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Manager Property

Rego Park, New York, United States
May 24, 2018

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Benjamin J. Sopkin


Rego Park, NY 11374 • LinkedIn • 646-***-****

Senior Property and Asset Manager

Distressed Property Turnaround / Renovation & Construction Projects / Code Compliance / Team Leadership & Training / Revenue Growth / Budget Management & Financial Reporting

Resourceful senior leader and agent of change, offering 15+ years of success managing numerous properties, thousands of units and driving turnarounds of distressed buildings. Creative problem solver able to assess spaces, identify issues, and formulate strategies that improve efficiency, appearance, code compliance, maintenance, and safety. Establish and strengthen relationships with tenants, board members, government entities, vendors, senior management, and professionals at all levels to drive solutions. Hire and motivate teams to overcome challenges, exceed service standards, and drive seamless operations. Blend financial and business expertise to manage budgets, P&L, as well as financial analysis and reporting. Liaise with government agencies including HPD, DHCR, HUD, Section 8 Public Assistance, DOH, DEC, DEP, ECB, and FDNY. Bring focus and enthusiasm to new projects. Technically proficient in Microsoft Office Suite (Word, Excel, and Outlook, and Skyline). Fluent in English and Spanish.

Areas of Expertise:

Asset Management

Contract Negotiations

Vendor/Stakeholder Relations

Strategic Planning/Implementation

Purchasing/Inventory Management

Staff Management/Employee Retention

Financial/P&L Management

Building Maintenance & Repairs

Risk Management & Violation Analysis

Hiring, Training, Recruitment

Professional Experience

Safeguard Realty Management, Inc. – New York, NY

Senior Property Manager (6/2016 - 5/2017)

Stabilized and drove the success of 20 to 30 properties within 12 months in the New York Metropolitan Area and New Jersey by steering daily operations. Demonstrated expertise in managing coops, condos, rent stabilized, market rate, and distressed properties. Created a positive and collaborative workforce, motivated teams to overcome barriers, and continuously exceeded expectations and service standards.

Selected Contributions:

Served as trusted advisor to board members and owners to drive strategies and resolve issues.

Hired and directed up to 30 staff members and vendors, offering guidance and mentorship.

Facilitated property management, brokerage, and construction management efforts across 100 buildings.

Achieved client satisfaction, communicating transparently and providing guidance through acquisition, disposition, redevelopment, repositioning, and operation of real estate assets.

Developed and managed operating and capital budgets of up to $20M, appropriately allocating funds; handled RFP analysis, financial reporting, and CAM charge analysis related to CAPX requirements.

Impact Property Real Estate Management, Inc. – New York, NY

Portfolio Manager (3/2014 - 2/2015)

Spearheaded daily operations for 10 properties in Manhattan, Brooklyn, Queens, and Staten Island comprised of HDFC, five private corporations, and four condominiums with up to 573 units. Liaised with board of directors at each building, advising at board meetings, and driving a range of improvements. Hired and supervised union and non-union staff, providing mentorship to achieve timely and top-quality operations. Showcased knowledge of code compliance, insurance and risk management examinations, and implemented corrective action as well as handled reporting including MRD registration, oil tanks, boilers, elevators, fire safety, insurance requirements, and local laws 11/99, 84, and 87.

Selected Contributions:

Triggered 20% in cost savings by negotiating with vendors.

Initiated improvements by performing weekly site visits, writing weekly management reports, and training assistant property managers.

Drove effective turnaround of 10 properties in eight months; resolved heating system issues and regulatory violations; executed fire safety projects, and analyzed budgets, loans, and capital expenditures.

Grew Net Operating Income (NOI) by 25% by reducing expenditures by 20% and creating ancillary sources of revenue by installing storage containers for lease to tenants and retrofitting electrical system to minimize energy costs and enable sale of electricity back to power companies.

David Minkin Management Co, Inc. – New York, NY

Property Manager (5/2000 - 1/2010)

Operated six rent-stabilized buildings with 596 units and three medical offices. Oversaw nine properties comprised of 1.6K units, approximately 1,385,633 square feet of mixed-use residential and commercial space plus 10 parking lots, and a shopping center with 12 commercial spaces, and four adjoining stores. Demonstrated strong understanding of staffing needs to hire, train, and manage 60 support staff (union) for all 15 properties.

Selected Contributions:

Maximized occupancy and increased rental income by collaborating with maintenance personnel, attorneys, and senior management to fill vacancies.

Optimized accounts receivable processes to handle $1M in monthly receipts with less than a 5% delinquency rate.

Slashed staff turnover by 20% per year by creating competitive compensation/incentive packages to retain top employees.

Fraga Realty Partners, LLC Goldenway Associates – New York, NY

Director of Property Management (Part-Time) (5/2003 - 3/2009)

Led purchasing process of several distressed properties and negotiated immediate sale of one property as well as grew Gross Potential Income (GPI) from $120K to $360K per year. Assessed properties, pinpointed issues, and led a series of improvement efforts to overcome over 300 code violations and increase building value by $1.2M. Coordinated renovation projects, developed business plan for new apartment complex, and led budgeting and negotiations. Steered security efforts in collaboration with local police. Removed debris and secured certificate of occupancy for superintendent’s residence.

Prior roles as Building Agent and Property Manager.

Education and Credentials

Bachelor of Business Administration Fort Lauderdale College --Fort Lauderdale, FL

Certificates: Certified Property Manager (CPM) – Institute of Real Estate Management (IREM); New York DOS Licensed Real Estate Salesperson, NYASAR & NAR Member; Registered Apartment Manager (RAM) and New York Accredited Realty Manager (NYARM); New York State Asbestos Class G Supervisor Certification; EPA Lead Abatement Supervisor Certification & Lead Renovation, Repair, and Painting (LRRP) Certification; OSHA 30-hr. Construction Outreach Certification; NYARM Ethics in Building Management Certificate

Professional Associations

Attended IREM Property and Asset Management Symposium (2011–2017); Member – New York Association of Realty Managers (NYARM); Participated in monthly conferences on wide range of topics; attended Real Estate Exposition (2011–2013); National Association of Builders and Owners "NABO"; Attended NYARM Real Estate Management EXPO (2011-2017); Attended Buildings NY Expo (2011-2018)

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