Paramount Properties Group

What Paramount Properties Group does

Paramount Properties Group, Inc. (PPG) is a privately held, full-service commercial real estate brokerage firm headquartered at 171 Allen Blvd, Farmingdale, New York, serving Long Island, the five boroughs of New York City, and surrounding markets. The firm was founded by Gary J. Chimeri following his tenure at Marcus & Millichap Investments, and operates with a lean team of 1-10 employees led by Chimeri as President and CEO, William M. Chimeri as Director of Finance, and Michael Berndt as Executive Director. The firm maintains a deliberate regional focus, building relationships with commercial real estate attorneys, qualified intermediaries, environmental, architectural, engineering, construction, development, general contracting, and property management firms across the Long Island / NYC corridor.

The firm's core services are organized around five integrated offerings: buyer and seller sales representation, landlord and tenant leasing representation (including renewals, sub-leases, assignments of lease, options to purchase, and rights of first refusal), asset valuations through expert Opinion of Value (OPV) assessments, 1031 exchange facilitation including reverse exchanges, and site selection for end-users and investors. These services cover a range of deal types — end-user, owner-operator, value-add, sale-leaseback, investment, distressed, 1031 exchange, and land development — and span industrial, retail, flex, and land asset classes, with a notable tilt toward industrial product.

PPG operates on a transaction-fee revenue model, earning brokerage commissions on commercial property sales and lease transactions as a direct-sales intermediary representing both sides of deals. The firm does not disclose pricing or commissions publicly, consistent with industry norms where fees are negotiated per-transaction. Marketing channels are limited to the company website/property listings portal, an email newsletter sign-up for on- and off-market properties, and earned media coverage in regional publications including Long Island Business News, The Real Deal, The New York Real Estate Journal, Newsday, Real Estate Weekly, and Traded NY. The firm has accumulated Co-Star Power Broker recognition across eight years (2014-2016, 2018, 2020-2023), with disclosed notable transactions including a $35.15M Holtsville sale, a $32.25M Spagnoli Road sale, a $6.69M Daniels Health acquisition, a ~53,000 SF Walmart industrial lease, and a 10-year NNN HERC Rentals lease of ~15,210 SF.

Name

Paramount Properties Group

Legal name

Paramount Properties Group, Inc.

Website

https://paramountpg.com

Company type

Private

Operating status

Operating

Headcount range

1–10 employees

Short description

Paramount Properties Group is a privately held, full-service commercial real estate brokerage firm in Farmingdale, NY, serving Long Island, the five NYC boroughs, and surrounding markets. The firm provides sales and leasing representation, asset valuations, 1031 exchanges, and site selection to buyers, sellers, landlords, tenants, and investors across industrial, retail, and flex asset classes.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Brokerage

NAICS

Offices of Real Estate Agents and Brokers (531210)

SIC

Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Real Estate Investment Management (Acquisitions & Dispositions) (BPAJAMAK)

Keywords

• Commercial real estate brokerage
• Commercial property sales
• Commercial leasing services
• 1031 exchange advisory
• Site selection services

Headquarters

HQ city

Farmingdale

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales

Revenue model

1. Commercial Real Estate Brokerage Commissions: The firm earns commission-based fees on commercial property sales and lease transactions, representing both buyers/sellers and landlords/tenants.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Paramount Properties Group is a full-service commercial real estate brokerage firm representing buyers, sellers, landlords, and tenants in commercial property transactions across Long Island, the five boroughs of New York City, and surrounding markets. The firm provides sales representation, leasing representation (including renewals, sub-leases, assignments, options to purchase, and rights of first refusal), asset valuations (Opinion of Value), 1031 tax-deferred exchange facilitation (including reverse 1031s), and strategic site selection for end-users, owner-operators, value-add investors, sale-leaseback participants, investment buyers, distressed asset purchasers, and land developers.

Product overview

Paramount Properties Group (PPG) operates as a full-service commercial real estate brokerage firm serving the Long Island, 5 Borough, and surrounding markets. The firm offers a unified platform of services including Sales Representation (buyer and seller representation), Leasing Services (landlord and tenant representation), Asset Valuations, 1031 Exchange Services (including reverse exchanges), and Site Selection. PPG maintains an active portfolio of industrial, retail, flex, and land development properties for sale or lease, while also showcasing completed transactions. The firm's transaction volume encompasses millions of square feet in commercial sales and leases across various deal types including end-user, owner-operator, value-add, sale-leaseback, investment, distressed, and 1031 exchange opportunities.

Differentiator

Problem solved

Functional benefit

Products and services

• Sales Representation Buyer and seller representation for commercial real estate acquisitions and dispositions across Long Island, the five boroughs of New York City, and surrounding markets, covering end-user, owner-operator, value-add, investment, distressed, and 1031 exchange transactions.
• Leasing Services Landlord and tenant representation for commercial leasing transactions, including lease renewals, sub-leases, assignments of lease, options to purchase, and rights of first refusal on industrial, retail, and flex properties.
• Asset Valuations Expert Opinion of Value (OPV) assessments for commercial properties, based on area comparables as well as specific building attributes and selling points, offered as a no-obligation consultation to prospective clients.
• 1031 Exchange Services Facilitation of standard and reverse 1031 tax-deferred exchanges for real estate investors and property owners, coordinating with qualified intermediaries and other professional partners.
• Site Selection Strategic location analysis and site identification services for commercial real estate end-users, owner-operators, and investors across Long Island and the surrounding New York markets.

Named customers4 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators3 records

Recent moves6 records

Expansion highlights3 records

Broad incumbents

• Cushman & Wakefield: Global CRE services firm with deep New York presence across industrial, retail, and capital markets; comparable as a broad incumbent offering overlapping buyer/seller and landlord/tenant representation.
• CBRE: Largest global commercial real estate services firm; comparable as a large incumbent in NYC/Long Island investment sales, leasing, and capital markets, competing for the same enterprise tenant and investor mandates.
• Marcus & Millichap: National investment real estate brokerage where PPG's founder Gary J. Chimeri previously worked; comparable because both focus on commercial investment sales, leasing, and acquisitions/dispositions for investors and owner-operators across U.S. markets including New York.
• Newmark Group: Global commercial real estate services firm with strong New York presence; comparable because it provides investment sales, leasing, and capital markets advisory across the same NYC/Long Island CRE ecosystem.
• Colliers International: Global CRE services firm offering investment sales, leasing, and valuation; comparable as another broad incumbent serving Long Island and NYC commercial property buyers, sellers, and tenants.
• JLL (Jones Lang LaSalle): Global CRE services platform with full investment sales, leasing, valuation, and capital markets capabilities; comparable as a scaled competitor in the same Long Island and 5-Boroughs market for tenant/landlord rep and acquisitions.

Regional players

• Meridian Capital Group: New York-based commercial real estate finance and capital markets intermediary; comparable because it works the same LI/NYC investor and owner-operator base on capital-markets and 1031-type transactions.

Direct peers

• Ripco Real Estate: Long Island and New York City-based commercial real estate investment sales and brokerage firm; comparable because it serves the same LI/NYC geography with investment sales, leasing, and capital markets services for industrial, retail, and office assets.
• Besen & Associates: New York-based commercial real estate investment sales and capital markets firm; comparable as a similarly sized boutique doing acquisitions, dispositions, and landlord/tenant rep on NYC/LI commercial assets.
• NAI Global / NAI Long Island: Network of independently owned CRE brokerage firms including Long Island affiliates; comparable because member firms offer industrial, retail, and office sales/leasing services in the same regional geography.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Paramount Properties Group