Brown Harris Stevens Residential Management

What Brown Harris Stevens Residential Management does

Brown Harris Stevens Residential Management, LLC is a New York City-based full-service residential property management firm serving cooperative and condominium buildings in Manhattan. Established in 1873 under the Brown Harris Stevens brand and operated as a subsidiary of Terra Holdings, LLC, the firm manages a portfolio of more than 185 buildings comprising over 11,000 residences, organized into five geographic sub-brand portfolios: Park Avenue Properties, Fifth Avenue Properties, Downtown Properties, East Side Properties, and West Side Properties. The headquarters is at 770 Lexington Avenue, 4th Floor, New York, NY 10065. Core services include building operations, staffing, physical and mechanical systems oversight, construction management, and financial administration, with positioning built around an owner's-perspective approach by principals who have developed, owned, and managed premier properties.

The business model is contractual managed services: management fees are negotiated directly with cooperative and condominium boards and unit owners through quote-based agreements, with no publicly disclosed pricing. Customer acquisition relies on direct relationship sales to building decision-makers, supported by a professional website showcasing the managed portfolio, the leadership team, and contact channels. The sales and operations organization as listed includes a President (Richard Horovitz), Chief Operating Officer and Chief Financial Officer (Alan J. Kersner), an EVP of Management Accounting (Gregory Zammit), an SVP of Transfers (Donna Achaia), 17 account executives, and 18 on-site property managers. No proprietary technology platform is disclosed; technology delivery consists of native integrations with three third-party property-management platforms: ClickPay for resident online payments, BoardPackager for building documentation and listing information, and Domecile for building information and listings.

The firm differentiates on its 150-year brand reputation, deeply embedded relationships with Manhattan's premier co-op and condo boards, and the tenure of its qualified personnel. There are no disclosed funding rounds, no acquisitions or divestitures, no public stock listing, and no reported revenue figures in the source material. AI/ML capabilities are not disclosed; the operating model is operationally traditional and human-service-intensive.

Name

Brown Harris Stevens Residential Management

Legal name

Brown Harris Stevens Residential Management, LLC

Website

https://bhsmanagement.com

Company type

Private

Founded year

1873

Operating status

Operating

Headcount range

1–10 employees

Short description

Brown Harris Stevens Residential Management, LLC is a Manhattan-based full-service residential property management firm, founded 1873 and owned by Terra Holdings, LLC, serving 185+ luxury cooperative and condominium buildings and 11,000+ residences across New York City through contracted, board-negotiated managed services.

Ownership category

akta.pro rank

Product category

Residential Property Management

NAICS

Residential Property Managers (531311), Real Estate Property Managers (53131), Services to Buildings and Dwellings (5617)

SIC

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

akta.pro primary industry

Multifamily Apartment Property Management (BPAJAFAA)

akta.pro secondary industry

Townhome & PUD Association Management (BPAJAHAE)

Keywords

• Residential property management
• Building operations services
• Condominium management
• Cooperative building management
• Luxury real estate services

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, Marketing or Sales, Infrastructure, Others

Revenue model

1. Residential Property Management Services: Full-service property management fees charged to cooperative and condominium buildings. Services include building operations, staffing, physical and mechanical systems management, financial administration, and resident services. Revenue is generated through contractual management agreements with building boards.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Brown Harris Stevens Residential Management provides full-service, white-glove property management and operations for condominiums and cooperative buildings in Manhattan. Services span construction oversight, staffing, physical and mechanical systems management, financial administration, and resident services across more than 185 buildings and over 11,000 residences. The firm approaches management from an owner's perspective, leveraging principals who have developed, owned, and managed premier NYC properties.

Product overview

Brown Harris Stevens Residential Management offers a unified full-service property management platform for luxury residential buildings in New York City. The core product is their property management and operations service, supplemented by geographically-organized sub-brand portfolios: Park Avenue Properties, Fifth Avenue Properties, Downtown Properties, East Side Properties, and West Side Properties. Together these represent a managed portfolio of over 185 buildings and 11,000 residences, with the company providing white-glove service including construction management, staffing, and physical/mechanical systems oversight for condominiums and cooperative buildings.

Differentiator

Problem solved

Functional benefit

Products and services

• Property Management Services Full-service, white-glove residential property management and operations for condominiums and cooperative buildings in Manhattan, including construction management, staffing, physical and mechanical systems oversight, financial administration, and resident services. Currently covers more than 185 buildings and over 11,000 residences, organized by geographic portfolios (Park Avenue, Fifth Avenue, Downtown, East Side, West Side).

Quantifiable outcome

• 11,000+ residences managed across 185+ buildings

Named customers8 records

Segments2 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Scale indicators3 records

Recent moves4 records

Expansion highlights3 records

Direct peers

• Maxwell-Kates: Manhattan-focused residential property manager specializing in cooperatives and condominiums. Direct competitor with a comparable white-glove service model for premium board clients.
• Cooper Square Realty: NYC residential property management firm focused on cooperatives, condominiums, and rental buildings across Manhattan. Direct peer competing for the same board mandates and resident-service expectations.
• AKAM Associates: NYC-headquartered luxury residential property manager serving cooperatives, condominiums, and high-rise buildings. Competes head-to-head with BHS in the same Manhattan luxury segment with similar full-service offerings.
• FirstService Residential: Largest residential property manager in North America with a major New York City luxury condo/co-op practice. Directly competes with BHS for high-end Manhattan board mandates using a comparable full-service, white-glove model.
• Rose Associates: Long-established NYC luxury residential property manager with deep co-op and condo portfolio across Manhattan. Direct competitor offering a comparable full-service model targeting the same board-level clientele.
• The Andrews Organization: Established NYC property management company serving luxury cooperatives, condominiums, and rental buildings. Comparable full-service offerings targeting the same premium Manhattan board clientele.
• Orsid Realty Corporation: Manhattan-based residential property manager with a long-tenured co-op and condo portfolio. Direct competitor serving the same building-board customers with comparable full-service management.
• New Bedford Management Corporation: NYC residential property manager with a substantial portfolio of cooperatives and condominiums in Manhattan. Comparable service offering and customer base to BHS.

Broad incumbents

• Greystar Real Estate Partners: Largest multifamily property manager in the United States, operating across rental, luxury, and mixed-use residential. A broader incumbent whose NYC luxury overlap competes for some premium mandates but with a much wider geographic and asset-class footprint.
• Cushman & Wakefield: Global real estate services firm offering residential property management within a much broader commercial and capital markets portfolio. Overlaps with BHS on select luxury residential mandates but does not specialize in the high-end Manhattan co-op/condo niche.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/bhs-management

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 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 Brown Harris Stevens Residential Management