Mann Report Management - January 2015
Eddie Setton, Carl Zekaria and Alan Shamah, Shamah Properties/Shamco Management
Back in 1980, Joseph A. Shamah purchased his first property on East 29th Street in Brooklyn. "Mr. Shamco," as he was affectionately known by tenants, would often visit the buildings on week days and weekends attending to tenant issues and building wide projects.
My father was a caring individual who would do anything he could to maintain and improve the quality of life for his tenants, said Alan Shamah – who now leads a second generation of managers at the multi-family investment firm Shamah Properties and its in-house management company, Shamco Management, along with his nephew Eddie Setton and Carl Zekaria.
Taking on the challenge to deliver the same personal attention to each and every tenant living at a 'Shamco Community' property is what our aim is, said Shamah. The company currently owns and manages over 20 properties comprising over 1,500 rental units primarily in Brooklyn neighborhoods like Flatbush, Crown Heights and Prospect Heights and the New York metropolitan area. It recently made its first foray into Manhattan with the $13.5 million purchase of a large Hamilton Heights apartment building.
The firm's philosophy is clear.
It has to be a three-way win so everyone benefits; the tenants, the management and the investors' interests all have to align, added Shamah.
We are proud of our reputation and we are dedicated to build[ing] on it.