Joint ventures and partnerships have purchased and sold over 350 properties totaling over $200 million.
Relationships with a pool of high net worth investors, private lenders, and commercial banks to organize partnerships on various types of real estate transactions and investments.
Raising capital and assembling investors to acquire and purchase properties in little as 10 business days.
Acquisition of commercial and residential properties in disrepair. Renovated properties and market with licensed brokers to end users and investors for retail value returning a sizable profit.
New construction single family, multi-family and mixed used properties.
Relationship with multitude of architects and licensed contractors to develop.
Experience with multiple city agencies such as:
NYC Department of Buildings
NYC Department of Transportation
NYS Department of Environmental Conservation
NYC Department of Environmental Protection
Team of in-house contractors specializing in new development and renovations:
Experience in purchasing over 50 REO’s from various banks on Long Island and NYC Boroughs.
Experience in purchasing mortgage notes from banks and investors.
Work directly with foreclosure attorneys to start or continue foreclosure process on mortgages in default.
Deal directly and empathetically with property owners to find a resolution beneficial both to investors and homeowners. The majority of property owners avoided the foreclosure process and worked out an agreement for a full settlement in exchange for cash for keys and or deed in lieu.
Work directly with property owners to find alternatives to foreclosure.
Coordinate buyers with sellers of distressed properties to facilitate a short sale or in many cases pay off existing mortgage, water bills, real estate taxes and other liens against the property.
Give property owners an opportunity to settle their debt, repair their credit and move forward with their lives instead of being burdened by the threat of foreclosure, default judgments and relentless banks and collection agencies.
Direct relationship and contact with property owners to cut third-party costs and overhead.
Identifying properties with development potential.
Work directly with architects to plan and obtain approvals for new construction residential, commercial and mixed-use construction.
Work with architects and zoning attorneys to target and maximize development opportunities.
Evaluate and acquire underperforming properties.
Turning around challenged properties based on prior owners mismanagement.
Renovating properties to maximize value and repositioning the asset.
Alex Noghreh was born Arash David Noghreh on May 4, 1975, in Tehran Iran to Khalil and Sorour Noghreh. In 1982, he moved to New York with his family. He's the youngest of 4 children. Alex grew up in Great Neck NY and moved to NYC shortly after graduating college in 1997. Alex has been married since June of 2009 and currently lives in Great Neck with two children. He's currently a member of Beth Hadassah Synagogue as well as Chabad of Great Neck.
Upon graduation, Alex began working for Segal Advisors (now known as Segal Rogerscasey) from 1997-1999. His responsibility as a financial analyst included working directly with clients which included corporations, nonprofit organizations, endowments, foundations, governments, and benefit trust. His responsibility also included providing reports to clients so that the clients can monitor investment strategies and portfolio results.
In 1999, Alex began to work for JP Morgan Chase as a financial analyst. His main responsibility was to deal with their high net worth individuals to review and analysis portfolio strategy and investment decisions.
In 2001, Alex began to work for Worldco LLC as a day trader on Wall Street. Although Alex had success as day trader he realized that the day-to-day stress and volatility of the market made it difficult to make this a long-term career. Alex was working in his office at one Wall Street on September 11, 2001, when terrorists hit the World Trade Center. The experience had a profound impact leading him to join the family business in real estate instead.
In 2001, Alex Noghreh began working in the real estate development and investment field full time. Over the course of the last 15 years, he has worked on projects within all the boroughs of NYC as well as Nassau County and Suffolk County.
Alex has worked with countless homeowners who were behind on their mortgage helping them sell their house and avoid foreclosure. Many of these homeowners were police officers, doctors, nurses and contractors who were hit hard by the recession and needed an opportunity to move forward with their lives. The advantage of selling their home instead of losing it to foreclosure gives many people the chance to be able to buy a house in the future instead of dealing with debt their entire lives. Alex has remained friends to several of these homeowners he purchased homes from helping them repair their credit and advising them on referrals for matters related to real estate.