Here's what we found out.įlickr/Dan DeLuca #1 StuyTown Property Management Services Any other facts, positive or negative, are outside the confines of the ranking.įor further context-and for info to help you, the renter, distinguish among landlords and decide where to focus your search first-we consulted brokers who have worked with these landlords, as well as the landlords themselves. Similarly, some of the runners-up are big owners such as Related and Rockrose Development Group, which may have fared better with larger portfolios had our researchers been able to associate more buildings with them.Īnd finally, we're strictly concerned with building maintenance over the past four years. Because of the ownership structure, and the fact that adjustments to one entry on the list without further dramatic changes to others would be unfair, we're treating the StuyTown arm as a distinct entity for the purposes of the ranking.
Most obviously, Stuyvesant Town-Peter Cooper Village is owned by Blackstone, one of the biggest landlords in the country. Still, it’s not unusual for a company to also vary the people listed as owner from building to building, so the ownership data is admittedly imperfect.Īs a result, some owners' portfolios are much larger than what is represented in our data. Every multifamily building in the city has to be registered with the city and list a specific owner, but because it’s common practice for building owners to obscure ownership through limited liability corporations, we are associating buildings with the actual person listed for a given building in the registrations, and tying those people back to the larger entity that they’re publicly a part of.
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We should note that the list-a mix of large portfolio, luxury companies, and smaller landlords with simpler walk-up and small elevator buildings, many on the Upper East and Upper West Sides-draws upon Department of Housing Preservation and Development registration information, which can be difficult to parse in terms of who actually owns what.
We wanted to highlight just a few of the landlords in New York City who are going above and beyond the call of duty to ensure their rental communities are great places to live." “Our work at Rentlogic demonstrates that there are a lot of landlords who are doing a great job, and so we wanted to focus on that. "The city and the press in general tend to focus their attention on the bad actors, but rarely does anyone look at who’s doing things right,” says Rentlogic founder and CEO Yale Fox. The resulting lists shows the largest landlords with the greatest proportion of Rentlogic A-grade buildings in their portfolios. To create this list, we asked them to take it a step further, crunching the numbers for landlords with buildings in Manhattan, then weighting their data to favor those with large portfolios, the idea being that it's harder to maintain 20 buildings than it is to maintain one. Our partners at the website Rentlogic grade buildings based on the occurrence of serious maintenance issues over the past four years. To quantify who are the “best” landlords in Manhattan, we looked to public records showing building maintenance issues, which is as close to a dispassionate source as we could identify. But less well represented in the public eye are landlords who quietly keep their tenants happy, or at least keep up their buildings well. Indeed, Public Advocate Letitia James just released her annual Landlord Watchlist, highlighting owners with some of the worst repair records in the city. News editors seek out conflict to attract audiences-the old saying is that “if it bleeds, it leads”-and landlord-tenant relations have been contentious since feudal times. Bad landlords are in the news on a near-daily basis in New York, and for good reason.