Lemle & Wolff

What Lemle & Wolff does

Lemle & Wolff is a privately held, full-service real estate firm headquartered in the Bronx, New York, that specializes in the development, construction, and property management of affordable and mixed-income housing in New York City. Founded in 1938 as a real estate management business in upper Manhattan, the company broadened into development and construction in the late 1970s and operates today through three integrated wholly owned subsidiaries — Lemle & Wolff Development Company LLC (property acquisition, development team assembly, and financing arrangement), Lemle & Wolff Construction Corp., or LWCC, founded in 1981 (general contracting for multifamily renovations and new construction), and Lemle & Wolff, Inc. (property management) — supplemented by an Alltype Maintenance Company subsidiary that delivers in-house building services across more than 270 properties.

The company manages over 6,000 residential units across Manhattan, Brooklyn, and the Bronx, and has developed, preserved, or turned around thousands of affordable apartments. Notable development projects include the Quadrant Properties portfolio (45 buildings, 1,240 units, $96.5 million total development cost), Soundview Housing Projects (222 units, $95 million total development cost) developed with L&M Development Partners and CPC Resources, Plover Apartments ($27.5 million), Hoewood Point ($19 million), Aurea Development ($21 million), Central Harlem Limited Equity Cooperative ($20 million), Academy Street Preservation (2013), and Tree of Life in Jamaica (174 units built to Passive House standards). Technical capabilities span Insulated Concrete Forms (ICF) construction, solar thermal hot-water systems, Passive House-standard development, and Yardi-based property management. The firm serves as a pre-qualified NYCHA PACT partner and routinely executes HPD, HDC, LIHTC, and Third Party Transfer program work.

Lemle & Wolff earns revenue from three streams: recurring property management fees and rental income across its 6,000+ unit portfolio (a mix of owned and third-party-owned buildings), transaction-based development fees from assembling financing and development teams for affordable housing projects, and professional services revenue from general contracting work performed by LWCC for both internal and external clients, including nonprofit developers such as Urban Pathways. Its customer base spans government agencies (HPD, HDC, NYCHA), institutional financial partners (Wells Fargo, JPMorgan Chase, Capital One, Bank of New York, Enterprise Community Partners, Hudson Housing Capital), nonprofit co-development partners (South Bronx Community Management Company, CPC Resources, L&M Development Partners, Urban Homesteading Assistance Board), supportive-housing operators, and individual tenants placed through the NYC housing lottery system.

Name

Lemle & Wolff

Legal name

The Lemle & Wolff Companies

Website

https://lemlewolff.com

Company type

Private

Founded year

1938

Operating status

Operating

Headcount range

101–250 employees

Short description

Founded in 1938 and headquartered in the Bronx, Lemle & Wolff is a privately held real estate firm that develops, constructs, and manages affordable housing across New York City, overseeing more than 6,000 residential units through three integrated subsidiaries.

Ownership category

akta.pro rank

NAICS

Residential Property Managers (531311), New Multifamily Housing Construction (except For-Sale Builders) (236116), Residential Remodelers (236118), Real Estate Property Managers (53131)

SIC

General Bldg Contractors - Residential Bldgs (1520), Operative Builders (1531), Operators Of Apartment Buildings (6513), Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Residential Affordable Housing Development & Construction (IMAFABAI)

akta.pro secondary industries

Affordable & Subsidized Housing Property Management (LIHTC, Section 8) (BPAJAFAD), Multi-Family Residential Construction (Apartments, Condos, Townhomes) (IMAFABAB), Senior & Assisted Living Residential Property Management (BPAJAFAE)

Keywords

• Affordable housing development
• Multifamily construction
• Property management services
• Housing preservation
• Residential development

Headquarters

HQ city

Bronx

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Supply Chain, Operations, Marketing or Sales, Infrastructure, Others

Revenue model

1. Property Management Services: Lemle & Wolff, Inc. is the property management business that manages property for its own portfolio and for nonprofit or for-profit building owners. The company manages over 6,000 units across New York City, providing rental income from residential units.
2. General Contracting Services: Lemle & Wolff Construction Corp. (LWCC) is the general contracting company with a track record of successfully completing multifamily renovations and new construction projects. LWCC contracts with outside clients in addition to working on Lemle & Wolff's own projects.
3. Development Fees: Through Lemle & Wolff Development Company LLC, the firm acquires property, assembles and manages development teams, and arranges financing for new projects, generating development fees and equity returns.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

Core offering

Lemle & Wolff develops, constructs, and manages affordable and multifamily residential housing in the New York City market. Operating through three core subsidiaries — Development Company LLC, Construction Corp., and Property Management — plus an Alltype Maintenance arm, the firm delivers end-to-end real estate services including ground-up affordable housing development, general contracting, housing preservation and restoration, and long-term residential property management across the Bronx, Manhattan, and Brooklyn.

