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Beckerman Gatof named asset managers by bank.


Beckerman Gatof named asset managers by bank

New York-based Beckerman Gatof & Company, Ltd., a real estate investment and consulting firm Noun 1. consulting firm - a firm of experts providing professional advice to an organization for a fee
consulting company

business firm, firm, house - the members of a business organization that owns or operates one or more establishments; "he worked for a
, has been retained by a New York City New York City: see New York, city.
New York City

City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S.
 savings bank savings bank, financial institution that, until recently, performed only the following functions: receiving savings deposits of individuals, investing them, and providing a modest return to its depositors in the form of interest.  to market and asset-manage the unsold apartments in a luxury, high-rise 220-unit cooperative building on Manhattan's West Side.

The building's unsold apartments exceed $6 million in value, report Arthur M. Beckerman and Peter A. Gatof, principals of the investment and consulting firm.

As asset manager, the firm will: supervise the rehabilitation rehabilitation: see physical therapy.  and/or reconstruction of the vacant apartments; prepare all marketing materials necessary to facilitate sales; plan and implement the advertising sales program; coordinate the operations of the co-op by acting as a board member on behalf of the bank; review all required offering plan amendments to the New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
 State Attorney General's office; devise a purchasing program for current tenants; supervise removal of illegal tenants; and prepare a bulk selling package for the unsold units, said Mr. Beckerman.

Technically, the building is a "condo" -- i.e., the residential section was converted to a cooperative, while the stores on the ground floor were sold off separately.
COPYRIGHT 1991 Hagedorn Publication
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1991, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Real Estate Weekly
Date:Jun 5, 1991
Words:186
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