From the 80s to the Present Day, Greg Singer Financial Corporation Continues to Revitalize Communities

During the late 80s, Mr. Greg Singer – owner and founder of the Greg Singer Financial Corporation – was still working as a real estate broker in New York City, when he realized that he could take his experience and follow in the footsteps of his family by becoming the fourth member in their generation to help revive communities, and do his part to give back by providing senior housing and other social services, and by following in the image of his forefathers.

This lineage of the Singer family being intimately involved in real estate and giving back to communities actually dates all the way back to the turn of the century, when Louis Singer founded the Mount Lebanon Cemetery in Queens, New York in 1914. A few short years later, in 1922, Louis was the founder and President of the Home of Old Israel; a privately funded and nonprofit organization that was dedicated to providing free housing and food to the elderly and not on a sectarian basis.

Jack Singer, Louis’ son, would go on to give back like his father did, in the 50s and in the 60s, when he took over as President of the Home of Old Israel, and constructed the largest senior housing district in the nation at the time; a place called Seagirt Village, located in Far Rockaway, Queens, NY.

The Singer tradition continued on in the 70s, when Jack’s son, Mike Singer, and his wife would open the Concept House in Florida, a nonprofit and comprehensive drug rehabilitation center that still treats 1000s of persons annually.

In 1986, Greg Singer Financial Corporation was founded by Greg Singer to specialize in providing real estate loans. By the early 90s, Singer, driven by the urge to follow in his forefathers strong philanthropist steps, found a project that would allow him to also give back to the community.

When a building was in trouble in Manhattan, on the Upper West Side, Greg saw it as a way to step in and follow in his father’s, grandfather’s and great grandfather’s lineage. He purchased the Chesterfield Condominiums, which was being mismanaged by the previous owner, and remodeled and revitalized it, turning it into a gorgeous and modern building that to this day still provides free housing and social services for seniors.

At the present, Greg Singer in New York City is working on his latest project, the University House, where he is in the process of rehabbing a previously vacant building to convert it into modern, affordable dormitories for students in Manhattan.

Gregg Singer Aims to Make NYC Student Housing More Affordable

Finding affordable housing in New York City is hard enough to accomplish when you are an established family of four with a solid income, much less a college student that is trying to survive on ramen noodles while working a full time job and attending school to gain your degree full time. The state of New York is robust with hundreds different colleges, universities and graduate schools that offer some of the most sought after training and education programs in the world. Due to the high demand for attendance at these schools of higher learning, there is an influx of more than half a million students that are seeking housing in New York City on any given school year. Most of these students could only ever dream of living in the accommodating suburban area of Manhattan, due to high housing costs and lack of space, until Singer Financial Corporation came along with plans of a brand new housing complex and community for them directly in Manhattan that is both affordable and desirable.

Founded in 1986 by Greg Singer, whose intent was to revitalize downtown areas in New York City and make them more affordable, up-to-date and inviting in order to attract new residents and increase the amenities and property values for existing residents, Singer’s companies are working on making the dream of Manhattan living an affordable reality for many of New York’s college students. The heart of the project is an old school building in the East Village. Singer’s company has already purchased this commercially zoned building that is actually zoned for community usage – the same zoning required for a dormitory – and has plans to convert it into a state-of-the-art and modern, affordable college dormitory in Manhattan.

The company has specialized in revamping dilapidated properties across New York for more than twenty years, and now sets its sights on empowering the students of New York City to be able to enjoy modern and affordable housing while they pursue their college degrees. Greg Singer has fondly labeled this dormitory project as: The East Village Dormitory. Numerous universities and colleges nearby will benefit once its construction is finished by being able to lease space from Singer Financial Corporation so that they can offer their students affordable Manhattan dormitories with realistic leases. Not only will this project preserve the original school building, but it will revitalize an abandoned building, encourage inter-school communications, and will also serve to encourage growth in the school and housing sectors within this community.