Building Communities Through Real Estate: Advice from Abraham Leser

Abraham Leser, founder and chairman of the Leser Group
, has spent decades shaping the real estate landscape in Brooklyn, New York, and beyond. As a seasoned developer and property manager, Leser has not only built a successful career but also demonstrated a deep commitment to addressing community needs through his projects. His work offers valuable lessons for aspiring real estate professionals and community-focused developers.

Understanding Community Needs  

One of Abraham Leser's most impactful contributions has been his ability to identify and address the evolving needs of the communities he serves. Recognizing the growing number of working mothers in Borough Park, Leser converted several of his properties into daycare centers. This decision not only provided essential childcare services but also strengthened the community by supporting working families.

Advice: Always stay attuned to the needs of the community. Successful real estate projects go beyond profit—they create value by improving the lives of residents.

Strategic Investments for Long-Term Growth  

Leser’s acquisition of a Murray Hill assemblage in 2015 and the development of a 230,000-square-foot residential project in Borough Park highlight his strategic approach to real estate. By focusing on high-potential areas and long-term growth, Leser has built a portfolio that balances financial success with community impact.

Advice: Invest strategically by identifying areas with growth potential. Consider both the financial and social impact of your projects to ensure sustainable success.

Empowering Others Through Innovation  

Beyond his work in New York, Abraham Leser has extended his influence internationally. As the owner and manager of an Israel-based company, Leser provides employment opportunities for Ultra-Orthodox women, enabling them to work from home by scanning documents. This innovative approach not only supports economic empowerment but also respects cultural values.

Advice: Look for creative ways to empower others through your work. Innovation can drive both business success and social impact.

Balancing Tradition and Modernity  

As a member of the Hasidic Jewish community in Borough Park, Leser has successfully balanced his cultural heritage with the demands of modern real estate development. His projects reflect a respect for tradition while embracing contemporary needs and opportunities.

Advice: Embrace your unique perspective and values as strengths. They can guide your decisions and set your work apart in a competitive industry.

The Power of Adaptability  

Over the years, Leser has demonstrated a remarkable ability to adapt to changing circumstances. Whether responding to demographic shifts or exploring new business models, his flexibility has been key to his success.

Advice: Stay adaptable and open to change. The real estate industry is dynamic, and the ability to pivot can make all the difference in achieving long-term success.

Abraham Leser’s career is a testament to the power of combining business acumen with a commitment to community. His work with the Leser Group serves as an inspiring example of how real estate development can be a force for positive change. For those looking to follow in his footsteps, the key lies in understanding the needs of the people you serve, investing strategically, and staying true to your values.

The Leser Group: Pioneering Affordable, Quality Housing in Brooklyn

In the dynamic realm of Brooklyn's real estate, The Leser Group stands as a beacon of innovation and commitment to affordable, quality housing. Established in 2007 by visionary founder Abraham Leser, the company swiftly emerged with a mission to provide well-designed residences accessible to those most in need of opportunities. The Leser Group's focus spans the spectrum of real estate endeavors, encompassing development, improvement, acquisition, and leasing of income-producing properties.

Factors That Determine ROI of Real Estate Developments

The real estate industry is extremely complex. However, it is also fascinating and very diverse. Equal to any other investment, real estate projects have particular their own financial characteristics.

In most cases, the expected return on investment and risk level of a real estate project can be defined by three important factors: product type, life cycle stage, and location.

Below, experts from real estate development company The Leser Group, explain what each of them refers to.

How to get started in property development

 Anyone who is interested in property development should always be up to date with the latest information in the real estate sector. You’ll probably also need more knowledge than you may think – there are things you already know, things you know you don’t know, but as soon as you get into your first project you’ll also stumble on lots of things you didn’t even know you didn’t know!

Becoming a real estate developer requires years of experience, but the final result can be both professionally and financially rewarding. In order to support the real estate sector, Abraham Leser founder of the Leser Group, a New York City-based real estate development and property management firm, gives us a 9-step guide on how to carry out a real estate project. Here is what you should know before heading down the property development path.

1. Conceptualization of the project

The conceptualization of a real estate project begins with the identification of a property or land, with certain characteristics that meet a demand or need in a given area. This conceptualization includes the legal and financial pre-structuring of the project, feasibility and conceptual studies and risk analysis, as well as evaluation of the viability of real estate development.

