What Hoffman Management does

Hoffman Management is a privately held, boutique property management firm founded in 1990 by brothers Steven and Mark Hoffman. The firm exclusively manages residential properties in Manhattan — specifically cooperative, condominium, and rental buildings — across approximately 45 buildings comprising roughly 4,000 units. The company operates from a single headquarters at 300 West 55th Street in New York City, and all client engagements are governed by direct, principal-led relationships with co-op and condo boards rather than through intermediaries or third-party channels. The firm positions itself as a third-generation, family-operated specialist differentiated by hands-on service, all-inclusive fee structures, and 24/7 principal availability.

The company's core offerings are organized into two product lines: Co-ops & Condos Management (comprehensive operational, financial, and board-policy services for residential buildings) and Asset Management (investment-property oversight focused on cost efficiency and value maximization for building owners). Supporting services include a web-based Contacts & Documents platform and an Online Payment Portal (integrated with MyTek Portal / olrp.hoffmgt.com) enabling residents to pay maintenance, common charges, and rent digitally. The technology stack is deliberately lean and non-proprietary: the firm relies on WordPress, Contact Form 7 for lead capture, Google Analytics/Search Console for traffic insights, and Wordfence for security. There is no in-house software product, no API, no mobile application, and no disclosed AI/ML capabilities. Operational differentiation rests on the principals' direct oversight of every building, regulatory expertise (HPD, FDNY, DEP, DOB, Local 32BJ labor relations), and personal involvement in capital projects and vendor coordination.

Revenue is generated through recurring, all-inclusive property management fees charged to co-op, condo, and rental building clients. Pricing is quote-based and not publicly disclosed, but the firm explicitly avoids ancillary charges for postage, faxes, and copies, bundling these into a single management fee. Go-to-market is entirely sales-led and relationship-driven: client acquisition relies on referrals, board-level outreach by the Hoffman brothers, and industry reputation reinforced through Mark Hoffman's seminars at the Council of New York Cooperatives annual conference and content placement in Habitat magazine. The customer base is concentrated in Manhattan mid-market residential buildings, with documented case studies ranging from 60-unit to 245-unit properties. The firm has pursued no geographic expansion, no acquisitions, no funding rounds, and no product line diversification beyond its core property management and asset management offerings since 1990.

Name

Hoffman Management

Legal name

Hoffman Management

Website

https://hoffmgt.com

Company type

Private

Founded year

1990

Operating status

Operating

Headcount range

1–10 employees

Short description

Hoffman Management is a privately held, boutique property management firm founded in 1990 by brothers Steven and Mark Hoffman that exclusively manages approximately 45 Manhattan co-op, condo, and rental buildings comprising roughly 4,000 units, delivering principal-led, all-inclusive management and asset management services to building boards and owners.

Ownership category

akta.pro rank

Product category

Residential Property Management

NAICS

Real Estate Property Managers (53131)

SIC

Real Estate Agents & Managers (For Others) (6531), Operators Of Apartment Buildings (6513)

akta.pro primary industry

Multifamily Apartment Property Management (BPAJAFAA)

Keywords

• Residential property management
• Co-op management services
• Condo management services
• Manhattan real estate management
• Building 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, Technology or R&D, Marketing or Sales

Revenue model

1. Property Management Fees: All-inclusive management fees for co-op, condo, and rental property management services. The company charges a single inclusive fee covering day-to-day operations including postage, faxes, and copies rather than nickel-and-diming clients with additional charges.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Hoffman Management is a boutique property management firm providing full-service management for residential co-ops, condominiums, and rental properties exclusively in Manhattan, New York. Founded in 1990, the firm manages approximately 45 buildings and 4,000 units, offering financial management, building operations, and board advisory services with principals personally involved in every account.

Product overview

Hoffman Management is a boutique property management firm offering personalized, hands-on service through a unified platform of property management services. The core offering consists of Co-ops & Condos Management and Asset Management services, supported by Client Services and an Online Payment Portal. The company exclusively manages Manhattan properties, providing approximately 4,000 units across 45 buildings with direct principal oversight, financial management, and operational services.

Differentiator

Problem solved

Functional benefit

Products and services

• Co-ops & Condos Management Full-service management tailored for Manhattan co-operative and condominium buildings, providing financial administration, building operations oversight, vendor management, and board advisory support for residential co-op and condo boards.
• Rental Property Management Comprehensive management services for Manhattan rental buildings including leasing support, rent collection, tenant relations, and building operations. Targeted at rental property owners and investors.
• Asset Management Strategic asset management oversight for Manhattan buildings, helping boards and owners preserve and enhance property value through financial planning, capital project oversight, and operational guidance. Led by Andrew Hoffman, Director of Asset Management.

Quantifiable outcome

• $170,000 boiler replacement project completed with significant electricity savings achieved through new efficient boiler system
• +2 more outcomes

Named customers4 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Partnerships

Two partnerships are on record, tiered minor.

• R. Germain Inc.minorImplementation/ SI/ Consulting Partner · 1 May 2022Engineering firm that designed the boiler replacement system for the Toulaine co-op. President Ralph Germain designed the new system and solicited bids for the $170,000 project.
• Abilene Inc.minorImplementation/ SI/ Consulting Partner · 1 May 2022Construction contractor that installed the new Sussman Electric Boiler at the Toulaine co-op. Vincent Logozzo served as project manager for the installation.

Scale indicators4 records

Recent moves4 records

Expansion highlights3 records

Broad incumbents

• FirstService Residential: One of the largest residential property management companies in North America, managing thousands of properties including high-rise co-ops and condos in Manhattan. Comparable as a direct competitor for Manhattan co-op and condo management contracts, though significantly larger in scale.
• Douglas Elliman Property Management: Property management arm of major NYC brokerage Douglas Elliman, managing luxury co-ops and condos throughout Manhattan. Comparable in serving similar high-end residential clients, with broader brand and platform scale.

Direct peers

• Maxwell-Kates: NYC-focused property management firm serving co-ops and condos in Manhattan. Comparable boutique positioning with similar service offerings and target customer base.
• Cooper Square Realty: Manhattan-based property management firm specializing in residential co-ops, condos, and rental properties. Comparable in geographic focus and service offerings to luxury Manhattan buildings.
• AKAM Associates: Major NYC-focused residential property management firm serving co-ops, condos, and rental buildings across Manhattan. Closely comparable in target market and service offering, though operates at significantly larger scale with broader geographic reach within the metro area.
• Rose Associates: Long-standing NYC property management and real estate firm specializing in residential and mixed-use properties including co-ops and condos. Comparable in heritage and Manhattan-focused service offering, with larger portfolio scale.
• Halstead Management: NYC residential property management firm serving co-ops and condos primarily in Manhattan. Comparable in boutique service model and target customer profile of board-managed residential buildings.
• The Andrews Organization: Boutique NYC property management firm specializing in co-op and condo management across Manhattan. Closely comparable in scale, service model, and target customer profile of Manhattan residential boards.
• Brown Harris Stevens Residential Management: NYC residential property management division affiliated with Brown Harris Stevens brokerage, managing luxury co-ops and condos across Manhattan. Directly comparable in serving similar high-end Manhattan co-op and condo boards.
• Orsid Realty: Established NYC property management company managing co-ops, condos, and rental buildings throughout Manhattan. Comparable in service offerings and target market, with longer operating history.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/hoffman-management-co

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 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 Hoffman Management