Staff Bios
Principals: Charles Kyriakoudes Michael Kerris Phillip V. Sansone
Charles Kyriakoudes
Chief Executive Officer & Founding Partner
Charles Kyriakoudes is an accomplished entrepreneur and real estate investor and developer. Charles has founded and managed more than 20 companies in various industries during the last 30 years and lead a work force of more than 150 employees.
Charles has been actively involved in real estate since age 27 when he purchased his first investment property. He now owns and manages several multi-family and mixed-use buildings and is a New York State licensed real estate broker. He has also designed and supervised the construction of his personal residence, which was recognized and highlighted in several real estate and architectural design magazines.
He co-founded the FrameWorks Group in 2002. Shore Front, the company’s first development Condominium, Charles set the highest standard in design and helped to secure what at that time was the highest selling prices ever for condominiums in Rockaway Park. The project sold out in just six hours. Charles’ vision and his two condominium developments are a major part of the Rockaway renaissance, which is transforming the Rockaways from a bungalow community to a modern shorefront district.
The Rockaways were not the first community he helped change. His growth and activity in Astoria earned him the position of Vice President of the Broadway Merchants Association, and in 1988 Charles was honored as their “Man of the Year”. During that time he founded Leisure Video. Within four years, the company expanded into a chain of seven video rental stores and three one-hour photo shops, which came to dominate many Queens neighborhoods. For several years, Leisure Video was one of the nation’s 100 highest grossing video chains. The company was also recognized and honored on several occasions by national publications for its growth, position and contribution to the industry. He also established two pizzeria restaurants, a Laundromat, two real estate brokerage offices and a TCBY ice cream parlor franchise.
Charles’ reputation and management abilities drew the attention of Alma Realty, a large real estate development and management group. Under Charles’ supervision, the three 13-story, 800-family, 14-acre complex underwent a three-year multi-million dollar capital improvement, which also included the complete renovation of 120 apartments. The renovations were also made while the buildings were fully occupied. Charles managed all operational issues including union employees, contractors, security, tenant issues and apartment rentals.
During this period, Charles simultaneously managed the Pinnacle, the premier 239-unit condominium building in Forest Hills, Queens. He supervised the union staff and was directly involved with all renovations to the building and managed owner/tenant issues.
Charles has also been involved in several civic organizations. For 12 years he served as the Malba Homeowners Association Vice President and then for three years as their President. They also honored him as their “Person of the Year”. In addition, he served as the Vice President of the Malba Field and Marine Club and then for another eight years as their President. He also served as the Vice President of the Holy Cross of Whitestone Greek Orthodox Community.
Charles is a graduate of CCNY with dual degrees in Banking/Finance and Education.
Michael Kerris, Esq.
Chief Financial Officer & Founding Partner
Michael Kerris co-founded the FrameWorks Group in 2002 and has served as its Chief Financial Officer. Kerris has managed the acquisition of eight parcels of land, and is developing 156 condominium units valued at more than $100 million. Kerris has raised approximately $15 million via equity syndications and $50 million in commercial financings for these projects. He has spearheaded all aspects of The FrameWorks Group’s developments including their formation, capitalization, planning, design, operations, legal, marketing and sales. The FrameWorks Group has consistently outperformed its market competitors both in terms of average selling price and rate of absorption.
Prior to assuming his full time role with The FrameWorks Group in 2003, Kerris worked as an Investment Analyst with one of the five largest private wealth management groups at UBS. From 1998 through 2002, Kerris founded and served as the Portfolio Manager of The Kerris Group. The hedge fund’s investment approach emphasized in-depth proprietary fundamental research and concentrated investments primarily in emerging growth companies. In addition to managing the investment fund, Kerris provided investment analysis on securities in a variety of industries for a number of investment companies. In 2000, Kerris organized a real estate investment syndicate, which purchased a commercial property with a 55% first-year return on invested capital.
From 1997 through 1998, Kerris worked as an Analyst for Alchemy Finance, a real estate development and finance company. Alchemy focused on the investment and development of luxury condominium buildings in Manhattan. In this capacity, Kerris assisted Alchemy and its clients in securing more than $100 million in realestate development and cooperative financing, and private equity placementswith dozens of institutions. Kerris also analyzed several multi-million dollar real estate acquisitions and condominium conversions. Prior to this, Kerrisspent a year at Morgan Stanley and completed its formal training program and passed all relevant securities exams.
Kerris worked as both the Chief Financial Officer and Chief Operating Officer of Axiom Communications, a telecommunications company that he co-founded in 1994. During Kerris’ tenure, Axiom’s revenue grew by several hundred percent and acquired four companies. Axiom was ultimately sold to a large telecommunications company. While running Axiom, Kerris also earned his law degree from St. John’s Law School with a focus on real estate and corporate law. Kerris held several leadership roles including Academic President of the Student Bar and Editor of the New York State Bar Association’s Real Property Law Journal. Kerris clerked for a New York State Supreme Court Justice and at two real estate law firms. Kerris was hired by the Dean of St. John’s School of Law as a consultant to assist him in executing the school’s Total Quality Management initiative. Kerris is admitted to the New York State Bar Association. Kerris earned his undergraduate degree in Finance from Fordham University, and graduated in the top three percent of his class with double honors.
Kerris is a licensed New York State Real Estate Broker and has earned his Certified Financial Analyst level 1 designation. Kerris is actively involved in Rockaway’s community; and has served as the President of two condominiums. For nearly two years he also hosted a weekly business commentary and live call-in program on 91.5 FM Radio; and has written investment articles for a number of local publications. Kerris has been a member of MENSA.
Phillip V. Sansone
Chief Operating Officer
Phillip V. Sansone combines sound management experience with a consummate knowledge of day-to-day operations in his role of chief operating officer of the FrameWorks Group. He is responsible for cultivating and facilitating the company’s vision and strategic goals relating to real estate planning and development.
Since joining the FrameWorks Group in 2004, Mr. Sansone been intricately involved in all pieces of the new development puzzle and in leading the company’s operational division. His responsibilities include construction, financial planning and administration, contract negotiations, purchasing, regulatory compliance, customer relations and property management.
Throughout his tenure with the FrameWorks Group, Mr. Sansone has taken a leading role in many of the company’s projects. He is currently managing the development of a 57-unit new-construction mid-rise condominium in Rockaway, Queens, and is responsible for planning, design, construction and city and state approvals for this project. He is also managing the development and sales of Belle Shores Condominium, a 78-home new-construction community in Rockaway Park, and was involved in the construction of the 21-home Shore Front Condominium, also in Rockaway Park. Mr. Sansone’s oversight and attention to detail at Shore Front Condominium resulted in the development’s sell-out in just one season.
Prior to joining the FrameWorks Group, Mr. Sansone honed his management expertise during four years at a Fortune 1000 company, one of the largest outsourcing companies in the country. He was chosen as part of a very select group of individuals for an intensive two-year management program, and was then selected to manage four departments, one which had five employees and annual sales of $12 million. Within two quarters, Mr. Sansone reduced the department’s outstanding accounts receivables by 56 percent. He established new policies and procedures which saved the company approximately $1.5 million annually in expenses.
Mr. Sansone holds a bachelor’s degree from State University of New York at Binghamton and is a licensed Real Estate Broker in the state of N.Y.