Property Management & Development
RIPCO Management incorporates first-hand retail leasing expertise with experienced property administration to manage and develop new and existing properties. We 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 access to all data and reporting, including rent collection and cash flow. In addition, we use our proprietary key metrics to evaluate performance.
Development and Redevelopment
We bring extensive relationships with zoning attorneys, architects, engineers, general contractors and subcontractors to ensure success from permits to project completion.
Construction Advisory Services
Our team is experienced in new tenant renovation, outparcel construction, building expansion, basement conversions and ground-up construction projects. Our established relationships with leading contractors allow us to efficiently help owners coordinate projects and track costs.
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
RIPCO Management strategically advised the propery assemblage of parcels 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. Clients range from national institutions such as First Washington Realty to local portfolio owners.
- 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 RIPCO Management 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)
520-550 Jericho Turnpike, Mineola, NY 11501 (Jericho Turnpike and Herricks Road)
Deer Park Avenue and Woods Road, North Babylon, NY
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.
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.
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.
Jeffrey Riccio, VP Property Management
With over 25 years in the shopping center industry, Jeffrey has overseen property management of more than 4 million SF of retail space. Jeffrey previously served as the Director of Operations at General Growth Properties' Sunrise Mall in Massapequa, NY. Property Manager for Levin Management, and Regional Property Manager for Forest City Rather Companies, where he oversaw the Queens and and Bronx properties. Jeffrey has been recognized by numerous organizations including the American Red Cross, Town of Babylon and the County of Suffolk for dedication and community service.