J & M Realty Services Corp. is a licensed full service property management and leasing company, wholly owned by Jerry Edelman. Mr. Edelman has 26 years of experience in the ownership and management of residential properties in New York City. J & M manages approximately 800 apartments and commercial units in 22 buildings under management. The company has a staff of 13 full time professionals and 25 field workers all dedicated to maintaining our properties at peak efficiency and maximum occupancy. The professionals of J & M especialize in repositioning under-performing buildings by eliminating housing violations, renovating apartments, reducing overall operating costs, overseeing capital improvements to enhance savings, and assisting owners seeking new financing or re-sales of repositioning properties.
J & M Realty specializes in the management and turnaround of distressed properties in upper Manhattan. Many of the projects included building stabilization plans in order to remove buildings from 7-A programs and returning them to private sector ownership and management. Additionally, J & M Realty corrects rent registration deficiencies, appropriately documenting lease renewals and assuring buildings documents are compliant with Dept. of Housing Community Renewal regulations. Teamed with long standing clientele, J & M has been instrumental in the up front evaluation of target properties, the development of a retenanting and redevelopment plan, and the achievement of substantially improved net operating income, enabling the owners to obtain a return of and return on initial equity through the refinance or re-sale of properties.
J & M Realty's in-house construction services, Manhattan Valley Construction LLC, enables us to meet all construction needs and resolves all Dept. of Buildings and Environmental Control Board violations.
Jerry Edelman, Founder – President/ Lead Property Manager
Mr. Edelman began working at Phoenix Real Estate Management, his family business, at the age of 18. At the age of 20 he acquired his first Manhattan property, a 29 unit apartment building in the East 50’s. Jerry spent his early years in real estate working exclusively in family owned buildings. Initially responsible for repairs and maintenance, he quickly took on the additional roles of rental and staff management.
In April of 1993, Jerry founded J&M Realty Services, Corp. Throughout J&M’s more than 20 years in operation, Jerry has managed over 100 primarily residential properties throughout Manhattan, Brooklyn, and Queens. His hands-on management style allows him to quickly assess not only the structural and mechanical aspects of a building but also the necessary logistical improvements critical to maximizing a building’s overall performance. Jerry’s field-based approach allows him to make informed decisions about a property’s overall operational status and potential for profitability.
Mr. Edelman is a member of REBNY in good standing, and a candidate for the New York University Certificate in Residential Property Management.
Diane Murray, Lease Administrator
Diane Murray has been Lease Administrator for over ten years at J&M Realty Services Corp. Using a personal approach, Ms. Murray monitors the activities of every family in each building through direct tenant relations as well as litigation. As one of the most critical functions in the property management arena, she aggressively targets those tenants who are exploiting the rent stabilization regulations.
Ms. Murray's personal approach has proven to be effective in dealing with the ever changing demographics of Upper Manhattan. She has been able to identify illegal apartment succession activities, as well as, properly screen prospect apartment applicants.
Jessica Edelman - Financial Management & Reporting/ Assistant Property Manager
Ms. Edelman began working at J&M Realty Services, Corp in 2007.
Prior to working at J&M Realty Services, Corp., Ms. Edelman was the youngest person ever to be appointed Executive Director of the Scarsdale Teen Center, where she was responsible for board management and development, youth programming, reporting, and fundraising. While at the teen center, Ms. Edelman introduced strategic planning and long term initiatives to the teen and adult boards giving them insight for opportunities that increased outside sources of funding as well as teen attendance by 41% in two short years.
In May of 2006, Ms. Edelman completed her undergraduate studies at Boston University with a major in Psychology and a minor in Business Administration. Furthering her education, she completed her Masters of Science in Organizational Change Management in 2010 at Milano The New School for Management and Urban Policy. During her tenure at J&M, Ms. Edelman has implemented a number of operation wide changes resulting in lower costs across the board. Additionally, she has updated reporting packages and systems to present owners with a clearer picture of a building’s financial and physical status. Jessica is a candidate for the New York University Certificate in Residential Property Management.