Choice New York Companies

Background

Founded in 2009, Choice New York Companies has established itself as a leading property management organization in the New York City metropolitan area. The company's mission is to deliver superior customer service to both property owners and residents, managing over 250 buildings and serving more than 15,000 residents.

Key Strategic Focus

Choice New York Companies specializes in comprehensive property management services, including residential multi-family, condo-coop, mixed-use, and commercial building management. The company also offers building staffing services such as concierge, doorman, superintendent, porter, and janitorial services through Choice New York Staffing. Additionally, Home By Choice provides brokerage sales and leasing services to building owners.

Financials and Funding

As of the latest available data, Choice New York Companies has an estimated annual revenue of approximately $8.9 million, with a revenue per employee of $135,000. The company employs around 66 individuals.

Technological Platform and Innovation

Choice New York Companies integrates property technology solutions to enhance user experiences for residents, building owners, and employees. The company has a history of adopting innovative technologies to improve operational efficiency and service quality.

Leadership Team

Michael P. Feldman: Co-Founder & Chief Executive Officer. Mr. Feldman focuses on client procurement, business acquisitions, leadership, and training of the company's professionals. He is a licensed real estate broker in New York and New Jersey.

Adam Lichtenstein: President. Mr. Lichtenstein has experience in property management, asset management, finance, operations, and acquisitions. He oversees various aspects of the company's operations, including property management, staff oversight, and business development.

Damien Stein, Esq.: Chief Strategy Officer & General Counsel. Mr. Stein joined Choice New York in 2018, bringing expertise in real estate, structured finance, and portfolio management. He holds a Bachelor of Science degree from New York University and a Juris Doctorate from the Benjamin N. Cardozo School of Law.

Drew Donovan, CPA: Chief Operating Officer. Mr. Donovan joined the company in 2016 as Director of Accounting. He has experience in construction accounting and financial management, overseeing financial analysis, budgeting, and payroll.

Thomas Sussewell: President of Goldin Choice Management. Mr. Sussewell has expertise in real estate management, business operations, commercial mortgage brokerage, and project management. He holds a BS degree from NYU Stern and an MBA from Baruch College.

Kevin Kurland: President & Licensed Real Estate Broker of Home by Choice. Mr. Kurland co-founded Home by Choice, leveraging his experience in building and operating real estate brokerages over the past 26 years.

Shaun Lue: Senior VP of Accounting & Portfolio Controller. Mr. Lue joined the company in 2016, overseeing the company's accounting operations, including financial reporting and regulatory compliance. He holds a B.A. in Accounting and Economics.

Stephanie Knight: Director of Leasing & Senior VP of Compliance. Ms. Knight joined Choice New York in 2018, bringing experience in managing commercial and residential properties throughout New York City. She holds a degree from CUNY New York City College of Technology.

Dawn Dickstein, CPA: Senior Account Executive. Ms. Dickstein has nearly 25 years of experience in property management, including 10 years as a principal in her own firm. She holds a BS in Accounting from USC and an MBA in Finance from Columbia University.

Chimudi Egbuna, CPA: Corporate Controller. Mr. Egbuna joined the company in 2020, responsible for financial accuracy, reporting, budgeting, and financial analysis. He holds an MBA in Accounting and Accounting Information Systems from Canisius College.

Robyn Telepun: HR Manager. Ms. Telepun has over 20 years of experience in human resources, assisting organizations with compliance, compensation, training, engagement, and strategy.

Competitor Profile

Market Insights and Dynamics

The property management industry in New York City is highly competitive, with numerous firms offering a range of services to property owners and residents. The market is characterized by a demand for comprehensive management solutions, including staffing, leasing, and maintenance services.

Competitor Analysis

Key competitors in the New York City property management sector include:

Sage Realty Corporation: Offers property management and leasing services, focusing on commercial properties in New York City.

Busy Bee Cleaning Service: Provides cleaning and maintenance services for residential and commercial properties, emphasizing eco-friendly practices.

Gear Patrol: While primarily a media company, Gear Patrol has ventured into real estate services, offering property management solutions.

Strategic Collaborations and Partnerships

Choice New York Companies has expanded its services through strategic partnerships and acquisitions. In 2013, the company co-founded Staffing by Choice, offering personnel solutions to enhance building-level operations. In 2019, Home by Choice was established to cater to the needs of New York City property owners.

Operational Insights

The company emphasizes consistency in its foundational operations, including streamlined procurement practices and strong vendor relationships. By implementing rigorous vendor vetting processes and fostering collaborative partnerships, Choice New York delivers consistent value to its clients.

Strategic Opportunities and Future Directions

Choice New York Companies aims to grow in areas such as affordable housing and new construction projects, particularly leveraging the 421-a tax abatement program for new developments. The company remains committed to adapting and innovating in response to industry trends and client needs.