Philip Pilevsky is one of the biggest names in real estate – an impressive feat when your area of expertise is New York City. A graduate of Columba University, where he received his MA in education and political science, Pilevsky is currently the founder, chairman, and CEO of Philips International, an esteemed position he has held for almost four decades. Philips International is one of the largest privately owned real estate development and property management organizations in New York.
As its head leader, Pilevsky oversees all aspects of ownership, development, sales, acquisitions, leasing, and property management for over 200 properties that include retail shopping centers, commercial office buildings, residential properties, hotels, commercial condominiums, and residential cooperatives throughout the United States. Because of Pilevsky’s unmatched experience in the areas of residential and commercial real estate, the company has continued to grow steadily since 1979, seeking opportunities across the country and committing itself to building strong relationships and innovative ideas.
Like all successful businessman, however, Philip Pilevsky has evolved over the years. In the mid-80s, much of Pilevsky’s revenue came from his uncanny abilities as a flipper, or a real estate dealer who sings a contract to buy a property and sells the contract before he takes title to the property. As the 38-year-old president of Philips International, Pilevsky freely conceded that his ability to invest millions of dollars of his own capital into his projects was due to successful flipping over the previous decade. But in 1984, Pilevsky began moving away from his reputation as a flipper, and instead started focusing on building his portfolio as an investor.
At that time, Pilevsky said he had about $400 million worth of property, including large-scale development projects including the recently completed River Hotel on Christopher Street in the West Village, and the new 28-unit condominium under construction on the Avenue of the Americas between Waverly Place and Washington Place in Greenwich Village. His endeavors have clearly defined him as an entrepreneur in the real estate world.
Pilevsky’s strategy has also been unique. Starting out as a land dealer in Florida, Pilevsky later moved to Orlando where he found he could resell land that had been mapped for development in the 1920s. He returned to New York in 1974, where he obtained a broker’s license and began building small shopping centers in Brooklyn, Queens, and Staten Island. When it comes to buying property, Pilevsky said he always avoids ‘pyramiding,’ meaning each of his projects is independent of the others.
As its head leader, Pilevsky oversees all aspects of ownership, development, sales, acquisitions, leasing, and property management for over 200 properties that include retail shopping centers, commercial office buildings, residential properties, hotels, commercial condominiums, and residential cooperatives throughout the United States. Because of Pilevsky’s unmatched experience in the areas of residential and commercial real estate, the company has continued to grow steadily since 1979, seeking opportunities across the country and committing itself to building strong relationships and innovative ideas.
Like all successful businessman, however, Philip Pilevsky has evolved over the years. In the mid-80s, much of Pilevsky’s revenue came from his uncanny abilities as a flipper, or a real estate dealer who sings a contract to buy a property and sells the contract before he takes title to the property. As the 38-year-old president of Philips International, Pilevsky freely conceded that his ability to invest millions of dollars of his own capital into his projects was due to successful flipping over the previous decade. But in 1984, Pilevsky began moving away from his reputation as a flipper, and instead started focusing on building his portfolio as an investor.
At that time, Pilevsky said he had about $400 million worth of property, including large-scale development projects including the recently completed River Hotel on Christopher Street in the West Village, and the new 28-unit condominium under construction on the Avenue of the Americas between Waverly Place and Washington Place in Greenwich Village. His endeavors have clearly defined him as an entrepreneur in the real estate world.
Pilevsky’s strategy has also been unique. Starting out as a land dealer in Florida, Pilevsky later moved to Orlando where he found he could resell land that had been mapped for development in the 1920s. He returned to New York in 1974, where he obtained a broker’s license and began building small shopping centers in Brooklyn, Queens, and Staten Island. When it comes to buying property, Pilevsky said he always avoids ‘pyramiding,’ meaning each of his projects is independent of the others.
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