Property Management & Development
MetroRipco combines leasing and construction expertise with firsthand retail experience to manage and develop first-rate properties that provide exceptional long-term value for owners, investors, tenants and customers.
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We ensure properties meet the highest standard for both cleanliness and safety. With extensive vendor relationships, we work within every owner’s budget to deliver optimal service for all scheduled repairs, maintenance and any emergency requirements. With regular on-site visits and audits, we ensure your property is impeccably maintained at all times.
With Ripco, owners are assured the expertise of one of the largest brokerage firms in the New York metropolitan area. We have handled the leasing for some of the largest developments and commercial landlords in the area.
The Yardi integrated platform is used to provide owners with real-time access to all data and reporting, including rent collection and cash flow. In addition, we use our proprietary key metrics to evaluate performance.
Development & Redevelopment
Our team is experienced in new tenant renovation, outparcel construction, building expansion, basement conversions and ground-up construction projects.
Established relationships with leading contractors allow us to efficiently coordinate projects and manage construction costs. We bring extensive relationships with zoning attorneys, architects, engineers, general contractors and subcontractors to ensure projects are on budget and exceed expectations.
We are keenly aware of the many complexities to consider in how best to optimize the financial returns for any given property. With more than 35 years in real estate development and 20 years of retailer experience, we are uniquely positioned to advise you regarding long-term real estate solutions.
Current Development Project
Bellmore, New York for Northwell Health
MetroRipco acquired several buildings in Bellmore, New York, at the intersection of Beltagh and Bellmore Avenues. After securing multiple tenant relocations, the property was leased to Northwell Health under a redevelopment plan to include full exterior renovation and turnkey interior installation.
Construction is underway.
Estimated Spring 2019
Why we are
- Our expert management team has a 35-year track record in real estate management, development and construction.
- Ripco Real Estate is one of the most active brokers in the New York metropolitan area with 70 brokers responsible for 15 million SF in leased retail space. Ripco maintains exclusive agreements with 90 national and regional tenants and hundreds of local tenants as well.
- We bring extensive industry relationships to ensure impeccably maintained properties.
- We incorporate the tenant perspective in maintenance and development decisions that mutually benefit both tenants and owners.
- Use of Yardi software and propriety metrics developed over 35 years offer the best-in-class reporting to make informed decisions that optimize value.
If you’d like to learn more about any of our services, get in touch with MetroRipco today.
Select Properties Under Management
1427 Old Country Road, Plainview, NY 11803. Off of the Long Island Expressway at Old Country Road and Round Swamp Road
45 Merrick Road, Amityville, NY 11701 (Merrick Road and Ketchum Avenue)
Seaford Merrick Road
4006 Merrick Road, Seaford, NY 11783 (Merrick Road and Washington Avenue)
520-550 Jericho Turnpike, Mineola, NY 11501 (Jericho Turnpike and Herricks Road)
1200 Wantagh Avenue, Wantagh, NY, 11793 (Wantagh Avenue and Jerusalem Avenue)
2822-2824 Long Beach Road, Oceanside, NY (Long Beach Road and Lincoln Avenue)
Deer Park Avenue and Woods Road, North Babylon, NY
Jonathan Otto, Chairman
Jonathan Otto oversees all aspects of property management and development. His background includes executive level positions in the retail, e-commerce, technology and real estate industries. He served as President of Rock Bottom Stores, Priceline WebHouse Club, RetailDNA and MetroCapital Holidings. Jonathan received his BA from the University of Pennsylvania and his MBA from New York University. He has also served on the Board of Trustees for the Addison Gallery of American Art, NSU Art Museum Fort Lauderdale, 88.3 WBGO Jazz Radio, Tilles Center for the Performing Arts and Northshore University Hospital.
Todd Cooper, Vice Chairman
Todd started Ripco Real Estate Corp. with his partner, Peter Ripka, in 1991. Today Ripco has four offices and 70 associates located in Jericho, Long Island, Lyndhurst, New Jersey, Brooklyn, New York and Manhattan. Todd began his career at Kimco Realty where he served as Vice President of Leasing and oversaw a group focused on the leasing of Kimco’s shopping center portfolio. Todd received his BA from Syracuse University. He has been a member of ICSC since 1985 and pursues many charitable and philanthropic endeavors.
Michael Korff, President
Michael Korff has more than 30 years of experience in the real estate industry in the New York metropolitan area. He has overseen the management and development of more than 1 million SF including tenant leasing, ground-up construction, renovations, risk management, financing and tax certiorari. Michael received his BS in Business Administration from Georgetown University, his Masters in Real Estate from NYU and is a member of the ICSC.
Peter Ripka, Principal
Peter Ripka co-founded Ripco Real Estate Corp. in 1991. He has been instrumental in leasing over 3 million SF of retail space throughout New York City for developers including Forest City Ratner Companies, The Related Companies, Vornado Realty Trust and Equity One. He’s represented many national and regional retailers including Apple, Barneys, Sephora, H&M, Williams-Sonoma and LEGOLAND Discovery Center. Peter has been a multiple winner of the Retail Deal of the Year award from the Real Estate Board of New York (REBNY), is a member of the Real Estate Board of New York (REBNY), and the International Council of Shopping Centers (ICSC). He holds a BA from Northwestern University and JD from Hofstra Law School.
Mark Kaplan, Principal
Mark serves as the COO for Ripco, overseeing all day-to-day activities and is responsible for growth of the brokerage business, implementing new initiatives and establishing additional service lines. Prior to joining Ripco, Mark was a Principal of Kabro Associates, a privately-held real estate development and management company. Before joining Kabro, Mark was a large-loan CMBS originator at Credit Suisse. Mark is a co-founder of the Long Island Real Estate Group’s (LIREG) Next Generation Division and is an Executive Board Member. Mark earned his JD with honors from Columbia University where he was named a Harlan Fiske Stone Scholar and graduated with honors from Tulane University with a BSM in Finance. Mark is a licensed real estate broker and member of the New York State Bar Association.
Jay Feingold, Chief Financial Officer
Jay Feingold has more than 15 years experience in public accounting and private sector financing and has served as the company’s Chief Financial Officer since 2006. Before joining MetroCapital Realty, Mr. Feingold held the position of Senior Audit Manager at Deloitte & Touche, LLP in New York. He is a graduate of Florida State University and holds an active CPA license in the states of Florida and New York.