Properties, Inc. is a full service
real estate services company
Commercial Brokerage Services
Our years of experience have enabled us to compile a comprehensive database of market activity allowing us to accept and succeed at even the most challenging commercial and retail
leasing brokerage assignments. We hold reciprocal licenses in adjoining states and are fully equipped and capable to service all of your brokerage needs.
Our sales staff is responsible for over $800 million dollars in sales volume. As representatives of both
Financial Institutions and private investors, we specialize in the purchase and sale of multi-family apartment houses, office buildings, commercial loft buildings,
1031 Tax Free Exchanges, shopping centers, taxpayers and pools of privately held and Institutional performing and non-performing mortgages. Our present management clients, as well as, an extensive list of our qualified investors" provide a ready source of purchasers and sellers.
We invite you to review some of our
As owners and managers of commercial and residential real estate, the principals of WRA Properties, Inc. are uniquely qualified and in tune to today's market trends. Our practical "hands on" experience with real estate investments allow us to effectively assist you in the purchase or sale of your Real Estate assets. Our years of experience assures you of obtaining the best practical investment and management advice. Some of the services we provide are:
Leadership and Staffing
WRA Properties offers the benefits derived from experienced management and
well trained personnel:
Frank T. Chiarello has been active in real estate
finance, management and ownership for over 30 years and brings a wealth of
experience to bear upon any transaction. Over the past three decades Mr.
Chiarello has literally been involved in the acquisition, ownership and/or sale
of over one thousand properties, largely throughout the New York area and is a
licensed real estate broker. Most of the real estate transactions
are predominantly multi-family residential housing, commercial retail property
and performing/non-performing mortgages. In addition, Mr. Chiarello is the main
principal in Green Assets, Inc., a private mortgage and equity investment
entity, who has made over 350 mortgages.
From 1976 through 1982, Mr. Chiarello associated with a Real Estate office in
Upper Westchester where he was involved in the purchase and sale of small
commercial properties and one family homes.
In 1982, Mr. Chiarello served as Controller and Director of Acquisitions for a
major Westchester commercial/residential real estate broker/investor
specializing in investment properties in New York and the surrounding areas. He
attended contract negotiations, title closings, and oversaw and directed legal
In 1990, Mr. Chiarello was a co-founder of WRA Properties, Inc. As President of
the company Mr. Chiarello is responsible for identifying and developing new
business, directing the commercial and residential real estate brokerage
divisions. Mr. Chiarello personally advises banks and financial institutions in
the exclusive disposition, valuation and workout of their commercial,
residential and multi-family portfolios. His successful business endeavors are
built upon his long term experience and fine-tuned expertise.
Mr. Chiarello holds a B.B.A. in Accounting from Iona College and is a member of
the Bronx-Manhattan Board of Realtors and The New York State Commercial
Association of Realtors (NYSCAR).
MARYANN MURPHY, (Vice President)
MARYANN MURPHY has been actively engaged in the real estate business for over 25
years. From 1980 through 1990, she was associated with a major Real Estate firm
in Upper Westchester where she was Assistant to the Controller of Mortgage
Servicing and later Assistant to the Director of Acquisitions of investment
property and mortgages.
In 1990, Ms. Murphy was a co-founder of WRA Properties, Inc., as Vice President
of the company. Ms. Murphy was responsible for all aspects of property
management, mortgage servicing, and the day-to-day operation of the company.
She is instrumental in the implementation of customized computer software for
the property management division. These innovations have monitored and lowered
costs and expenses translating into greater productivity. She is involved in all
aspects of building management ensuring properties are running efficiently. She
oversees building operations and maintenance, establishes rigorous standards
regarding building expenses, personnel, service contracts, preventative
maintenance, and code compliance. She maintains extensive contact with each
client's owners, Board of Directors, banks, attorneys and CPAs. She is directly
involved with registration and renewals of stabilized and rent controlled
tenants, preparation and execution of all necessary residential and commercial
leases, performs necessary credit review of prospective tenants and prospective
shareholders including the review of all applications for rent and cooperative
purchases/subleases. She supervises all legal proceedings, financial reporting,
bill auditing and supervision of building improvements and repairs.
She has also been successful in assisting in the refinance of mortgages for
owners in order for them to obtain additional capital and lower interest rates
thereby increasing cash flow.
Ms. Murphy is a member of the Bronx-Manhattan North Board of Realtors.
For more information about WRA Properties, Inc.'s brokerage services, please call Frank T. Chiarello, President, at (718) 224-9500 x130,
complete our Information Request form or