Wallack Management Designates Warburg Realty as Sales Resource for All Managed Properties

Two of New York residential real estate’s most successful independent companies today publicly announced an important alliance. In a comprehensive program presented to residents, Wallack Management has identified Warburg Realty as their strategic sales partner. According to Burt Wallack, President of Wallack Management, this program grew grew out of an unmet need: “Board members and unit owners in properties we manage regularly request our advice when putting their apartments up for sale. After careful review, we made the decision to affiliate with Warburg, a brokerage company that shares our values and commitment to integrity and the relationships we have with our clients.”

The program has been structured to offer tangible value to shareholders and unit owners. Each building has been assigned an expert advisor, or team dedicated to that location. These Warburg agents will be expected to maintain a differentiated level of building and neighborhood knowledge and will work closely with Wallack Management to optimize sales values in the building. To inaugurate the partnership,Warburg has prepared and presented a comprehensive analysis specific to each building identifying its position within the marketplace, the expected value of each apartment, and how to effectively manage and maximize sales value.

Frederick Peters, CEO Warburg Realty, had this to say about the partnership: “Like Wallack Management, Warburg Realty is a multi-generational family firm focused on integrity and the provision of best-in-class customer service. We are delighted to have the opportunity to offer this service, along with analytical data, to the residents of all Wallack buildings. We look forward to working with Wallack and the Boards and residents of their buildings to provide both market insight and discrete and professional sales assistance.”

About Wallack Management

Wallack Management Company Inc., a third generation family-owned and operated full service real estate company, has played a prominent role in the New York City Real Estate industry dating back to the 1950s. Its property management division founded in 1978 consists of over 75 properties throughout Manhattan with a diverse portfolio of Pre and Post War Cooperatives, Condominiums (including newly developed), and Rentals. These properties range in size from single-family townhouses to large apartment complexes with over 400 units.

What distinguishes us from other management companies is the "hands on" approach philosophy that tailors our services to the particular needs of the client. We are exceedingly proactive regarding the overall management of all our properties and address both the immediate needs and future requirements of our managed properties. Our management team is directly involved in supporting the Superintendents/Resident Managers and staff members in the buildings all the while working closely with the Owner/Board Members to achieve the operational goals of each property. The principals and agents foster an open environment that allows for an unfiltered exchange of information regarding all aspects of building policies, procedures and maintenance. It is our mission statement to provide unsurpassed service to all of our clients.

About Warburg Realty

Warburg Realty is one of New York’s leading luxury residential real estate firms. Founded in 1896, the company has remained privately owned and committed to a higher standard of professional and integrity. Our reputation has been built on providing an exceptionally high caliber of service and our elite group of 150 agents assisted clients in buying and selling roughly $1 billion dollars of real estate in 2016. Whether a Warburg agent is assisting with a studio rental or an 8 figures sale they are knowledgable, attentive and committed to achieving the best outcome for their client above all else.

Warburg is connected to a global network of real estate professionals through our strategic alliance with Barnes International Realty, a leading global luxury brokerage with 45 offices around the world, as well as our partnerships with Saunders in The Hamptons and The Fite Group in Palm Beach. We remain at the forefront of residential brokerage technology through our founding partnership in MetaProp NYC, the country’s leading real estate tech accelerator and seed stage venture fund.