Manhattan Co-op & Condo Management

Manhattan boards hire a managing agent to keep the building running and the record straight. Venture NY, the marketing name of Venture, NY Property Management, LLC, was formed in 2017 and is family-owned. The office is at 43-10 11th Street, Long Island City, NY 11101. Weekday hours are Monday–Friday, 9:00 a.m.–5:00 p.m.. The firm reports 7,000+ units under management across co-ops, condominiums, and rental buildings.

A Manhattan assignment uses the same operating system as the rest of the New York practice. The board gets one assigned property manager and that manager’s direct cell. Emergencies do not go to a call center. A VNYPM partner or manager handles the 24/7 line. Day-to-day work covers inspections, common-area care, staff supervision, resident service, and the books.

Venture holds exclusive contracts with, and is a certified vendor of, the Metropolitan Transportation Authority (MTA). The firm is a BBB Accredited Business with an A+ rating since 2018. Habitat Magazine has covered the partners and the firm’s work.

Board services

The manager stays accountable to the board. Behind that manager, the office supports the meeting calendar, prepares minutes and notices, and tracks what the board decided. Elections are part of that support. Notices can be delivered in person when the board asks. Governing-document questions are handled with the building’s counsel. VNYPM does not act as the lawyer.

Repairs and projects are bid with more than one proposal so the board can compare scope and cost. Vendors are checked for insurance, and contracts can be monitored at the board’s request. Insurance coverage is researched against cost, and a claim is followed from the first notice through closeout. Board training is available. Ask the office what a session for your board would cover.

Financial reporting

Manhattan boards need numbers they can use, not a file with no context. VNYPM’s in-house accounting team handles billing, accounts payable and receivable, collections, bank reconciliation, budgets, forecasts, and monthly statements. Audit and tax work is coordinated with the professionals the building engages. The page on financial management describes management accounting. It is not tax, audit, or legal advice.

Boards can request custom reports and a walkthrough. Collections cover maintenance and common charges, and arrears are reported with the monthly numbers. Association records are kept on multiple servers. Board members can request access to their building’s files. In-house surveys can include photographs, cost projections, and useful-life estimates for a proposed capital budget. That survey is a management tool, not a substitute for the engineer or architect the building hires.

Compliance, in general

New York City buildings answer to a stack of local laws. The details depend on the building’s size, use, and the deadlines that apply to it. A managing agent’s job is to keep that calendar in front of the board, hire and supervise the vendors the board approves, and record what was filed and what is still open. VNYPM does that coordination. It does not replace the building’s engineer, architect, expediter, or counsel.

Local Law 97 sets greenhouse-gas emissions limits for many larger buildings and phases those limits in over time. Boards need to know whether the building is covered, what the next reporting period is, and which capital or operational choices change the result. VNYPM puts those questions on the management agenda and coordinates the professionals who measure and file. The firm does not sell carbon credits and does not promise a particular emissions outcome.

FISP, the Facade Inspection Safety Program, requires periodic close-up inspections of exterior walls for buildings above six stories. The cycle, the filing, and any repair plan belong on the capital calendar, not in a folder no one opens. Other local laws cover periodic inspections and filings that vary by system and by building. VNYPM tracks the ones that apply, with the board, and follows violations through correction. Property inspections in the ordinary management rhythm are at least twice a year, and more often if the client asks.

Switching managers

A Manhattan board that is ready to change managing agents should be able to see the terms before it signs a long relationship. Every new VNYPM management agreement is 30 days from day one. There is no cancellation cost if the board decides to leave. That is the contract offered to new clients. It is not a promise about a contract a building already has with someone else.

The switch starts with a conversation and a walkthrough, then a written proposal. The handover covers records, bank authorities, and open items: ledgers, cash, contracts, insurance, violations, projects, staff, vendors, and the way the board wants to be reached. Residents are introduced to the team, the portal, and the emergency number before the new rhythm is treated as settled. The full sequence is on the switching guide.

If you are a board member or an owner in Manhattan, call the Manhattan office line or the main office, or send a proposal request. The office will tell you how it would take on that building. Building names and street addresses are not listed on this site.

Questions Manhattan boards ask