What Matthew Adam Properties does

Matthew Adam Properties is a privately held, New York City-focused residential property management firm founded in 2003 by Ira Meister. The company delivers full-service property management to residential cooperatives, condominiums, and select institutional owners (foreign governments, medical institutions, universities) across the five boroughs, managing more than 100 buildings and roughly 40,000 residents from its headquarters at 375 Pearl Street in Lower Manhattan. Its core technology is the proprietary Strategic Management Program, a disciplined business methodology applying sound business principles to property objectives with documented performance measures and capital planning horizons, layered with the Green Management Program (eliminating toxic chemicals, adding water recovery and geothermal) and the Energy Plus Program (procurement-driven mechanical efficiency audits) as distinct add-on modules.

The firm's service catalog spans financial management (monthly reporting, collections, budgeting, insurance review), property services (legal advice via an on-staff attorney, capital improvement planning, 24/7 emergency response, compliance with NYC Local Laws 97/11/152), and a ClickPay-powered online payment platform for residents. Brokerage services are delivered through a strategic alliance with Sotheby's International Realty, enabling integrated buy/sell/lease services for residents of managed buildings. Pricing is custom and contract-based, quoted case-by-case depending on building size, unit count, and service scope, with multi-year engagements typical for board-managed properties.

Go-to-market is a consultative, sales-led B2B model targeting board-elected leadership of co-ops and condos, supported by thought leadership content in trade publications (Mann Report, Habitat Magazine) and Ira Meister's role on the NY Real Estate Board's Residential Management Committee. The firm derives revenue almost entirely from managed-services fees plus ancillary project and referral revenue, operates with no disclosed funding history, no parent company, and is concentrated exclusively in the New York City market.

Name

Matthew Adam Properties

Legal name

Matthew Adam Properties, Inc.

Website

https://matthewadam.com

Company type

Private

Founded year

2003

Operating status

Operating

Headcount range

1–10 employees

Short description

Matthew Adam Properties is a privately held NYC residential property management firm serving 100+ cooperatives and condominiums across the five boroughs, with roughly 40,000 residents under management via its proprietary Strategic Management Program and a Sotheby's-affiliated brokerage arm.

Ownership category

akta.pro rank

Product category

Residential Property Management

NAICS

Real Estate Property Managers (53131)

SIC

Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Property Management Advisory & Leasing Administration (FSAEAJAN)

akta.pro secondary industry

New Development / Declarant Transition Management (BPAJAHAK)

Keywords

• Residential property management
• Cooperative management services
• Condominium management services
• Building management firm
• Strategic property management

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, Marketing or Sales, Others

Revenue model

1. Property Management Services: Professional residential property management services for co-ops and condominiums in NYC. Services include asset management, financial services, legal advice, capital improvements planning, emergency response, and compliance management. Revenue generated through management fees based on property size and scope of services.
2. Brokerage Services: Sales and rental services provided through strategic alliance with Sotheby's International Realty for managed properties. The company facilitates transactions for residents of buildings they manage.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Matthew Adam Properties is a New York City residential property management firm that provides full-service management for cooperatives, condominiums, and institutional residential properties. The company's core offering is built around a proprietary Strategic Management program that integrates financial services (budgeting, collections, reporting), property services (legal advice, compliance, capital improvements planning, 24/7 emergency response), and add-on programs (Green Management, Energy Plus). It also delivers residential brokerage services through a strategic alliance with Sotheby's International Realty.

Product overview

Matthew Adam Properties is a New York City-focused residential property management company offering a unified suite of services built around its proprietary Strategic Management Program. The core offering combines Financial Services (budgeting, reporting, collections) and Property Services (maintenance, legal, compliance, emergency response). Add-on modules include the Green Management Program for eco-friendly operations, Energy Plus Program for cost reduction, and an Online Payment Center for resident convenience. Brokerage services are delivered through a partnership with Sotheby's International Realty. The company manages over 100 buildings serving 40,000+ residents.

