Tahl Propp Equities

What Tahl Propp Equities does

Tahl Propp Equities is a privately held real estate investment, development, and management company headquartered at 445 Park Avenue in Manhattan. Founded in 1913 through predecessor affiliates and co-founded in its current form by Rodney M. Propp (Chairman) and Joseph A. Tahl (President), the firm owns and operates more than 4 million square feet of office, residential, retail, and development properties, principally in Manhattan with one disclosed New Jersey asset (Three Gateway Center in Newark).

The company's portfolio is organized across six property categories: affordable housing (subsidized units across properties such as Morningside Heights, UPACA, Gateway I, and The Carolina), conventional rentals (e.g., 1325 Fifth Avenue, 710 Riverside Drive), condominiums (The Fifth Avenue, Park Lane, Savoy West, and others), commercial buildings (The Hermès Building, 520 and 524 Broadway, Three Gateway Center), development sites (a planned 1,000-unit project at 127-128th Streets & Park Avenue), and select corporate tenancies. The commercial tenant roster includes Hermès, Ralph Lauren, Michael Kors, Gap, UBS, Northern Trust, Barclays, Morgan Stanley, Prudential Financial, WeWork, Scholastic, and Balthazar, providing high-credit recurring rent streams, while the residential portfolio spans thousands of units across affordable and market-rate segments.

The business model combines recurring subscription-style rental income (residential and commercial leases) with transactional condominium sales revenue. Pricing is not publicly disclosed and varies by property, unit, and market conditions, with affordable units subject to subsidy program requirements. The company markets directly through its corporate website and tenant relationships, supported by community outreach in Harlem and earned media coverage. Operating geographies are concentrated in Manhattan with a limited New Jersey presence, and there are no disclosed external institutional investors, parent company, or public listings.

Name

Tahl Propp Equities

Legal name

Tahl Propp Equities

Website

https://tahlpropp.com

Company type

Private

Founded year

1913

Operating status

Operating

Headcount range

1–10 employees

Short description

Tahl Propp Equities is a privately held Manhattan-based real estate investment, development, and management company founded in 1913, operating more than 4 million square feet of affordable housing, conventional rentals, condominiums, and commercial properties, with tenants including Hermès, UBS, Morgan Stanley, and Barclays.

Ownership category

akta.pro rank

Product category

Real Estate Investment and Development

NAICS

Rental and Leasing Services (532), Real Estate Property Managers (53131)

SIC

Real Estate Dealers (For Their Own Account) (6532), Real Estate (6500)

akta.pro primary industry

Real Estate Portfolio & Fund Management (Institutional/REIT/PE) (BPAJAMAJ)

Keywords

• Real estate investment
• Property development
• Affordable housing
• Commercial leasing
• Condominium development

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Others

Revenue model

1. Rental Income - Residential: Rental income from affordable housing units, conventional rentals, and residential condominiums. The company owns and manages thousands of residential units across Manhattan.
2. Commercial Real Estate Leasing: Commercial and retail tenant leasing in office and retail buildings across Manhattan, including prime retail locations attracting luxury brands.
3. Property Development and Sales: Development of new residential properties including condominiums and mixed-use developments. Sale of condominium units upon completion.
4. Condominium Sales: Sale of condominium units including The Fifth Avenue, 710 Riverside, and other luxury residential properties.

Distribution channels3 records

Marketing channels5 records

Core offering

Tahl Propp Equities invests in, develops, and manages Manhattan-focused real estate across affordable housing, conventional rentals, condominiums, commercial buildings, and development sites. The firm leases and sells these properties directly to residential renters, condominium buyers, and corporate/retail commercial tenants, while preserving a sizable affordable housing portfolio.

Product overview

Tahl Propp Equities is a real estate investment, development, and management company operating a portfolio of over 4 million square feet of properties in Manhattan. The company's offerings are organized into six main property categories: Affordable Housing (subsidized residential properties), Conventional Rentals (market-rate residential), Condominiums (owned residential units), Commercial Buildings (retail and office space), Development Sites (planned development projects), and Select Corporate Tenancies (commercial tenant spaces). The company focuses on properties in Manhattan and has a presence in New Jersey with Three Gateway Center in Newark.

Differentiator

Problem solved

Functional benefit

Products and services

• Affordable Housing Subsidized residential rental properties located across Manhattan and operated for low and moderate-income families under affordable housing program requirements.
• Conventional Rentals Market-rate residential rental units leased in Manhattan to conventional renters at addresses including 9-13 Central Park North, 1325 Fifth Avenue, 1330 Fifth Avenue, 710 Riverside Drive, and 305-307 West 150th Street.
• Condominiums Luxury Manhattan condominium properties developed and sold by Tahl Propp, including The Fifth Avenue, No 305 on the Park, 710 Riverside, Central Park Plaza, Park Lane Condominium, Savoy West, Park Central Condominium, The Normandie, Hamilton Court, The Boulevard Condominium, The Strathmore, Park Place Condominium, Park Manhattan Condominium, and 111 Central Park North.
• Commercial Buildings Office and retail commercial buildings leased to corporate and retail tenants, including 524 Broadway, The Hermès Building, 520 Broadway in Manhattan, and Three Gateway Center (579,000 SF) in Newark, NJ, with tenants including Hermès, Ralph Lauren, Michael Kors, Gap Inc., UBS, Northern Trust, Barclays, Morgan Stanley, and Prudential Financial.
• Development Sites Planned real estate development projects held by Tahl Propp, including a planned 1,000-unit development at 127-128th Streets & Park Avenue and 2211 Third Avenue.
• Select Corporate Tenancies Leased corporate tenant spaces across Tahl Propp's commercial portfolio, occupied by tenants including Balthazar, Hermès, Prudential, WeWork, Scholastic, Resy, Viad, Bear Ventures, Belstaff, Built, Club Monaco, Gap, Halstead, HR Block, and Birch.

Named customers13 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators4 records

Recent moves1 record

Expansion highlights4 records

Broad incumbents

• Forest City Realty Trust (Brookfield): Now part of Brookfield, with a major NYC office and residential footprint. Relevant comparable for office leasing, mixed-use development, and large-scale property management; broader and more institutional than Tahl Propp.
• Related Companies: One of the largest US developers of affordable, mixed-income and luxury housing, with deep NYC presence including Hudson Yards. Overlap with Tahl Propp on affordable housing preservation and Manhattan residential development, though at much larger scale.

Direct peers

• SL Green Realty Corp. Largest Manhattan office landlord and a direct competitor for the same Class A office tenants and trophy assets. Highly relevant comparable for office leasing economics, cap rates, and tenant retention dynamics.
• Two Trees Management Co. Brooklyn-based but active NYC developer and owner-operator of residential and mixed-use properties. Comparable as a family-owned developer with active development pipeline and residential-for-sale exposure.
• Stellar Management: NYC-focused residential and affordable housing operator with a large regulated and market-rate portfolio. Comparable to Tahl Propp's affordable housing and conventional rental business lines.
• Vornado Realty Trust: Public Manhattan-focused REIT that owns and operates premier office and retail properties in the same submarket. Comparable in tenant profile (financial services, luxury retail) and asset quality, though structured as a REIT rather than private.
• Rudin Management Company: Family-owned NYC real estate operator with a comparable mix of Manhattan office, residential and managed commercial space. Closest structural analog as a multi-generational, privately-held owner-operator.
• Glenwood Management Corp. Manhattan residential landlord operating market-rate and luxury rental properties. Comparable in conventional rental and condominium exposure within the same geography.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/tahlpropp
• LinkedInlinkedin.com/company/tahl-propp-equities

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 Tahl Propp Equities