Highly Regarded Property Management Company

New York, NY
New York County

Asking Price: Annual Revenue:
$1,100,000 $600,000

Services: Real Estate

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RE: Highly Regarded Property Management Company Broker: Raj Sheth
License #: 516-749-1756

Quick Facts

Asking Price: $1,100,000
Annual Revenue: $600,000
Net Profit: Not Disclosed
Cash Flow: $300,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1982
Employees: Not Disclosed
BBN Listing #: 616226891
Broker Reference #: Not Disclosed

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Business Overview:

Outstanding opportunity to purchase well-established and reputable full-service residential property management firm in NYC. The company is held in high esteem by boards, residents and building owners alike and is a staple in the greater NY residential marketplace, having managed over 300 local buildings in its 37-year history.

It is ranked in the top 5 all-time among residential management firms, and renowned for its expertise in all phases of coop/condo and rental building management. Its functions include collections to reporting/budgeting to maintenance/repairs to dealing with complaints and communicating with board members and owners. Ownership’s commitment to providing each client unparalleled personal attention ensures the delivery of an intimate boutique agency feel in spite of the company’s size and stature.

Strong, qualified leadership fosters a spirited, team approach resulting in more favorable outcomes for building owners. Leveraging a skilled back office to maximize clients’ financial returns, and in turn, customer satisfaction, the firm is often rewarded with preferential treatment on upcoming sales and rental opportunities. In fact, current owners identify further development of brokerage end of the business (sales and rentals), insurance, construction, and construction management as the quickest way to scale. High morale employees, good web presence, online payment platform, and the transparent owner will facilitate the transition for new owners.

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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