Differentiator

Problem solved

Functional benefit

Products and services

• Strategic Management Program Foundational management methodology that adapts sound business principles with objectives and a timetable to measure performance and property improvements, addressing both short-term and long-term requirements for residential boards.
• Financial Services Comprehensive financial management including monthly reporting (collections, disbursements, payables, shareholder accounts, payroll, cash journal, budget comparisons), collection of monthly charges, budgeting, and insurance coverage review for co-op and condo boards.
• Property Services Multi-faceted property services including legal advice, bulk purchasing power, government compliance, transfer/sales department, capital improvements planning, and rapid 24/7 emergency response.
• Green Management Program Comprehensive environmental initiative that eliminates toxic chemicals, reduces carbon emissions, and saves money while protecting resident health. Includes water recovery systems, geothermal installations, and non-toxic cleaning products.
• Energy Plus Program Energy cost reduction program combining informed purchasing practices with mechanical system knowledge, including in-depth surveys of fuel, water, and electricity consumption to determine mechanical inefficiencies and identify government grant/tax savings.
• Online Payment Center Digital payment platform powered by ClickPay enabling residents to make monthly payments online, view payment history, and set up automatic recurring payments; ACH payments are free while debit/credit card payments incur fees.
• Residential Brokerage Services Sales and rental services provided through strategic alliance with Sotheby's International Realty, offering comprehensive real estate brokerage services to residents of managed properties.

Quantifiable outcome

• Reduced energy costs through Energy Plus Program
• +2 more outcomes

Named customers5 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature3 records

Partnerships

Two partnerships are on record, tiered core and supporting.

• Sotheby's International RealtycoreStrategic or Co-development PartnerStrategic alliance providing comprehensive sales and rental services to residents of managed properties. Sotheby's International Realty works alongside Matthew Adam Properties' asset managers, offering expertise and knowledge of individual properties. This partnership enables the company to offer full-service brokerage alongside property management, creating a comprehensive service offering for residents looking to buy, sell, or rent within their managed portfolio.
• ClickPaysupportingTechnology or IntegrationPartnership with ClickPay provides secure online payment processing for residents to make monthly payments. Residents can make one-time payments or set up recurring payments through the ClickPay platform. Electronic check (ACH) payments have no charge, while debit/credit card payments are subject to fees. This integration provides convenience for residents and improves collection efficiency for the company.

Scale indicators4 records

Recent moves6 records

Expansion highlights3 records

Broad incumbents

• FirstService Residential: One of the largest residential property management companies in North America, managing thousands of properties including a significant NYC high-rise and condo portfolio. Directly comparable to Matthew Adam in target customer (residential boards) and service scope, but vastly larger scale and broader geographic reach.
• Sotheby's International Realty: Matthew Adam's strategic brokerage partner and a global luxury residential real estate brand. Comparable in NYC residential market focus and offers adjacent brokerage services that complement the management offering.
• Greystar: Global leader in rental housing property management, development, and investment, with growing multifamily and condo operations in NYC. Comparable in property management services but operates at much greater scale and is multifamily-rental focused.
• The Corcoran Group: Prominent NYC-focused residential real estate brokerage with a long track record in Manhattan co-op and condo sales. Comparable NYC market focus and resident customer overlap, though primarily a brokerage rather than manager.
• Compass: Tech-forward residential real estate platform with deep NYC brokerage presence. Overlaps with Matthew Adam's Sotheby's-driven brokerage arm in target customers (NYC co-op/condo residents) and market.

Direct peers

• Rose Associates: Long-standing NYC-focused property management and development firm managing residential, mixed-use, and affordable housing properties. Highly comparable to Matthew Adam given overlapping NYC co-op/condo client base and full-service management approach.
• AKAM Associates: NYC-headquartered residential property management firm with a large portfolio of cooperatives, condominiums, and rental buildings. Closely comparable to Matthew Adam in geography, customer segments (co-ops/condos), and service offering.
• Halstead Management: NYC-based residential real estate and management services firm serving co-ops, condos, and townhouses in Manhattan, Brooklyn, and surrounding boroughs. Comparable client base and full-service residential management offering.
• Brown Harris Stevens: Established NYC residential real estate firm offering both brokerage and management services for cooperatives, condominiums, and townhouses. Comparable in customer profile and NYC-centric service portfolio.

Others

• Newmark Knight Frank: Global commercial real estate services firm that also handles property management and advisory across asset classes. Comparable in providing integrated real estate services to NYC owners, though primarily commercial and capital-markets focused.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance1 record

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 Matthew Adam Properties