Ever dreamt of owning a property in New York City, the city that never sleeps? Or, owning property in New York City? Renting one out? Don’t worry! Finding the right property management companies in New York can be the key to a smooth and successful investment.
Likewise, we have listed top residential property management in NYC. They will equip you with the knowledge to find the perfect partner to manage your property. As such, we’ll delve into companies Headquarters, Founded, Revenue, Services. Besides that, we’ll also discover a proven track record, impressive financials, and a diverse range of services.
In this blog, we’ll explore property management companies in New York to keep your investment running smoothly. Let’s begin!
1. Vornado Realty Trust
- Headquarters: New York, United States
- Founder: Steven Roth
- Founded: 1982
- Revenue: $1.80 billion
Vornado is among the largest property management companies in New York. The company has more than 27 million square feet of LEED-certified real estate. Interestingly, they also have 23 million square feet at the LEED Gold level.
Meanwhile, its primary operations include managing residential properties, office buildings, and street-level retail establishments. It also offers building maintenance services via Building Maintenance Services LLC (BMS), a wholly-owned subsidiary.
Beyond that, the company’s dividend yield is 2.74%. The investors would get $2.74 in dividends annually for every $100 they put in the company’s stock. With a payout ratio of 130.61%, Vornado distributes 130.61% of its profits as dividends to shareholders.
2. Goodman Group
- Headquarter: New York
- Founder: Greg Goodman
- Founded: 1989
- Revenue: $804.7 million
Goodman Group is a real estate ownership, development, and management company based in Australia. They also specialize in commercial and industrial properties. This includes corporate and office parks worldwide, warehouses, and significant logistical facilities.
Furthermore, the company is the leading property group listed on the Australian Stock Exchange (ASX). With a focus on logistics, business parks, and distribution centers. Beyond that, it also has a global footprint spanning 14 nations.
Goodman Group, one of the top property management companies in New York, revised its earnings projection to 11% in 2024. It was revised after reporting a 29% increase in interim FY24 profit to $1.127 billion.
3. Extra Space Storage
- Headquarters: Salt Lake City, UT
- Founder: Joseph D. Margolis
- Founded: 1977
- Revenue: $800 Million in March, 2024
Extra Space Storage is the biggest third-party self-storage management company and facility operator. They have almost 3,500 outlets nationwide, 164 million square feet of lettable space, and over 1.5 million apartments.
The self-storage facilities of Extra Space Storage are supported by the company’s excellent security measures and expert property management. For exceptional and sustainability initiatives in 2020-2022, Extra Space Storage was honored with NAREIT’s Leader in the Light Award.
Besides that, they ensure that their consumers have a great experience by offering handy self-storage options. Climate-controlled storage is one of their best features and services for storage. As a result, the company is recognized as one of the trusted property management companies in New York.
4. Halstead Real Estate
- Headquarters: New York, United States
- Founders: Diane Ramirez and Clark Halstead
- Founded: 1984
- Revenue: $600 million in 2024
Halstead Real Estate is one of the leading property management companies in New York. They strive to lead innovation with over 1,300 sales and rental agents spread across retail locations in Manhattan.
Moreover, Halstead’s Development Marketing Company has grown since joining Terra Holdings. The company handles more than 25,000 residential units spread across 250 buildings through its property control as residential property management NYC.
The company’s ownership, agents, and offices are all centered in the community. Consequently, they find neighborhood projects or nonprofit groups that require support and give agents in New York and New Jersey.
5. FirstService Residential
- Headquarter: New York
- Founder: D. Scott Patterson
- Founded: 1989
- Revenue: $496.1 million
FirstService Residential works in collaboration with boards, developers, and owners to improve each resident’s quality of life. Moreover, for every kind of property, their experts provide solutions to foresee demands and act accordingly.
Each year, they oversee more than 8,500 communities with over 1.6 million residential units and manage running budgets totaling over $7 billion. Thus, their large volume of business enables them to bargain for any association’s best yields on operating accounts.
Beyond that, the company’s services offers include technology, combined buying, developer services, banking, insurance, and financial services. They also provide customer care services like other property management companies in New York.
