Brownstone Property Group Experiences Rapid Expansion

December 20, 2021

Brooklyn-focused real estate company Brownstone Property Group experienced rapid growth in 2021, nearly doubling revenues, increasing the size of its managed-portfolio, employed team and number of offices in a reflection of the Brooklyn real estate market’s steady improvement despite the pandemic effects.

Brooklyn, NY – December 8, 2021 -- Over the course of 2021, despite the impact of covid on many small businesses, Brownstone Property Group (http://BrownstonePropertyGroup.com) has nearly doubled its business from the year prior, becoming the go-to small building manager in Brooklyn.  


The company’s general contracting/handyman/sanitation business, known as Brownstone Works, is growing particularly fast – with revenues up 30% over the prior year. Chief of Construction Alejandro Romero says he owes his team’s success to “careful attention to detail and to the needs of clients and team members. We are increasingly managing and executing large building projects, while still handling many daily work orders, emergencies, keeping the heat on, and the small yet essential stuff, like making sure the trash and recycling is handled timely --no matter what. We are always on.”


Per Corcoran’s third-quarter 2021 Brooklyn report (https://inhabit.corcoran.com/brooklyn-real-estate-market-report-3q-2021/) home sales and prices have exceeded what had already been record figures just 90 days prior. “This milestone not only demonstrates the evolution of values in the borough but also reinforces the confidence that buyers have in calling Brooklyn their home. These newly shattered records validate the enduring strength and depth of demand in Brooklyn.” said the Corcoran report.

“In the past decade, as sophisticated NYC residential real estate development has evolved, an emerging demand for boutique property management has accelerated and Brownstone has been poised to satisfy that” states Josh Blackman, Brownstone’s Principal. “Our vertically integrated suite of services supports the need of a wide range of properties. We streamline operations, open communication and transparency, and manage projects and properties to improve services and reduce operating costs.”


Brooklyn’s very active real estate market has also contributed to Brownstone’s growth, with the Brooklyn condo and rental-building real estate market remaining strong as the city emerges from the coronavirus pandemic. “Brooklyn is still white hot and there are many investors who need the full package we offer: attentive management, savvy brokerage, expert contracting, handyman, sanitation, good vibes and quality work” states Mr. Blackman.


The company also attributes positive word of mouth and referrals in helping grow business, with lead count doubling over the course of the year. Says Mr. Romero, “it seems word has gotten around that we are very good at what we do. Clients, contractors, brokers, and Condo Board members, have offered consistent referrals that have helped to grow the business.”


To ensure a continued high quality of service to its clients, Brownstone has recently increased team head count by 25%. It is building a second office in East Flatbush, Brooklyn, which is set to open in mid-2022.


Brownstone Property Group was founded in 2004 in Park Slope Brooklyn. Brownstone prides itself in providing its clients peace of mind, offering owners of rental buildings, single units, small and large condos and coops with the freedom to focus on life and family while Brownstone’s property management professionals handle the rest. To learn more about Brownstone Property Group and its services, visit BrownstonePropertyGroup.com or call 718.499.6030.


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