The Chesterfield Condominiums

Gregg Singer is a New York-based investor with many years of experience breathing life to troubled and mismanaged properties. His experience ranges from working on shopping centers to apartment buildings and even to the low-income housing market for senior citizens.  One of Gregg’s past residential projects includes The Chesterfield Condominiums in upper Manhattan, New York. Erected in 1920 and turned into a condominium in 1989, The Chesterfield is currently a very sought-after condominium apartment due to its convenient Upper West Side location and beautiful pre-war architecture. It is one of the few buildings in the area that is still a certified pre-war building, yet it does not fail to provide a comfortable, modern living space for many families and businesspeople.

However, this historic building in the Upper West Side has seen some unfortunate times – its previous owners did not take proper care of this building. Like many older buildings in Manhattan, The Chesterfield became a financial concern due to mismanagement. This led to even less attention being paid to maintain the building’s heritage. Gregg took on the project to revive this fiscally run-down building into a huge financial success for all of the unit owners and helped improve the neighborhood. The Chesterfield Condominiums now consistently sells rooms each year at high per square foot levels to New Yorkers looking to find a new home in the Upper West Side.

It is important that even ideally located and expertly built properties be properly maintained and managed. Not only does it keep the building from decaying, it helps the property owner get a fair market value for that space. All parties can benefit from taking the right steps to keep a building in its utmost quality.

Gregg Singer is the President of Singer Financial Corporation, a real estate investment firm with a focus in New York, California, and Florida real estate. Whereas many may shy away, he welcomes complicated projects such as The Chesterfield in Manhattan, The Sussex House apartments in Hackensack, New Jersey, the Villas on the Lake townhouses in Westchester County, New York, and the former NYC public school building known as P.S. 64 in East Village, a student housing project. For more information, visit his website.