They pencil out budgets. They organize repairs. And many of Manhattan’s managing agents — the companies that handle the unglamorous, day-to-day aspects of the real estate business — seem particularly adept at weathering recessions. Many of the city’s major residential property management companies expanded during the recession and its aftermath, by gobbling up smaller firms or poaching clients from rivals, according to The Real Deal’s ranking.
MOST MANHATTAN RESIDENTIAL UNITS UNDER MANAGEMENT
Rank | Firm | Units | |||||
---|---|---|---|---|---|---|---|
2013 | 2009 | 2013 | 2009 | ||||
1 | 2 | FirstService/Cooper Square Realty | 45000 | 35000 | |||
2 | 1 | Douglas Elliman Property Management | 38000 | 44000 | |||
3 | 3 | Charles H.u00a0Greenthal Management | 22856 | 23853 | |||
4 | 4 | Rose Propertyu00a0Management | 22294 | 19360 | |||
5 | 5 | AKAM Associates | 21000 | 18000 | |||
6 | 6 | Maxwell Kates | 13500 | 12800 | |||
7 | 11 | Halstead Management Companyu00a0 | 11670 | 7700 | |||
8 | 7 | Orsid Realty | 11451 | 10000 | |||
9 (tie) | 15 | Andrews Building Corp. | 10000 | 6325 | |||
9 (tie) | 10 | Tudor Realty Services | 10000 | 8715 | |||
9 (tie) | 8 | Matthew Adam Properties | 10000 | 9000 | |||
12 | 8 | Brown Harris Stevens Residential Management | 9500 | 9000 | |||
13 | N /A | Century Management | 7200 | N /A | |||
14 | 12 | Gumley Haft Real Estate Property Management | 7000 | 7500 | |||
15 | 16 | Lawrence Properties | 6850 | 4959 | |||
16 | 18 | Midboro Management | 6750 | 4671 | |||
17 | 13 | Buchbinder & Warren | 5500 | 7000 | |||
18 | N/A | Argo Real Estate | 5400 | N/A | |||
19 | 17 | AJ Clarke Real Estate Corp. | 5300 | 4800 | |||
20 | 19 | Rudd Realty Management | 4500 | 4200 |
MOST MANHATTAN RESIDENTIAL BUILDING UNDER MANAGEMENT
Rank | Firm | Buildings | ||
---|---|---|---|---|
2013 | 2009 | 2013 | 2009 | |
1 | 1 | Andrews Building Corp. | 350 | 300 |
2 | 2 | Douglas Elliman Property Management | 290 | 250 |
3 | 3 | FirstService/Cooper Square Realty | 285 | 200 |
4 | 4 | Charles H.u00a0Greenthal Management | 185 | 184 |
5 | 5 | Brown Harris Stevens Residential Management | 163 | 152 |
6 | 6 | AJ Clarke Real Estate Corp. | 160 | 130 |
7 | 9 | Orsid Realtyu00a0 | 141 | 120 |
8 | 7 | Maxwell Kates | 140 | 122 |
9 | 14 | Halstead Management Companyu00a0 | 131 | 80 |
10 | 11 | AKAM Associates | 125 | 95 |
11 | 10 | Buchbinder & Warren | 120 | 100 |
12 | 13 | Matthew Adam Properties | 102 | 85 |
13 | 16 | Rose Propertyu00a0Management | 100 | 77 |
14 | 19 | HSC Management Corp. | 99 | 67 |
15 (tie) | 12 | Tudor Realty Services | 90 | 90 |
15 (tie) | 18 | Midboro Management Inc. | 90 | 69 |
17 | N /A | Argo Real Estate | 77 | N /A |
18 (tie) | 17 | Rudd Realty Management | 75 | 75 |
18 (tie) | 14 | Gumley Haft Real Estate Property Management | 75 | 80 |
20 | N/A | Century Management | 70 | N/A |
Source note: First published in the August 2013 issue of The Real Deal. Data comes from a survey of property management companies and divisions, from the Real Estate Board of New York and from industry reports. List includes only “third-party” managing agents, or companies that own less than half of the buildings in their portfolio.