Choice New York Management Company, LLC

Name

Choice New York Management Company, LLC

Legal name

Choice New York Companies

Website

https://choice-ny.com

Company type

Private

Founded year

2009

Operating status

Operating

Ownership category

akta.pro rank

Product category

Residential Property Management

NAICS

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

SIC

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

akta.pro primary industry

Townhome & PUD Association Management (BPAJAHAE)

akta.pro secondary industry

Commercial/Office Owners Association Management (BPAJAHAG)

Keywords

• Residential property management
• Co-op board management
• Condo management services
• Building staffing services
• Residential real estate brokerage

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, Infrastructure, Others

Revenue model

1. Property Management Services: Third-party property management fees charged to building owners and co-op/condo boards for residential multi-family, condo-coop, mixed-use and commercial buildings. Revenue is recurring in nature based on ongoing management contracts.
2. Building Staffing Services: Staffing By Choice provides building personnel (concierge, doorman, superintendent, porter, janitorial) to buildings managed by Choice NY and third-party property managers. Generates recurring staffing fees.
3. Residential Brokerage: Home By Choice provides brokerage sales and leasing services to building owners represented by Choice NY. Revenue from brokerage commissions on transactions.
4. Commercial Loan Brokerage: Loan procurement and advisory services for multifamily co-op, condo and rental buildings, including underlying mortgages, CIRA loans, lines of credit, construction and acquisition loans. Commission-based brokerage of financing.
5. Project Management & Construction Management: Project management, construction management and owner representative services for building repairs, replacements and improvements, charged on a per-project basis.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

Choice New York Management Company provides full-service residential property management for New York City co-ops, condominiums, and rental buildings, overseeing daily operations, maintenance, accounting, and resident services for 250+ buildings and 17,000+ residents. Through its subsidiaries, the firm also supplies dedicated building staff (doormen, porters, supers), residential real estate brokerage, loan brokerage, project management, and risk management services. The business is contracted primarily with building owners, co-op boards, and condo boards on recurring management agreements.

Product overview

Choice New York Companies operates as a platform of interconnected real estate service brands rather than a single unified product. The core platform is Choice New York Management, which provides residential multi-family, condo-coop, mixed-use, and commercial property management with integrated accounting, asset management, and advisory services. Staffing By Choice (SBC), formed in 2013, provides building staffing services that support the managed properties. Home By Choice, co-founded in 2019, provides brokerage sales and leasing to the same building owners. Goldin Choice Property Management, acquired in 2018, was integrated as a subsidiary providing construction and project management. Additional modules include Commercial Loan Brokerage and Project Management/Construction Management services. All entities share the same corporate infrastructure, leadership, and client base across the NYC metropolitan area.

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

• Reduced tenant turnover and improved retention through tech-enabled service delivery via resident portals.
• +3 more outcomes

Named customers2 records

Segments5 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration7 records

Feature3 records

Partnerships

Eight partnerships are on record, tiered core and minor.

• Goldin Choice Property ManagementcoreOthersAcquired by Choice New York in May 2020, Goldin Choice Property Management operates as a subsidiary providing property management, project management, construction management and owner representative services. Led by Thomas Sussewell (President). Includes CNYM Risk Management, a subsidiary offering insurance premium financing for co-ops and condos.
• Choice New York Property Management, LLCcoreOthersFounded in 2010, the primary operating entity for Choice New York's property management services. Core business providing property management, accounting, asset management and strategic advisory to buildings throughout NYC metropolitan area.
• Staffing By Choice (SBC)coreOthersFounded in 2013, SBC is a subsidiary providing building staffing, janitorial and maintenance services. One of the fastest growing building staffing companies in NYC. Uses GPS time and attendance tracking and provides services to both Choice NY-managed buildings and third-party property managers.
• Home By Choice Real Estate BrokeragecoreOthersFounded in 2019, Home By Choice is a residential brokerage providing sales and leasing services exclusively to buildings in the Choice NY management portfolio. Led by Kevin Kurland, President & Licensed Real Estate Broker. Co-founded to capitalize on relationships and expertise across the Choice NY platform.
• NYSERDAminorStrategic or Co-development PartnerChoice NY Companies engages with NYSERDA (New York State Energy Research and Development Authority) to receive incentives for building retrofits including LED lighting and mechanical controls, reducing out-of-pocket costs for building owners.
• Sure (Renter's Insurance)minorOthersChoice NY Management has partnered with Sure, an industry-leading renter's insurance provider, to offer residents instant, hassle-free renter's insurance quotes at competitive prices as part of the resident onboarding process.
• Yardi SystemscoreTechnology or IntegrationChoice NY Management uses Yardi Voyager 7s as its primary property management and accounting platform. Provides client portal access to building and account information for owners and boards. Also uses RENTCafe resident portal for maintenance requests and communication.
• CUNY Building Performance LabminorOthersCUNY Building Performance Lab provides in-office training to qualified Choice New York employees. Part of the company's educational benefits program for professional development.

Scale indicators7 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Rose Associates: NYC-based property management, development, and real estate services firm. Directly competes in NYC residential multi-family and condo/co-op management, with overlapping customer base of building owners and boards.
• AKAM Associates: Major NYC-based residential property manager specializing in condo, co-op, and managed building services. Direct competitor in the same NYC condo/co-op board market served by Choice NY Management.
• Cooper Square Realty: Long-established NYC real estate firm providing property management, sales, and leasing services. Directly competes with Choice NY in NYC residential and mixed-use building management.
• Gumley Haft & Bierer: NYC property management firm specializing in residential, co-op, and condo buildings. Directly competes for the same co-op board and building owner customers.
• KW Property Management & Consulting: Residential property management firm with NYC office (where Chief Strategy Officer Damien Stein previously worked). Competes directly in NYC condo/co-op and luxury residential management.
• Maxwell-Kates: NYC-based condo and cooperative management firm. Direct competitor in the same NYC co-op/condo board market that Choice NY serves.

Broad incumbents

• FirstService Residential: One of the largest residential property management companies in North America with significant NYC presence. Competes across the same condo/co-op board market but operates at much broader national scale under a public parent.
• The Related Companies: Large national real estate firm with NYC residential management operations (where Senior VP Shaun Lue previously worked). Overlaps in NYC residential property management at much larger scale.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/choice-new-york-companies

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries5 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 Choice New York Management Company, LLC