MGNY Consulting
MGNY Consulting is a privately held, family-owned NYC B2B consulting firm providing property tax management and affordable housing marketing and compliance services to real estate developers, owners, and co-op/condo boards in New York City.
- Company typePrivate
- Founded2008
- HeadquartersBrooklyn, United States
- Headcount1–10
- GTM typeB2B
- OfferingServices
What MGNY Consulting does
MGNY Consulting Corp. is a privately held, family-owned B2B consulting firm founded in October 2008 in Brooklyn, New York, by brothers Michael and Yuri Geylik. The company provides two integrated service lines to NYC real estate developers, owners, co-op/condo boards, and NFP organizations: (1) Property Tax Management, including annual tax appeals, RPIE filing, RPIE penalty removal, 421-a and ICAP exemption applications and renewals, NFP exemptions, coop/condo abatement representation, and tax opinions and projections; and (2) Affordable Housing Services, including HPD lottery management, marketing agent and marketing monitor services, LIHTC compliance, and DHCR rent stabilization compliance.
Service delivery is supported by a proprietary technology platform comprising a Client Portal for portfolio and billing reporting, a high-volume NYC RPIE filing system, LIHTC income/asset certification software launched in 2012, and an affordable housing client monitoring system enabling 24/7 leasing visibility. MGNY claims to be the #1 RPIE filer in NYC, processing 2,500+ annual RPIE filings, 3,000+ affordable units leased to date, 900+ developments with tax abatements secured, and $17B+ in property value represented in appeals.
The business model is professional services on a quote-based, project-specific pricing structure with multi-year contract cadence. Distribution is primarily direct enterprise sales targeting NYC real estate developers, supplemented by inside sales, website lead capture, and industry referrals. The company employs approximately 50+ staff across Housing, Property Tax, Technology, HR, and Leadership functions, operates a Manhattan headquarters at 109 East 9th Street (since 2022), and maintains a European hub established in 2017. No external institutional funding has been disclosed.
MGNY Consulting firmographics
Firmographics- Name
- MGNY Consulting
- Legal name
- MGNY Consulting Corp.
- Website
- https://mgnyconsulting.com
- Company type
- Private
- Founded year
- 2008
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- MGNY Consulting is a privately held, family-owned NYC B2B consulting firm providing property tax management and affordable housing marketing and compliance services to real estate developers, owners, and co-op/condo boards in New York City.
- Ownership category
- akta.pro rank
MGNY Consulting industry classification
Industry- Product category
- Real Estate Property Tax & Compliance Consulting
- NAICS
- Management Consulting Services (54161)
- SIC
- Services-Management Consulting Services (8742)
- akta.pro primary industry
- Risk, Compliance & Internal Controls Consulting (BPAHACAJ)
Keywords
Where MGNY Consulting is headquartered
LocationHeadquarters
- HQ city
- Brooklyn
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
MGNY Consulting business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Others
Revenue model
- Property Tax Advisory Services: MGNY provides comprehensive property tax management services including annual tax appeals, RPIE filing, 421-a and ICAP applications, exemption renewals, tax opinions and projections, and coop/condo abatement representation. Revenue is generated through professional consulting fees for these specialized services.
- Affordable Housing Marketing Services: As an approved HPD Marketing Agent and Marketing Monitor, MGNY provides lottery management, tenant selection, and ongoing compliance monitoring for income-restricted housing developments. Services include HPD lottery management, marketing agent services, and rent stabilization compliance.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Custom consulting engagements with project-specific pricing |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels6 records
MGNY Consulting product offering
Product offeringCore offering
MGNY Consulting provides professional services spanning property tax management (annual tax appeals, RPIE filing, 421-a and ICAP exemption applications, RPIE penalty removal, coop/condo abatement, exemption renewals, NFP exemptions, and tax opinions and projections) and affordable housing marketing and monitoring services (HPD lottery management, marketing agent services, marketing monitor services, rent stabilization/DHCR compliance, and LIHTC compliance) for NYC real estate developers, property owners, co-op/condo boards, NFP organizations, and affordable housing sponsors. The firm supports these services with proprietary technology including a Client Portal, an NYC RPIE Filing System, a Custom Client-Management Software platform, LIHTC compliance software, and a 24/7 Affordable Housing Client Monitoring System.
