Parkchester South Condominium

Name

Parkchester South Condominium

Legal name

Parkchester South Condominium, Inc.

Website

https://parkchestersouth.com

Company type

Private

Founded year

1940

Operating status

Operating

Headcount range

1–10 employees

Ownership category

akta.pro rank

Product category

Residential Condominium Management

SIC

Services-To Dwellings & Other Buildings (7340), Operators Of Apartment Buildings (6513)

akta.pro primary industry

Condominium Association Management (BPAJAHAA)

akta.pro secondary industry

HOA / Condominium Association Management (BPAJAFAH)

Keywords

• Condominium association
• Residential property management
• Building maintenance services
• Facility management
• Common charge administration

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Supply Chain, Others

Revenue model

1. Common Charge Payments: Monthly common charges paid by unit owners for maintenance of common elements, facilities management, and community services. Payment options include check/money order by mail or online payments through Bank of America-affiliated platform.

Distribution channels3 records

Marketing channels4 records

Core offering

Parkchester South Condominium is a not-for-profit condominium association that manages approximately 8,000 residential apartments across the east, west, and south quadrants of the Parkchester complex in the Bronx, New York. It provides unit owners with building security access control, facility maintenance and repairs, district steam heating and hot water service, common-area upkeep, common charge billing and payment processing, and community recreation programs. The organization also coordinates resident communications through newsletters, webinars, and community events.

Product overview

Parkchester South Condominium is a not-for-profit residential condominium association that manages approximately 8,000 apartments across the east, west, and south quadrants of the Parkchester complex in the Bronx, New York. The organization operates as a single unified entity offering a portfolio of residential management services including a Common Charge Payment System (for billing and online payments), a Residential Building Security Access Key System (electronic security access control), Facility Services (maintenance, repairs, and utilities including a metropolitan-area significant steam plant), Recreation Programs (community events, youth programming, and sponsored club memberships), and resident communications through newsletters and webinars. These services are coordinated through a DotNetNuke-based website with third-party payment processing via Paybill.com and Bank of America.

Differentiator

Problem solved

Functional benefit

Products and services

• Condominium Management Services Administrative oversight of nearly 8,000 apartments in the east, west and south quadrants of the Parkchester complex, providing not-for-profit governance, maintenance coordination, and community services to residential unit owners.
• Common Charge Payment System Online and offline billing and payment processing for monthly common charges paid by unit owners, supporting check or money order mailed payments and ACH payments through the Bank of America-affiliated Paybill.com platform with one-time or recurring payment options.
• Residential Building Security Access Key System Electronic key fob access control system with controllers, sub-controllers, and door readers that manage entry to residential building doors. Keys include activation/expiration dates and configurable time ranges, with separate access groups for residents, non-resident owners, caregivers, and contractors.
• Facility Services In-house maintenance and repair services staffed by electricians, plumbers, painters, carpenters, locksmiths, porters, and groundskeepers, with 24/7 emergency repair response for water, sewer, heating, and electrical issues. Operates the 4th largest high pressure steam plant in the metropolitan area, supplying heat and hot water to residential apartments and 75+ commercial enterprises.
• Recreation Program Annual community recreation programming for residents, including summer concert series at The Oval, SummerFest and Kite Day festivals, and sponsorship of the Parkchester Boys and Girls Club with free membership for residents.
• Resident Newsletter Email newsletter subscription service delivering updates, news, events, alerts, and community information to residents and unit owners.

Named customers3 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

Integration8 records

Feature1 record

Partnerships

Three partnerships are on record, tiered core and minor.

• Parkchester North Condominium, Inc.coreStrategic or Co-development PartnerSeparate not-for-profit condominium association managing the north quadrant of the Parkchester complex. While operating as two distinct organizations, both condominiums work cooperatively for the benefit of the broader community, sharing certain infrastructure including the district steam plant and participating in joint community events and recreational programs.
• Parkchester Preservation Management (PPM)coreStrategic or Co-development PartnerManages the approximately 6,000 rental apartments within the Parkchester complex. Works cooperatively with both Parkchester South and North Condominiums. PPM employees may receive building access keys from the condominiums for property management purposes. The main office is shared at 2000 East Tremont Avenue.
• Parkchester Boys and Girls ClubminorStrategic or Co-development PartnerThe Parkchester Condominiums sponsor the Parkchester Boys and Girls Club, providing free membership for residents of the community as part of recreational services and community engagement programs.

Scale indicators6 records

Recent moves6 records

Expansion highlights2 records

Direct peers

• Parkchester North Condominium, Inc. Sister condominium association that manages the north quadrant of the same Parkchester complex (~4,000 apartments) and cooperates with PSC on shared infrastructure, including the district steam plant and recreation programs.
• Riverbay Corporation (Co-op City): Operator of Co-op City, a 15,372-unit cooperative housing development in the Bronx — the largest single residential community in the US. Directly comparable as a massive self-contained residential governance entity serving tens of thousands of residents.

Broad incumbents

• FirstService Residential: Largest residential property management company in North America, serving thousands of condo and HOA communities. Comparable as the leading third-party management alternative for associations similar in scale to PSC.
• AKAM Living: NYC-focused residential property management firm managing many condominium and cooperative buildings, including large complexes. Relevant peer as an incumbent manager serving high-rise and large-scale condo/co-op communities.
• Rose Associates: Long-standing NYC property management and development firm overseeing luxury and middle-market residential properties. Comparable for large-scale Manhattan/Bronx residential asset management capabilities.
• Maxwell-Kates: NYC-based condominium and cooperative management firm serving buildings throughout the metropolitan area, including larger associations. A peer to the operational model PSC uses for full-service condo administration.

Regional players

• Charles H. Greenthal & Co. NYC-area residential property management company serving condo, co-op, and rental buildings, primarily in the metro NY market. Comparable as a regional incumbent operating in similar geographies.

Others

• Habitat Magazine: NYC-area publication and resource focused on condo and co-op governance, management, and lifestyle. Comparable as an ecosystem participant serving the same board members, unit owners, and management professional audience as PSC.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/ParkSCondo
• Facebookfacebook.com/SouthCondo
• LinkedInlinkedin.com/company/parkchester-south-condominium

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

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 Parkchester South Condominium