Rental of a 2 Family home. The suburban community of Madison, located in Morris County has a historical downtown that includes a NJ Transit stop. The location of this property was within walking distance to downtown and was located in a quiet residential area of Madison. The purchase required a total renovation of the two units including, structural wall demolition, complete electrical, plumbing, HVAC and utility separation to accommodate 2 – two bedroom apartments. The location and renovation brought the rental income to a point where the sale was made to an investor at an 8 cap rate and a profit of about 50%.

2008- Secaucus, NJ – Purchase and rental of an occupied multi unit commercial property. This property was purchased as a traditional investment. The seller was an estate and the offer made in cash during the great recession. Upon reletting the units and some minor bathroom and kitchen reno the building was sold about 5 years later for a profit.

2010- Madison, NJ – This purchase was a single family home located in a highly desirable neighborhood near Giralda Farms. The building dated back to the early 1900’s and required updating and remodeling of the kitchen, baths and general living space. With careful redesign the “early period” layout was turned into a beautiful great room with a new bath on the first floor, as well as the conversion of one bath upstairs into a Master Bedroom with a private bath, walk-in closet and the remodel of the existing bath for the 2 existing bedrooms. The house was sold in 2017 for 55% profit to the partners.

2012- Hoboken, NJ – Following Hurricane Sandy, the 14×100 lot with a 14×60 existing structure was acquired. With the new city and state flood regulations being created the initial plan of rebuilding a 2 family rental property morphed in the construction of a single Family custom build to meet Hoboken’s new demand for single family residence. The home featured a 2 story foyer, modern 4 bedroom 4 bath and 3200 sq feet living space over the 960 ground floor designed to meet all of the new flood regulations and restrictions so as to not require flood insurance. The property was acquired and renovated, then sold at a 60% profit. 

2012- Hoboken, NJ – Flood Destroyed Land Flip- This property was located in midtown Hoboken next to a school. The wood framed building dated back to the early 1900’s and was completely deemed uninhabitable due to Sandy. The property was purchased as land at a discount and sold to a local Developer for Cash within a month. The Offer was made for cash and a modest down payment made to enter into contract. The sale to the Developer concluded the purchase from the seller on assignment making this a 300% cash on cash OPM deal.

2013- Palisades Park, NJ – This single family property was the home of an elderly man who was moved to a nursing home by his family. The basement was flooded in 2012 during Sandy, the prior owner a “hoarder”. The home required the complete redesign of the interior including the demolition of a 4 story chimney so as to afford the moving of interior walls, as well as remodeling of the bathrooms in the home to accommodate a family’s modern day needs. Structural beams were used to open the living area. The home was listed in 2016 and sold within a week.

2015- Union City, NJ – This deal was the result of the purchase of a 5 multi-family properties in a bulk sale package. The purchase was made for cash and owner financing on the 3 properties that required UST remediation. Following the remediation and some much needed updates to the services, the property was sold in 2016 privately to a nearby developer in AS IS condition for cash. 

2015- Cranford, NJ – Bridge loan- A seller of a desirable property came to us for bridge financing to carry the property until its sale. The end result was a lesson learned as the deal went into a legal showdown, which resulted in the Sellers filing for bankruptcy protection. This was a lesson learned in that justice moves slowly and the legal process is expensive and sometimes unfair and unjust. The allure was an opportunity to develop the 2 parcels near the Cranford, NJ train station. The loan remains in default and the subject of pending collection litigation against the co-guarantors and a potential write-off of over $75,000.00.

2016- Bloomingdale, NJ – The Tree Farms, sale, Leaseback and Sale – In 2016 we purchased 2 adjacent tree farms in Bloomingdale, NJ. The first was 9 acres the second, 12 acres. In order to maximize the value and minimize the Property Taxes, we applied for a special assessment on the land in essence reducing the taxable land to just 1 acre on each parcel for the residential zoning that existed. In order to do so, we enlisted the service of a licensed forestry management firm to survey the properties, design a woodland harvesting plan and applied for the legal assessment with the NJ Department of Environmental Protection. Upon granting the legal reassignment, the property taxes were reduced by about $15,000.00 per year. The first property residence was rehabilitated and sold, while we retained a 99 year leasehold on the farm. The Leasehold and second property were then sold to a third party who brought in livestock. Both parcels resulted in profits of about 30% in 2 years.

2018- Clifton, NJ – Under a 1031 exchange of the Union City and Hoboken properties we negotiated the Purchase and Lease of a multi use commercial property. I call this the COVID deal as the initial tenants had to be evicted for nonpayment. The new post-covid tenants have invested hundreds of thousand in upgrades and possess the option to purchase by early 2026 making the exit strategy a $200,000 potential profit.

2021- Hardeeville, SC – While COVID had the world in lockdown, we found “the worst property on the best street” in the Purryville section of Hardeeville. The property was a 3 bedroom ranch style house on about 2 acres of land with an out building. This renovation was not too complicated- redesign the interior space and add a stunning 35-foot-long porch to truly enhance the curb appeal. Purchase $161,000 plus the renovation costs. Sold in 2021 for over $400,000.00

2021- Bluffton, SC – We purchased a single-family property with Accessory Dwelling Unit (ADU) above the garage, effectively making it a 2-family property. The property consists of a 4 bed/ 3.5 bath house and 1 bed/ 1 bath unit above the garage. Major repairs to the home included replacing both roofs and the garage door header that had rotted through due to improper installation when the property was built in 2006. The roof replacement required permitting through the communities HOA. We still own this property and plan on either doing a cash out re-fi, or 1031 exchange in the upcoming years.

2022- Mt Airy, NC – A client came across an old funeral home in Mt Airy on Main Street during COVID at the bargain price of $30,000. Our services involved the construction financing, and advising throughout the renovation process. To date the property has been restored to a beautiful period mixed use space, that our Client has had appraised for over $500,000.

2022- Bluffton, SC – We acquired a minority stake in a property management company based in the Lowcountry. The company manages almost 200 residential units. Operations improvements include the rolling out of a CRM that has enabled many processes to be automated and performed more efficiently and consistently. Other improvements include website development and search engine optimization (SEO) to increase traffic to the website. This had led to a corresponding increase in web-based prospects. Improvements to the business have also led to a large increase in positive reviews on Google.