6. Savills North America
- Headquarters: New York, New York, United States
- Founder: Julien J. Studley
- Founded: 1954
- Revenue: $432.5 Million
Savills North America is among the top property management companies in New York. They have 40 locations and more than 1,000 staff members. Besides that, the company offers services for choosing locations, negotiating leases, and managing operations.
Savills also provides experience in commercial property portfolio management, financing, and investment sales. In addition, they support customers in effectively managing real estate projects from conception to completion in residential property management in NYC.
Above all, the company makes workplaces more efficient to raise worker satisfaction and productivity. They also serve the whole New York region and have access to Savills’ global footprint across North America.
7. StorageMart
- Headquarters: Columbia, Missouri, United States
- Founders: Gordon & Mickey Burnam
- Founded: 1999
- Revenue: $27 million
StorageMart offers a range of storage options for companies of all shapes and sizes. They provide 24-hour access on request at multiple locations. In addition, they make it easier for your entire crew to come and go as needed. For your storage unit, they also accept package delivery.
Beyond that, StorageMart offers competitive prices, a range of sizes, and no contract options across several major cities. The company is well-known for its humorous billboards. As a result, it pokes fun at local and federal politicians, the Mets, and the state of Connecticut.
Importantly, the company is associated with Manhattan Mini Storage. They are well-known for their clever and imaginative advertising efforts. By 2030, the self-storage industry is anticipated to expand at a compound annual growth rate (CAGR) of 5.2%.
8. PathStone Corporation
- Headquarters: Rochester, New York
- Founder: Matthew Fleissig
- Founded: 1969
- Revenue: $21.2 Million
PathStone supports farmworkers in both rural and urban settings, fostering family and individual self-sufficiency. PathStone uses advocacy and programming to advance social justice. The company’s five basic human ideals are: (1) moral behavior; (2) peace; (3) truth; (4) love; and (5) nonviolence.
Additionally, they support social and economic fairness in society and are against injustice and prejudice. As the NYC property management, they also acknowledge and uphold the importance of hard effort and self-determination.
Above all, PathStone is one of the property management companies in New York. They will be more than $100 billion in Assets Under Advisement and Administration (AUA). An additional 200 clients, with an average asset value of over $75 million, will receive its services.
9. Gumley Haft
- Headquarters: New York, NY
- Founder: Daniel Wollman
- Founded: 1989
- Revenue: $16.4 Million
Gumley Haft has served as a specialist in property management for apartment complexes in New York. As a specialist in apartment building property management, they assist boards of cooperatives and condominiums in making decisions. Genuinely, they have served cooperative apartments and condominiums for more than 25 years.
Moreover, for over 25 years, the company has also provided services as owners of cooperative apartments and condominiums in New York. Additionally, they manage at least 7,000 residential properties such as other top property management companies in New York.
Gumley Haft also offers the same quality to West Side and East Side households. From the Financial District to Brooklyn, and from Greenwich Village to Gramercy Park, as well as other varied communities across our city.
10. AA Realty Group
- Headquarters: New York, United States
- Founder: Arie Abadi
- Founded: 1987
- Revenue: $6.2 Million
AA Realty Group provides a first-rate approach to property investment and management. The company has built thousands of relationships and received four regional awards. Interestingly, they also owned and managed over 250 apartments, and renovated over 800 residences.
Beyond that, the Group welcomes the idea of “white glove” service, guaranteeing their customers a hands-on, stress-free experience. They service brokerage for both homes and businesses by supplying MA & NH buyers, sellers, and investors.
They also support investments in commercial real estate. Remarkably, they can help you whether you’re looking to buy, rent, or require property management. However, they extend services only to Europe, South Florida, and Greater New York.
Final Thoughts
“We explored property management companies in New York and equipped you with the knowledge to explore the top contenders. By comparing their services, financials, and understanding how the New York City real estate transfer tax may impact your decisions, you can discover companies that align with your specific needs and budget.”
Above all, a great property management company can be the difference between a stressful investment and a smooth-sailing success story.
Having said that, are you ready to find your perfect property management match? Take the first step today and contact the companies that align with your interest. Thanks for reading!
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