Product overview
MGNY Consulting offers two main service platforms: Property Tax Management and Affordable Housing Services. The Property Tax Management platform includes annual tax appeals, RPIE filing, penalty removal, and various exemption applications (421a, ICAP). The Affordable Housing Services platform covers HPD lottery management, marketing agent services, and LIHTC compliance. Both platforms are supported by a Client Portal enabling online form completion, report generation, and billing monitoring. The company operates primarily in NYC real estate, serving developers and property owners since 2008.
Differentiator
Problem solved
Functional benefit
Products and services
- Property Tax Management Comprehensive property tax management platform offering annual tax appeals, RPIE filing, RPIE penalty removal, 421-a, ICAP and NFP tax exemption applications, exemption renewals, coop/condo abatement representation, and tax opinions and projections for NYC property owners, developers, co-op/condo boards, and NFP organizations.
- Affordable Housing Services End-to-end affordable housing services including HPD lottery management, marketing agent services, marketing monitoring, rent stabilization compliance, and LIHTC compliance for NYC real estate developers with income-restricted housing components.
- Annual Tax Appeals Representation of NYC property owners in annual tax appeals filed at the NYC Tax Commission and Department of Finance, representing 2,500+ properties with expert-driven processes.
- RPIE Filing High-efficiency NYC Real Property Income and Expense (RPIE) filing system delivered through an online portal for standard RPIEs, rent roll, and NYC storefront registry.
- RPIE Penalty Removal Contesting incorrectly assessed RPIE penalties for new building owners and established operators, including recovery of refunds for overpayment.
- 421a Application Tax exemption application service for NYC new construction projects under the 421-a program, helping clients secure tens of millions of dollars in benefits.
- ICAP Application Industrial and Commercial Abatement Program (ICAP) application service for commercial construction, renovation, and new development projects in NYC.
- Exemption Renewals Annual compliance services for ICIP/ICAP property tax exemptions, including Certificate of Continuing Use (CCU) filing for NYC property owners.
- Tax Opinions and Projections Tax planning and advisory service providing opinions and projections to purchasers, developers, investors, and lenders across NYC.
- NFP Exemption Application Securing Non-for-Profit (NFP) property tax exemptions for charitable and religious organizations in NYC.
- Coop/Condo Abatement Assistance to cooperative and condominium boards and management companies in attaining annual coop/condo abatement benefits, delivered through MGNY's proprietary online portal.
- HPD Lottery Management Certified project managers using state-of-the-art technology to manage the entire NYC HPD housing lottery system, ensuring quick lease-up and processing for income-restricted units.
- Marketing Agent Services Initial leasing and tenant selection delivered as an HPD-approved Marketing Agent representing major affordable housing projects in NYC.
- Marketing Monitor Services HPD-approved marketing monitoring ensuring vacant affordable units are marketed properly, rented to qualifying households, and compliant with rent stabilization rules.
- Rent Stabilization Compliance DHCR registration and compliance services including initial and annual registrations, rent increase consultation, and access to rent stabilization attorneys for NYC property owners.
- LIHTC Compliance Income and asset certifications with purpose-built software ensuring full HDC, HPD and IRS compliance for Low Income Housing Tax Credit (LIHTC) programs in NYC.
Quantifiable outcome
- 3,000+ affordable units leased
- +3 more outcomes
Companies that use MGNY Consulting
Customer profileNamed customers10 records
Segments3 records
Ideal customer profiles3 records
MGNY Consulting technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
MGNY Consulting partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- NYC Department of Finance (DOF)coreMGNY works directly with NYC Department of Finance on RPIE filings, tax appeals, and various property tax matters. As the #1 RPIE filer in NYC representing 2,500+ properties, they have an established relationship with DOF for processing annual filings and compliance matters.
Scale indicators13 records
Recent moves9 records
Expansion highlights5 records
MGNY Consulting competitors and assessment
Company assessmentBroad incumbents
- Yardi Systems: Provider of property management and affordable housing compliance software widely used by NYC owners and managers, including rent regulation and certification workflows. Comparable to MGNY as a broad incumbent with overlapping software-enabled affordable housing compliance functionality.
