What Metro Management Development does

Metro Management Development, Inc. is a privately held real estate management firm founded in 1985 and headquartered at 2001 Marcus Avenue, Suite S262 in Lake Success, New York. The company provides portfolio and on-site management for over 35,000 residential units across New York City and Long Island, serving conventional cooperatives, condominiums, cond-ops, Mitchell-Lama cooperatives, rent-stabilized and luxury residential buildings, affordable and subsidized housing, and senior citizen housing. It also offers ancillary Sales and Development services for properties within its managed portfolio and adjacent markets.

The firm employs 135+ staff including on-site Property Managers, management assistants, and field support personnel, plus a 20-person back-office finance team reporting to a Director of Finance. Operations run on an in-house computerized Property Management software system that produces monthly financial reports comparing building revenues and expenditures against budget with variance alerts. Revenue is generated through recurring management fees from long-tenure client relationships with cooperative boards, condominium associations, and housing entities, and is supplemented by real estate sales and development commissions.

The go-to-market is sales-led and primarily referral-driven, with new client engagement routed through President and working Principal David Baron. The firm was founded in 1985 and has operated continuously under Baron's leadership since 1993, with no disclosed outside investment, parent company, or acquisition activity.

Name

Metro Management Development

Legal name

Metro Management Development, Inc.

Website

https://metromanagementdev.com

Company type

Private

Founded year

1985

Operating status

Operating

Headcount range

51–100 employees

Short description

Metro Management Development is a privately held New York real estate firm that manages over 35,000 residential units across New York City and Long Island, providing portfolio management, financial reporting, sales, and development services to cooperatives, condominiums, and affordable housing clients.

Ownership category

akta.pro rank

Headquarters

HQ city

New Hyde Park

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Property Management Services: Recurring management fees from managing residential properties including cooperatives, condominiums, Mitchell-Lama cooperatives, and rental housing. The company manages over 35,000 apartments across New York City and Long Island.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Metro Management Development provides portfolio and on-site property management, real estate sales, and development services for residential housing in the New York metropolitan area. The firm manages over 35,000 apartments including cooperatives, condominiums, cond-ops, Mitchell-Lama cooperatives, luxury residential, rent-stabilized, affordable, and senior citizen housing. It supports clients through an in-house computerized Property Management software system with advanced monthly financial reporting and budget variance analysis.

Product overview

Metro Management Development is a multifaceted real estate firm offering a unified platform of Property Management, Sales, and Development services. The core offering centers on property management for over 35,000 residential units including Cooperatives, Condominiums, Cond-ops, Mitchell-Lama Cooperatives, Luxury Residential & Rent Stabilized Apartments, Affordable Housing, and Senior Citizen Housing across New York City and Long Island. An integrated Financial Reporting System provides computerized record keeping and advanced monthly financial reporting with variance analysis. The company also offers sales and development services as part of its comprehensive real estate portfolio approach.

Differentiator

Problem solved

Functional benefit

Products and services

• Property Management Portfolio and on-site management of residential properties including cooperatives, condominiums, cond-ops, Mitchell-Lama cooperatives, luxury residential, rent-stabilized apartments, affordable housing, and senior citizen housing across New York City and Long Island. Services include day-to-day operations, financial oversight, maintenance coordination, board liaison, and advanced monthly financial reporting with budget variance analysis.
• Real Estate Sales Real estate sales services for residential properties within the firm's managed portfolio, serving owners and buyers in the metropolitan New York area.
• Real Estate Development Real estate development services for residential properties in the metropolitan New York area, complementing the firm's property management and sales operations.

Quantifiable outcome

• Manages over 35,000 apartments throughout New York City and Long Island
• +1 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Scale indicators3 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• Halstead Management: NYC residential property management arm serving cooperative and condominium boards. Comparable to Metro Management Development in customer base and service offering, with overlap in the metropolitan NYC geography.
• Argo Real Estate: NYC-based residential and commercial property manager serving similar board and owner clients. Comparable to Metro Management Development in geography, service scope, and B2B property management focus.
• Maxwell-Kates: NYC-focused condominium and cooperative property manager serving similar board and association clients in the metropolitan area. Directly comparable in service mix (financial reporting, on-site management, board liaison) and customer type.
• Brown Harris Stevens Residential Management: Affiliated with a major NYC brokerage, this firm manages cooperatives, condominiums, and rental buildings in the metropolitan area. Comparable to Metro Management Development in target customers and luxury/rent-stabilized property focus.
• Orsid Realty: Long-standing NYC residential property manager handling cooperatives, condominiums, and rental properties. Comparable to Metro Management Development in geographic focus, property mix, and service model.
• The Andrews Organization: NYC condominium and cooperative management firm serving similar board clients. Comparable to Metro Management Development in core service offering (on-site and portfolio management, financial reporting) and customer segments.
• Rose Associates: Established NYC residential property manager with portfolio including cooperatives, condominiums, and rental housing. Comparable to Metro Management Development in geography, property types managed, and B2B service delivery to boards and owners.
• Cooper Square Realty: NYC-based residential property manager focused on cooperatives, condominiums, and rental buildings. Comparable in target customers (board clients) and core service delivery model.
• AKAM (Associated Builders and Owners Management): One of the largest residential property managers in the NYC metropolitan area, managing cooperatives, condominiums, and rental buildings. Directly comparable to Metro Management Development in product offering (co-op/condo management) and target customer base, though significantly larger in scale.

Broad incumbents

• FirstService Residential: Largest residential property manager in North America, publicly traded, with a significant NYC presence. Operates broadly in the same space as Metro Management Development but at much greater scale and with a national footprint and broader technology platform.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/metro-management-development

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

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 Metro Management Development