Orsid New York

What Orsid New York does

Orsid New York is a full-service property management firm founded in 1955 by Albert Etingin and headquartered at 156 West 56th Street in Manhattan. The company manages more than 31,000 cooperative, condominium, and rental units across 260+ high-rise residential buildings throughout New York City, serving three primary constituencies: residents, board members, and buyers/brokers. Orsid remains family-owned in its fourth generation, with founder great-grandson Aaron Davidowitz joining the executive team in 2021 alongside President Neil Davidowitz (since 1986) and CFO Andre Kaplan (since 2001).

The company's core offering is bundled managed services spanning financial management and planning, facilities enhancement and maintenance, staffing and personnel management, regulatory compliance, risk management and insurance, apartment alterations oversight, and sales/transfer/closing administration. Supporting sub-products include property asset management for institutional owners, a licensed brokerage for marketing and rentals, and advisory services. Technology is delivered through a stack of third-party platforms rather than proprietary systems: BuildingLink powers resident communications and maintenance requests; Domecile processes sale, refinance, transfer, and lease applications; AvidXChange handles paperless invoice approval; SmartVault provides board document access; and ClickPay enables resident electronic payments. These are consolidated into a 'Board Member Dashboard' portal as the primary digital touchpoint for client decision makers.

Commercially, Orsid operates a sales-led, relationship-driven go-to-market targeting co-op and condo boards, property owners, and institutional clients within NYC. Pricing is quote-based and not publicly disclosed; billing is monthly. The company invests in thought leadership through the quarterly Orsid Digest newsletter, YouTube educational webinars, LinkedIn and Instagram presence, and PR placements in The New York Times, New York Magazine, and Habitat Magazine. There is no external investment, no public listing, and no disclosed M&A activity. Revenue figures are not publicly available.

Name

Orsid New York

Legal name

Orsid New York

Website

https://orsidny.com

Company type

Private

Founded year

1955

Operating status

Operating

Headcount range

101–250 employees

Short description

Orsid New York is a family-owned, fourth-generation property management firm managing over 31,000 co-op, condo, and rental units across 260+ high-rise residential buildings in New York City. Founded in 1955, the company delivers full-service managed solutions to boards, residents, and institutional owners.

Ownership category

akta.pro rank

Product category

Residential Property Management

NAICS

Services to Buildings and Dwellings (5617)

SIC

Operators Of Apartment Buildings (6513)

akta.pro primary industry

Multifamily Apartment Property Management (BPAJAFAA)

akta.pro secondary industry

HOA / Condominium Association Management (BPAJAFAH)

Keywords

• Residential property management
• Cooperative building management
• Condominium management services
• Building facilities management
• Real estate asset 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, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Property Management Services: Orsid generates revenue through property management fees for managing cooperative, condominium, and multi-family residential buildings across New York City. Services include financial management, facilities management, staffing, compliance, risk management, apartment alterations, and sales/transfer processing.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels7 records

Core offering

Orsid New York provides full-service residential property management for cooperative, condominium, and multi-family high-rise buildings across New York City, managing over 31,000 units across 260+ buildings. Its offering spans financial management and reporting, facilities maintenance and capital projects, staffing, regulatory compliance, risk management and insurance, apartment alterations oversight, and application processing for sales, transfers, leases, and refinancings, supplemented by licensed brokerage and advisory services.

Product overview

Orsid New York is a full-service property management company offering a comprehensive suite of services for co-ops, condos, and multi-family homes in New York City. The company manages over 31,000 cooperative, condominium and rental units across 260+ buildings. Their core Property Management service is supported by integrated sub-products including Financial Management, Facilities Management, Staffing, Compliance, Risk Management, Apartment Alterations, Apartment Sales/Transfers/Closings, Project Management, Property Asset Management, Marketing & Sales (Brokerage), and Advisory Services. The company also provides access to third-party platforms including Domecile for applications, BuildingLink for building communications, AvidXChange for invoice approval, and SmartVault for financial document management.

Differentiator

Problem solved

Functional benefit

Products and services

• Property Management

Quantifiable outcome

• 31,000+ units and 260+ buildings managed across New York City

Named customers1 record

Segments4 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

Partnerships

Six partnerships are on record, tiered core and supporting.

• DomecilecoreTechnology or IntegrationDomecile is used for processing sale, refinance, transfer, lease and sublease applications electronically. Provides online application portal for buyers, sellers, and renters in Orsid-managed buildings.
• BuildingLinkcoreTechnology or IntegrationBuilding management web portal providing communications, maintenance requests, building updates, and delivery tracking for Orsid-managed buildings.
• AvidXChangesupportingTechnology or IntegrationPaperless invoice approval system used by Orsid for managing vendor invoices and approvals across their managed portfolio.
• SmartVaultsupportingTechnology or IntegrationDocument management platform providing access to monthly management statements, paid bills, and bank statements for board members.
• ClickPaysupportingTechnology or IntegrationOnline payment processing platform enabling residents to make electronic payments for sales, transfer, alterations, and other fees.
• Habitat MagazinesupportingGTM or Marketing PartnerIndustry publication featuring podcasts and articles with Orsid executives on topics including building assessments, governing documents, and budget management.

Scale indicators6 records

Recent moves6 records

Expansion highlights3 records

Direct peers

• The Andrews Organization: Long-established NYC property management firm serving co-op, condo, and multi-family buildings. Comparable boutique-to-mid-market positioning, with similar service suite and board governance support.
• FirstService Residential: One of the largest residential property management firms in North America, providing full-service management for condos, co-ops, and HOAs with similar service breadth to Orsid (financial, facilities, compliance). Directly competitive for the same NYC co-op/condo board mandates.
• AKAM Living: NYC-focused residential property manager serving cooperatives, condominiums, and rental buildings. Operates a comparable full-service model and historically competes head-to-head with Orsid for Manhattan board engagements.
• Halstead Management (Corcoran): Residential property management subsidiary of a major NYC brokerage, managing co-op, condo, and rental buildings in the five boroughs. Competes with Orsid for mid- to high-rise residential board mandates.
• Brown Harris Stevens Residential Management: NYC luxury residential property manager affiliated with the Brown Harris Stevens brokerage. Serves co-op and condo boards in Manhattan with full-service offerings directly comparable to Orsid's portfolio.
• Rose Associates: Family-owned NYC property management and development firm managing a large portfolio of residential buildings across Manhattan. Mirrors Orsid's family-led, multi-generational approach and targets the same co-op/condo client base.
• Douglas Elliman Property Management: NYC-based property management arm of one of the largest residential brokerages, offering full-service management and ancillary services across co-op, condo, and rental portfolios overlapping with Orsid's service lines.

Broad incumbents

• Cushman & Wakefield (Residential Services): Global commercial real estate services firm with a residential management arm; broader portfolio and institutional scale provide bundling advantages, though NYC residential is one segment among many commercial lines.
• JLL Residential Management: Global real estate services platform extending into residential management. Larger scale and cross-sell capability differentiate it from Orsid, though it competes for the same higher-end NYC residential mandates as a broader incumbent rather than a residential pure-play.

Others

• BuildingLink: Technology partner already used by Orsid for resident communications and maintenance. Adjacent ecosystem participant: competing managers and buildings rely on the same platform, making it an enabling technology rather than a direct competitor.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/playlist?list=PLLsh-Qui781I3Uj-XmizOP3S_CSvhixkJ
• LinkedInlinkedin.com/company/orsidnewyork
• Instagraminstagram.com/orsidnewyork

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 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 Orsid New York