- Cushman & Wakefield: Global real estate services firm with property tax, valuation, and consulting practices serving large developers and investors. Comparable to MGNY as a broad incumbent offering overlapping property tax advisory at a much larger scale.
- Newmark Group: Real estate services firm offering property tax consulting, valuation, and advisory services to owners and investors. Comparable to MGNY as a broader-services incumbent with a dedicated NYC property tax practice that competes for similar institutional clients.
- RealPage: Provider of property management and compliance software for the multifamily and affordable housing industry, including rent regulation modules. Comparable to MGNY as a technology-enabled incumbent serving overlapping property management and compliance use cases for owners and operators.
- Wolters Kluwer: Global provider of regulatory, tax, and compliance software and services for the real estate and property tax ecosystem. Comparable to MGNY as a higher-scale incumbent offering overlapping property tax compliance and regulatory data capabilities to property owners.
- CBRE Group: Largest global commercial real estate services firm with dedicated property tax, valuation, and consulting practices serving many of the same institutional developers as MGNY. Comparable as a broad incumbent with overlapping property tax appeal and advisory offerings.
- BDO USA: Top-tier US accounting and advisory firm with a dedicated real estate practice covering tax credits (LIHTC), property tax, and affordable housing consulting. Comparable to MGNY as a broader professional services incumbent with adjacent LIHTC and property tax capabilities.
- JLL (Jones Lang LaSalle): Global real estate advisory and services firm with a large property tax and consulting practice serving institutional owners and developers. Comparable to MGNY as a broad incumbent providing real estate tax advisory alongside a much wider service portfolio.
Regional players
- Anchin: NYC-based accounting and advisory firm with a deep real estate practice serving developers, investors, and affordable housing owners. Comparable to MGNY as a New York-focused competitor providing property tax advisory and real estate consulting to overlapping mid-market and institutional developers.
- Eisner Advisory Group: NYC-headquartered accounting and advisory firm with a significant real estate practice serving developers, owners, and LIHTC projects. Comparable to MGNY as a New York-based firm offering overlapping real estate tax, affordable housing, and compliance advisory services.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights6 records
Customer concentration
MGNY Consulting social profiles
Digital presenceMGNY Consulting financial estimates
Financial estimateRevenue estimate
Valuation estimate
MGNY Consulting leadership team
Management profileNumber of profiles
Profiles7 records
MGNY Consulting funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
MGNY Consulting M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about MGNY Consulting
What does MGNY Consulting do?
MGNY Consulting provides professional services spanning property tax management (annual tax appeals, RPIE filing, 421-a and ICAP exemption applications, RPIE penalty removal, coop/condo abatement, exemption renewals, NFP exemptions, and tax opinions and projections) and affordable housing marketing and monitoring services (HPD lottery management, marketing agent services, marketing monitor services, rent stabilization/DHCR compliance, and LIHTC compliance) for NYC real estate developers, property owners, co-op/condo boards, NFP organizations, and affordable housing sponsors. The firm supports these services with proprietary technology including a Client Portal, an NYC RPIE Filing System, a Custom Client-Management Software platform, LIHTC compliance software, and a 24/7 Affordable Housing Client Monitoring System.
Is MGNY Consulting a public or private company?
MGNY Consulting is a private company. It is classified as family owned and is currently operating.
When was MGNY Consulting founded?
MGNY Consulting was founded in 2008. It employs 1 to 10 people.
Where is MGNY Consulting based?
MGNY Consulting is headquartered in Brooklyn, United States, in the North America region.
How does MGNY Consulting make money?
Two revenue lines are on record. Property Tax Advisory Services are the primary driver. The others are affordable Housing Marketing Services.
Who are MGNY Consulting's main competitors?
Broad incumbents on record are Yardi Systems, Cushman & Wakefield, Newmark Group, RealPage, Wolters Kluwer, CBRE Group, BDO USA and JLL (Jones Lang LaSalle). Regional players are Anchin and Eisner Advisory Group.
Does MGNY Consulting have an API?
No public API is recorded for MGNY Consulting.
What industry is MGNY Consulting in?
MGNY Consulting's product category is Real Estate Property Tax & Compliance Consulting. Its primary akta.pro industry code is BPAHACAJ, Risk, Compliance & Internal Controls Consulting. Its NAICS code is 54161 and its SIC code is 8742.