Mendel Tiefenbrun's Colleagues at UP REALTY LLC
Mendel Tiefenbrun's Contact Details
Brooklyn, New York
UP REALTY LLC
Mendel Tiefenbrun's Company Details
• UP REALTY uses "hands on" no nonsense management, paying attention to all details, owns/manages $25 million of various Real Estate holdings.• UP REALTY Seeks good solid buildings, that are selling @ low RR multiples due to being "out of favor" as a result of mismanagement, and turns them around. Our goal is to have most of the investor funds returned by 12-18 months. Making great return cash on cash for the percentage of money.• We think there is an unprecedented opportunity to acquire buildings now at6-7 x the RR, put in the effort and refinance and get the money out. With interest rates @ 50 year lows, building at low multiples off RR, and Rents STILL all-time highs, it is an opportune time to acquire additional properties.• UP REALTY Strives to maximize returns by utilizing the J51 tax benefits, Mod rehab, Major capital improvement, and the federal Weatherization and energy saving incentives.• Using our experience and knowledge of construction and design, we are able to supervise these turn‐round's and thereby quickly enhance the value of buildings under our ownership/management. • We also use our extensive knowledge of the rules, laws and tax incentive programs to allow these building to reap tax benefits and saving for many years to come.