2. Legislation, legal and fiscal framework of real estate operations

Check that it is feasible to obtain the necessary permits in accordance with current legislation. Consider the legal regime of property, urban planning and land regime, the public registry of property, property valuation, tax charges and legal framework applicable to real estate operations.

3. Business plan and financing

Document the analysis of the information, the viability and feasibility of the real estate project. Develop the proposal, its approach, its objective, analyzing various factors such as: marketing and benchmarking, risks, contingencies and opportunities, strengths, weaknesses, opportunities and threats, the resources to be used (financial, legal, legal, human, technological, etc. .), scope, costs and profits. Identify the sources of financing for the development of the real estate project, the developer's own resources, capital contributions from investors, bridge loans and direct loans, credit bureau, interest rates, guarantees, etc.

4. Purchase or insurance of property

The purchase or insurance of the property is crucial and can be done after the feasibility study., explain from The Leser Group. Ensure the evaluation of the property, that it is free of encumbrance, the financing, the deed and the management of paperwork.

5. Design, planning and organization of the project

This covers the architectural design, engineering, consultants, contractors, legal and accounting services, studies, budgets, programs, manuals, policies and procedures; as well as the planning of work, construction processes and acquisition of resources.

6. Studies and permits

Research and manage the studies, permits and documentation required by government authorities to carry out real estate development.

7. Construction

Build the real estate project according to the design, guidelines and defined planning.

8. Real estate marketing

Evaluate and develop marketing and dissemination strategies according to the needs or desires existing in the real estate market, objectives, forecasts and budget. Advertising, public relations and promotions on site.

9. Marketing: sale / rent and administration

Carry out the promotion and sale of real estate development, or rent and administration of it if your objective is not the sale.

Although each real estate development is unique and has its peculiarities, it is important to always keep these steps in mind. They are essential to guarantee the success of the development and ensure the profitability of investors, as well as the prestige and image of the company that develops the real estate project.

Real estate development and property management company, the Leser Group, with headquarters based in Brooklyn, NY, is dedicated on the development and the improvement of income-producing properties. It also has a project to develop a 230,000-square-foot residential development in Borough Park. This company acquires, and leases such properties.

Four Characteristics of a Good Real Estate Developer

 

Being a real estate professional is not an easy task. To create real estate development projects requires prior work in the field: seeking that the projects carried out have certain characteristics such as quality, capital gains, or an excellent location, with the support of experience in the field.

At The Leser Group, a Brooklyn-based real estate development and property management company, we know that achieving success requires constant improvement, which has become part of our daily activities. To stand out in the sector, strict compliance with quality standards is necessary, as well as maintaining an honest and fair business relationship with clients and investors. Quality is a constant at The Leser Group. Every property we build draws on a combination of outstanding talent and lengthy experience in the residential and commercial property sector. In addition, we always choose the best materials and finishes to build properties that ensure your well-being, both now and in the future.

For all the above, before making any purchase in the field of real estate, it is very important to know certain characteristics of a good real estate developer, which will give you the security of an excellent investment.

So, without further ado, here are the 4 characteristics of good real estate developers:

1. Experience

As we have mentioned, before acquiring a property it is vital to know if the real estate agency in charge has the necessary track record and experience, in order to have prior support and ensure that it is not an improvised company.

2. Planning

One of the great qualities that a real estate company requires is proactivity, which will lead you to carry out various studies before starting any project to minimize the risks associated with your investment. This is why a good development brings behind all a planning about the location, size of the development, characteristics and amenities, etc.

3. Quality

Invariably, a good development must have the best materials available and follow strict processes in their construction, ensuring a final product of the highest quality. Along with this, it is important to implement the use of new materials and technologies that allow for cutting-edge designs with the certainty that they will be durable. The Leser Group uses the most cutting-edge equipment and systems available, employing new technologies at every stage of the project in order to identify and fulfil their clients needs.

4. Potential and long-term vision

It is vital that development planning is based on the potential of the project and a long-term vision. This means that we seek a relevant development not only in the present, but in the following years. This is related to locating it in an attractive area to generate capital gains, as well as having plans to create different stages within it. Of course, this also becomes a very important point for investors. Innovation and sustainability are the fundamental pillars of the company's projects, at the same time as The Leser Group team makes a permanent commitment to customer satisfaction by creating design houses with quality and comfort.