New Bedford Management

What New Bedford Management does

New Bedford Management Corp. is a privately held, New York City-based property management firm founded in 1985 that serves over 100 cooperative, condominium, rental, and commercial properties across all five boroughs. The company's core offering is full-service building management for residential boards and owner-investors, including financial planning and reporting, vendor and capital improvement coordination, compliance (with a specialized HPD-approved Mitchell-Lama practice for affordable housing), sales and leasing, new construction management, and Owner's Representation for capital projects. The Owner's Representation team is staffed by licensed architects and engineers, and the company markets a same-day response commitment with a billing department answering over 98% of calls within 30 seconds.

The business model is predominantly recurring monthly management fees billed against custom service scopes, supplemented by hourly Owner's Representation fees for construction and capital improvement projects and dedicated financial analyst services. Go-to-market is relationship-driven and direct: Peter von Simson (NYARM) is the primary business-development contact, supported by REBNY membership and recurring editorial features in Habitat Magazine and The New York Times. Pricing is not publicly disclosed and is provided via direct quote.

The technology stack centers on a proprietary client portal with 300+ customizable management reports, online payments and service requests for residents, separate portals for vendors, board applications, rental applications, alteration applications, and accountant access, bank-level encrypted file sharing via ShareFile (up to 100GB), ZenDesk-tracked billing email, and integrations with ClickPay for payments, BuildingLink/Concierge Plus as alternate resident portals, HomeWise Docs for application questionnaires, and Sterling National Bank for property banking. The company is incorporated in New York as New Bedford Management Corp. (d/b/a NBMC), with no disclosed parent, subsidiary, or external ownership.

Name

New Bedford Management

Legal name

New Bedford Management Corp.

Website

https://nbmgmt.com

Company type

Private

Founded year

1985

Operating status

Operating

Headcount range

11–50 employees

Short description

New Bedford Management Corp., founded in 1985, provides full-service property management for over 100 cooperative, condominium, rental, and Mitchell-Lama buildings across New York City's five boroughs, offering financial reporting, Owner's Representation, compliance, and a proprietary client portal.

Ownership category

akta.pro rank

Product category

Property Management Services

NAICS

Residential Property Managers (531311), Real Estate Property Managers (53131), Nonresidential Property Managers (531312)

SIC

Real Estate Agents & Managers (For Others) (6531), Operators Of Apartment Buildings (6513), Real Estate Operators (No Developers) & Lessors (6510)

akta.pro primary industry

Multifamily Apartment Property Management (BPAJAFAA)

akta.pro secondary industries

Affordable & Subsidized Housing Property Management (LIHTC, Section 8) (BPAJAFAD), Multifamily (Apartment) Property Management (BPAJAGAD)

Keywords

• Property management services
• Cooperative building management
• Condominium management
• Mitchell-Lama housing management
• Owner's representation

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, Infrastructure, Marketing or Sales

Revenue model

1. Property Management Fees: Recurring management fees from representing cooperative, condominium, and rental buildings. Services include financial planning, compliance, maintenance coordination, and administrative support.
2. Owner's Representation Services: Hourly-fee based professional service for construction and capital improvement projects. Includes project management, contractor oversight, and board representation during construction phases.
3. Financial Planning & Reporting Services: Dedicated financial analyst services for cash flow management, budget projections, annual budgeting, and long-term financial planning.
4. Mitchell-Lama Management Services: HPD-approved managing agent services for Mitchell-Lama properties including income affidavit verification, capital improvement management, and affordable housing marketing.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

New Bedford Management Corp. provides comprehensive property management services — including co-op and condo management, asset management, commercial management, owner's representation, compliance, financial planning and reporting, sales and leasing, new construction oversight, and HPD-approved Mitchell-Lama affordable housing management — to more than 100 cooperative, condominium, rental, commercial, and Mitchell-Lama buildings across the five boroughs of New York City. Service delivery is supported by an in-house team of property managers, dedicated financial analysts, and architect/engineer-staffed Owner's Representatives, plus a proprietary client portal offering 300+ customizable reports, online payments, service requests, and bank-level encrypted file sharing.

Product overview

New Bedford Management is a property management company established in 1985 offering a suite of core management services for residential properties (co-ops, condominiums, and rental buildings) in New York City. The portfolio consists of ten interconnected service lines: Co-op & Condo Management, Asset Management, Commercial Management, Owner's Representation, Compliance, Financial Planning & Reporting, Sales and Leasing, New Construction, and Mitchell-Lama Management. These core services are supported by a digital platform featuring the Client Portal (for residents to pay bills, submit service requests, and access documents), Vendor Portal (for invoice submission), Board/Rental/Alteration Applications portals (for transaction processing), and Accountant Access (for financial reporting). The company manages over 100 properties across all five NYC boroughs with offices and dedicated staff including property managers, financial analysts, and owner's representatives.