Product overview

Lemle & Wolff Companies is a full-service real estate firm specializing in the development, construction, and management of high-quality affordable housing in New York City. The company operates through three integrated divisions: Lemle & Wolff Development Company LLC handles property acquisition, development team assembly, and financing arrangement; Lemle & Wolff Construction Corp. (LWCC) serves as the general contracting arm for multifamily renovations and new construction; and Lemle & Wolff Property Management manages over 6,000 residential units across Manhattan, Brooklyn, and the Bronx. The company also maintains an Alltype Maintenance Company subsidiary for building maintenance services. The portfolio includes various project types such as market-rate housing, supportive housing for vulnerable populations, senior housing, limited equity cooperatives, and preservation of distressed properties, with financing through programs including HPD, HDC, LIHTC, and NYCHA PACT.

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

• Turned around 3,000+ distressed housing units
• +2 more outcomes

Named customers3 records

Segments6 records

Ideal customer profiles3 records

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Eight partnerships are on record, tiered minor and core.

• Northern Manhattan Improvement CorporationminorStrategic or Co-development Partner · 1 January 2013Non-profit partner providing additional assistance through the New York State Weatherization Assistance Program for Academy Street Preservation Project.
• South Bronx Community Management CompanycoreStrategic or Co-development Partner · 1 January 2012Joint venture partner for Hoewood Point project (80-unit Bronx preservation). Lemle & Wolff acquired buildings under joint venture agreement with this non-profit.
• South Bronx Community Management CompanycoreStrategic or Co-development Partner · 1 January 2011Joint venture partner with Lemle & Wolff for the Quadrant Properties project to rescue a distressed portfolio of 45 buildings in the South Bronx. Lemle & Wolff began managing the portfolio in 2008 and took ownership in 2011.
• CPC Resources, Inc.coreStrategic or Co-development PartnerDevelopment partner for Soundview Housing Projects Phases I & II in partnership with L&M Development Partners and New York City Housing Partnership Development Corporation.
• L&M Development PartnerscoreStrategic or Co-development PartnerJoint venture partner for Soundview Housing Projects Phase III (homeownership component) and Phases I & II.
• New York City Housing Partnership Development CorporationcoreStrategic or Co-development PartnerDevelopment partner for Soundview Family and Senior housing projects under NYCHA and HPD RFP.
• Urban Pathways Inc.coreImplementation/ SI/ Consulting PartnerClient for whom Lemle & Wolff serves as general contractor for supportive housing projects including a 10-story, 86-unit building in the Bronx and a 43-unit supportive housing residence.
• Urban Homesteading Assistance BoardminorStrategic or Co-development PartnerPartner helping to train residents in cooperative homeownership and operation of resident-controlled HDFC for Central Harlem project.

Scale indicators12 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• SKA Marin: NYC-based affordable housing developer with a deep Bronx and Manhattan portfolio comparable to L&W's geographic concentration. Competes for similar HPD/HDC-financed multifamily assignments.
• Breaking Ground: NYC nonprofit that develops and operates permanent supportive housing for formerly homeless and vulnerable populations. Direct peer in the supportive housing niche, including the same financing programs (HPD/HDC LIHTC) Lemle & Wolff deploys.
• The NHP Foundation: NYC-focused nonprofit that develops, owns, and manages affordable and supportive housing. Direct peer competing in the same HPD/HDC/LIHTC-financed development pipeline and operating similar mixed-income and supportive housing portfolios.
• Jonathan Rose Companies: Mission-driven real estate investment and development firm focused on affordable and green multifamily housing. Direct peer in affordable development and acquisition-rehabilitation of multifamily portfolios.
• WinnCompanies: National affordable and market-rate housing developer and property manager with significant NYC presence. Competes for the same affordable housing management assignments and PACT/TPT programs while offering broader geographic and operational scale.
• L&M Development Partners: One of NYC's largest affordable and mixed-income housing developers. Direct peer — Lemle & Wolff has actively co-developed projects with L&M (e.g., Soundview Housing Phases I-III), and the two compete for the same HPD, HDC, and NYCHA PACT RFPs.
• Douglaston Development: NYC-based developer specializing in affordable and mixed-income housing, including supportive and senior housing. Direct peer competing in the same HPD/HDC/NYCHA RFP environment and operating similar multifamily portfolios.
• CPC Resources: NYC affordable housing nonprofit developer active in the Bronx and Manhattan, and a JV partner with Lemle & Wolff on Soundview Housing. Direct peer pursuing the same HPD and NYCHA RFPs and operating similar multifamily affordable portfolios.
• Phipps Houses: NYC-based nonprofit affordable housing developer and manager with a comparable integrated development-construction-management model. Competes directly for HPD and HDC affordable housing assignments and operates similar supportive and senior housing programs.

Emerging players

• NYC Housing Partnership Development Corporation: Nonprofit co-developer with L&W on Soundview Family and Senior housing. Operates in the same NYC affordable housing ecosystem under HPD/NYCHA programs, but functions primarily as a facilitator/partner rather than a vertically integrated developer-manager.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/lemle-wolff-companies

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries4 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 Lemle & Wolff