Himmel + Meringoff Properties

What Himmel + Meringoff Properties does

Himmel + Meringoff Properties, operating as Meringoff Properties, Inc. (MPI), is a privately-held commercial real estate firm founded approximately 50 years ago and headquartered at 30 West 26th Street in New York City. The company provides vertically-integrated property and asset management services to owners of premier commercial office properties across Manhattan and the greater New York metropolitan area, managing 14 properties totaling approximately 2.5 million square feet.

MPI's service platform spans five integrated disciplines: leasing services (in-house team with deep broker relationships), property management (day-to-day building operations, maintenance, vendor and tenant relations), asset management (long-term ownership-mindset portfolio optimization), construction management (tenant build-outs and capital projects), and financial reporting (transparent owner reporting with rigorous controls). The platform is delivered to commercial property owners as a single accountable team, eliminating coordination friction between leasing, operations, construction, and finance functions.

The firm's technology layer includes two AI-powered chat agents — Chelsea for leasing inquiries and Joan for tenant services — both available around the clock to capture and qualify inbound interest, schedule tours, and handle maintenance or tenancy requests. Revenue is generated through management fees on assets under management, leasing commissions on completed transactions, construction management fees on build-outs and capital projects, and asset management fees. Pricing is not publicly disclosed and is negotiated on a per-property or percentage-of-revenue basis. The firm maintains a small headcount of 11–50 employees and operates as a privately held corporation with no public listing or disclosed funding.

Name

Himmel + Meringoff Properties

Legal name

Meringoff Properties, Inc.

Website

https://merprop.com

Company type

Private

Founded year

1970

Operating status

Operating

Headcount range

11–50 employees

Short description

Himmel + Meringoff Properties (MPI) is a New York City-based commercial real estate firm that provides vertically-integrated property, leasing, construction, and asset management services to owners of 14 premier office properties totaling 2.5 million square feet across the NYC metropolitan area.

Ownership category

akta.pro rank

Product category

Commercial Property Management

NAICS

Portfolio Management and Investment Advice (523940)

SIC

Investors, Nec (6799)

akta.pro primary industry

Real Estate Public-Private Partnership (PPP) & Infrastructure-Adjacent Real Estate Advisory (BPAJANAL)

Keywords

• Commercial property management
• Asset management services
• Commercial leasing services
• Construction management
• Commercial real estate

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Technology or R&D

Revenue model

1. Property Management Services: Day-to-day building operations, maintenance, vendor management, and tenant relations services provided to property owners. Revenue generated through management fees based on assets under management.
2. Leasing Services: In-house leasing team maximizes occupancy and rental performance across managed assets. Revenue generated through leasing commissions on completed transactions.
3. Construction Management: Construction management team handles tenant build-outs and major capital projects. Revenue generated through construction management fees.
4. Asset Management: Long-term ownership mindset asset management optimizing occupancy, capital deployment, and building performance across managed assets.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

MPI is a vertically-integrated commercial property and asset management company that manages a 2.5 million square foot portfolio of 14 premier office properties across Manhattan and the greater New York metropolitan area. Its core offerings include leasing, day-to-day property management, asset management, construction management, and financial reporting delivered under a single accountable team for commercial property owners.

Product overview

MPI operates as a vertically-integrated, technology-powered property and asset management platform. The core offering consists of five integrated service modules: Leasing Services, Property Management Services, Asset Management Services, Construction Management Services, and Financial Reporting Services. Every discipline works in concert, giving owners a single accountable team and tenants a seamless experience.

Differentiator

Problem solved

Functional benefit

Products and services

• Leasing Services

Quantifiable outcome

• 2.5 million square feet managed across 14 properties in NYC

Segments3 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability2 records

Feature2 records

Scale indicators4 records

Recent moves3 records

Expansion highlights3 records

Broad incumbents

• Brookfield Properties: Brookfield Properties owns and operates premier office buildings in NYC and major markets globally, with integrated leasing and asset management functions. Its NYC portfolio competes for the same institutional owner and tenant relationships as MPI's managed buildings.
• Vornado Realty Trust: Vornado is a major NYC-focused office and retail REIT with a portfolio concentrated in Manhattan trophy assets. Its in-house asset and property management platform overlaps directly with MPI's service stack, though at a much larger public-company scale.
• Cushman & Wakefield: Cushman & Wakefield is a major global commercial real estate services firm with property management and leasing capabilities for NYC office owners. It competes for owner mandates but as a broad incumbent rather than a vertically-specialized NYC operator.
• SL Green Realty Corp: SL Green is the largest publicly traded office landlord in Manhattan, owning and managing premier office properties across NYC. It competes with MPI for institutional ownership and management mandates in the same submarket, but operates at vastly larger scale and as a public REIT.
• Newmark Group: Newmark is a global commercial real estate services firm offering leasing, property management, investment sales, and capital markets. MPI competes with its property management arm for owner mandates in the NYC metro, though Newmark operates much more broadly as a public services platform.
• CBRE Group: CBRE is the world's largest commercial real estate services firm with full-service property and asset management offerings for institutional NYC office owners. It serves as a broader incumbent alternative to MPI's boutique vertically-integrated model.
• JLL: JLL is a global real estate services firm offering property management, leasing, and asset management to commercial owners. Its NYC office practice competes for the same institutional owner mandates MPI targets, though as part of a much broader global platform.

Direct peers

• Tishman Speyer: Tishman Speyer is a global owner, developer, and operator of premier office properties with deep NYC roots. Like MPI, it combines ownership, leasing, property management, and construction capabilities under one roof for Manhattan trophy assets, making it a directly comparable owner-operator in the same NYC commercial office niche.
• RXR Realty: RXR is a New York-based owner, operator, and developer of commercial office, multifamily, and mixed-use properties. It shares MPI's vertical integration model and NYC-centric focus, representing a directly comparable mid-sized owner-operator peer.
• Colliers International: Colliers offers property management, leasing, and project management services for commercial property owners, including a strong NYC office presence. It is directly comparable to MPI as a competing third-party manager of institutional office assets in the same metropolitan market.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/meringoff-properties

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Himmel + Meringoff Properties