Eddie Setton is an administrative director/managing partner at Shamah Properties LLC and its in-house management company, Shamco Management, that currently owns and manages over 1,500 rental units in Brooklyn, New York City and the New York metropolitan area.
Setton represents the third generation of this real estate company, founded by his grandfather, Joseph Shamah in 1980. Today Setton runs the company with his uncle CEO Alan Shamah and Managing Partner Carl Zekaria.
Setton specializes in multi-family property management, leasing and investments. He has negotiated with lending institutions in placing approximately $150 million in debt proceeds for Shamco managed properties as well cultivated partnership relationships with multiple key suppliers, vendors and service businesses in order to maximize investment returns for the properties. Some of Setton’s notable achievements include sourcing new investments for Shamah Properties as well as securing private equity. Eddie graduated Brooklyn College with a major BS in Business & Finance.