Matel Realty
Overview
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For
the past 38 years, New York real estate company Matel Realty has managed
properties in Manhattan, particularly in Gramercy Park, the West Village, the East
Village, and Chelsea. From the beginning, Matel Realty has been headquartered
in the same neighborhoods as its tenants, with whom the company has nurtured
long-standing relationships. Recognizing the importance of its clients, the
company utilizes a hands-on approach when it comes to maintaining and managing
its properties and dealing with tenant issues. Because of Matel Realty’s
neighborhood presence, tenants, as well as vendors and small property owners,
often seek the company’s advice. A number of tenants have been with the the
firm for many years, relocating to other spaces within the company’s portfolio
of properties when necessary instead of looking for a different real estate
agent. Over the years, Matel Realty has effectively kept its vacancy rate below
2 percent, reflecting its commitment to customer service. As a socially
responsible company, the team at Matel Realty has dedicated itself to several
worthy causes in the community. The company has served as sponsors for the
HOWL! Festival, the Stuyvesant Block Association Thanksgiving Dinner, and the
9th Precinct of the New York Police Department Annual Christmas Toy Drive.
Additionally, Matel Realty supports several local charities, including Chai
Lifeline, which helps ill children; The Catalog for Giving of New York City,
which assists underprivileged youth; and Chabad’s Children of Chernobyl, which
evacuates children from the radioactive region surrounding Chernobyl. Founded
in 1973, Matel Realty belongs to the Community Housing Improvement Program
(CHIP) and the Rent Stabilization Association of NYC, Inc.