Trion Real Estate Management, a property manager headquartered in Yonkers, has been named the new managing agent for two mixed-use buildings in the Bronx – 758 Kelly Street and 2833 Decatur Avenue.
Together, the properties include 77 apartment units and eight retail stores. Both properties currently need attention due to deferred maintenance and financial instability.
“Our management team looks forward to implementing our proven strategies and policies to help run these properties more efficiently,” said Carmelo Milio, CPM, president of Trion Real Estate Management.
758 Kelly Street, located in the historic district of Longwood in the Bronx, has many violations and deferred maintenance.
“In recent years we have been very successful in turning around properties similar to 758 Kelly Street and we once again look forward to the opportunity to improve the quality of life for the residents and increase the value of the property for the owner,” said Milio.
Immediate improvements include the reconstruction and painting of the lobby and hallways, as well as updating the entrance door and intercom system. Trion has also begun the process of a gas conversion. 2833 Decatur Avenue will benefit from a new laundry facility and security cameras.