Differentiator

Problem solved

Functional benefit

Products and services

• Co-op & Condo Management Comprehensive management services for cooperative and condominium residential buildings across New York City, providing financial transparency, proactive maintenance, vendor coordination, and board-facing administration since 1985. Targeted at elected Boards of Directors representing building shareholders and unit owners.
• Asset Management Property management and asset optimization services for owner/investor clients, balancing rapid response with cost concerns through custom service, repair, and financial plans tailored to each owned residential or mixed-use NYC property.
• Commercial Management Management services for commercial properties within New Bedford's NYC portfolio, addressing the operating requirements of mixed-use and standalone commercial assets alongside the firm's residential portfolio.
• Owner's Representation Full owner's representation services for construction and capital improvement projects including facade restoration, roof replacement, elevator modernization, renovation, and new construction. Staffed by in-house professionals with architecture (AIA) and engineering (CPHD) backgrounds serving as independent advocates for NYC building owners and boards.
• Compliance Compliance services ensuring managed properties meet local code and regulatory requirements, including specialized support for HPD-regulated affordable housing programs and New York City building regulations.
• Financial Planning & Reporting Dedicated financial analyst services for managed properties covering cash flow management, budget projections, annual budgeting, and long-term financial planning, with a Sterling National Bank partnership providing low-cost operating accounts and online board access.
• Sales and Leasing Real estate transaction services for property sales and leasing, supporting cooperative, condominium, and rental building clients with unit sale and lease administration.
• New Construction Management services for new construction projects, providing oversight and operational onboarding as buildings transition from development into ongoing management.
• Mitchell-Lama Management HPD-approved managing agent services for Mitchell-Lama affordable housing properties, including RAP/Section 236/SCRIE/Section 8 administration, income affidavit verification, affordable housing marketing from the Mitchell-Lama waiting list, capital improvement management, and senior citizen programs coordination.

Quantifiable outcome

• Same day response to inquiries, compliance requests, and service requests
• +3 more outcomes

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration7 records

Feature5 records

Partnerships

Three partnerships are on record, tiered core and minor.

• Sterling National BankcoreTechnology or IntegrationBanking partnership providing low-cost operating accounts and aggressive money market rates for properties managed by New Bedford. Each managed property has its own bank accounts with online Board access.
• ClickPaycoreTechnology or IntegrationOnline payment processing partnership enabling ACH (free) and credit card payments for residents. Includes dedicated customer support line. Payments scheduled before 3pm EST post next business day.
• Real Estate Board of New York (REBNY)minorOthersIndustry membership organization providing networking, credibility, and industry standards alignment for NYC real estate professionals.

Scale indicators3 records

Recent moves1 record

Expansion highlights5 records

Direct peers

• Rose Associates: NYC-focused real estate management and development firm offering property management, asset management, and leasing services for residential and mixed-use properties. Comparable to NBMC on NYC residential management focus.
• Halstead Management: NYC property management company affiliated with Halstead Real Estate, providing co-op, condo, and rental management across Manhattan and boroughs. Comparable service lines and NYC-focused client base to NBMC.
• Argo Real Estate: NYC-based residential property manager serving co-op and condo boards across Manhattan and boroughs. Comparable boutique scale and service portfolio including financial planning and capital project oversight.
• Maxwell-Kates: Boutique NYC property management firm specializing in co-op and condo management with financial reporting and owner's rep services. Comparable size and service portfolio to NBMC with similar mid-market prestige positioning.
• AKAM Living Services: NYC-focused residential property management firm serving co-ops, condos, and rental buildings with full-service management, financial reporting, and owner's representation. Highly comparable in service mix and target market to NBMC.
• The Andrews Organization: Established NYC property management firm offering co-op, condo, and rental management with financial reporting and capital project oversight. Comparable in size, market, and service breadth to NBMC.
• Cooper Square Realty: NYC property management company managing co-ops, condos, and rental buildings with emphasis on financial transparency and board reporting. Directly comparable to NBMC on service model and target customer.
• Brown Harris Stevens Residential Management: NYC luxury residential property manager handling co-ops, condos, and townhouses with premium service positioning. Overlaps with NBMC's prestigious-building focus and full-service management offering.

Broad incumbents

• FirstService Residential: Largest residential property manager in North America with a major NYC presence managing thousands of co-op, condo, and rental buildings. Directly comparable to NBMC on co-op and condo management services, but at vastly greater scale and with broader geographic reach.
• GreyStar Real Estate Partners: Largest apartment manager in the US with multifamily rental management presence in NYC. Overlaps with NBMC on rental building management but operates at massive scale nationally with broader service breadth.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights6 records

Customer concentration

• Xx.com/NewBedfordMGMT
• Facebookfacebook.com/New-Bedford-Management-158114520877885

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 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 New Bedford Management