Some people who now call South Florida home still own commercial real estate back in New York: a storefront, a small office building, a mixed-use property with apartments upstairs that once paid the bills and now may help fund retirement. Owning a building a thousand miles from where you live raises a practical question, and Realty Wealth Property Solutions is a New York firm built to answer it. Founded in 2025 and based in Huntington, on Long Island, the firm offers commercial brokerage, property management, asset management and consulting to small and mid-size property owners on Long Island and across the New York metro area.

Who meets the contractor when you are in Florida?

One of the questions in the firm's free Property IQ check gets right to the point: "Who meets property inspectors, contractors and repairmen at your properties?" Another asks how you respond to tenant service requests, and a third asks how often you physically inspect your properties. For an owner who spends the winter in Palm Beach or Broward, the honest answers can be uncomfortable.

That is the owner the firm's commercial property management service is written for. Its page asks, "Is it Costing You Dollars to Save Dimes?" and speaks to the owner trying to save money by self-managing, or leaning on an administrator, who is starting to suspect that things need attention. Whether you own a single asset or a small portfolio, RWPS says it specializes in property management for owners like you, covering daily operations, vendor oversight, inspections, billing and collections, bookkeeping and budgeting, financial reporting, repairs and maintenance, capital improvements, life safety compliance, tenant relations and lease administration.

The firm handles that work for owners today. At 5018 Expressway Drive South in Ronkonkoma, a 13,700-square-foot office building within walking distance of the Ronkonkoma train station, RWPS represented the seller and now manages and leases the property. Its closed deals include 277 Northern Blvd in Great Neck, the 28,800-square-foot office building pictured above, which sold for $5,620,000.

Real estate as part of retirement, estate and succession planning

The firm's home page notes that later in life, the income from your real estate may be a key component of your retirement, estate and succession planning. Its experience page asks owners who are planning for retirement, or already there, whether they are getting conflicting advice from an estate planner, a lawyer, friends, family or the investing book they just read. Each has a piece of the puzzle, the firm says, but you need expert advice from someone who "sees the entire picture on the top of the box."

If selling is on the table, the firm's commercial real estate brokerage team works with sellers, buyers, tenants and landlords. Its advice for sellers is that to command top dollar, a property's strengths must be showcased and its vulnerabilities recognized and addressed, and that sometimes even the smallest upgrade can result in huge returns. The Property IQ check even asks how clear you are on the options and rules of a 1031 exchange for deferring capital gains taxes when selling a property, a question worth asking your own tax advisor as well.

Brokerage services are delivered in association with Realty Connect USA of Long Island, Inc., one of Long Island's largest real estate brokerage companies.

A consultant who splits his time between New York and Florida

The firm's Head of Consulting, Philip Okun, knows both ends of that trip. According to his bio, he is licensed to practice real estate in New York and Florida and splits his time between the two. He has been in commercial real estate since 1978, when he co-founded Merrill Lynch Realty's Commercial Division, later served as President of Skyline Management overseeing 3 million square feet of office buildings and shopping centers, and was a founding director of Hanover Bank, where he chairs the Loan Committee. He is also the author of two books, Make Money on Main Street and The Back of the Napkin. His consulting practice serves developers and owners weighing a project or a complex transaction.

He works alongside founder Ron Epstein, who brings four decades in commercial real estate, and Louis D'Ambrosio, Head of Property Management, with more than 25 years managing multifamily, retail and office properties. The firm says its leadership team has more than 100 years of combined industry experience. Its fourth service, asset management, focuses on the financial health of your properties: meeting obligations to tenants, lenders and partners while positioning the asset to reach its full potential.

Start with the Property IQ check

The firm's free Property IQ check is the easiest place to start. It is ten questions, drawn at random from a pool of 16, and takes about five minutes. Your score out of 100 appears on screen when you finish, with no email address needed, and it is broken into four areas: Compliance & Risk, Income & Collections, Cost & Capital, and Time & Attention. The report prints the firm's comment on every answer and recommends one of its four services. It is a self-assessment, not an inspection, a lease review or a title search.

Before you call, the firm's InfoHUB has a plain-English guide to understanding cap rates, the number that ties a building's income to its value.

Realty Wealth Property Solutions is at 775 Park Avenue, Suite 255, in Huntington. Call (631) 546-7770, email [email protected], or book a free 30-minute consultation at realty-wealth.com. The firm says it replies to messages within one business day.