Here are the Top Property Managers in New York in 2025

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In The Real Deal’s 2025 property management rankings, AKAM continued its upward trajectory amid a year of major industry consolidation and cost pressures. Perhaps most notable was the acquisition of Metro Management Development, which has made the company a formidable force in New York City’s residential management landscape.  

The acquisition, which was completed in February, was a strategic move that significantly expanded AKAM’s portfolio and positioned it to rival other firms in scale. Most importantly, both firms retained their individual brand identities — a reflection of AKAM’s focus on thoughtful growth rather than rapid consolidation. 

“I’m not looking to cut costs by consolidating,” said Ken Greene, CEO of AKAM. “What I’m looking to do is to add — to invest money in programs that add value to a board and property that will lead to economic benefit.” 

Greene noted that Metro’s specialization in Mitchell-Lama properties complements AKAM’s diverse portfolio, strengthening the company’s expertise across a range of property types and ownership structures. 

As the industry continues to evolve — from rising insurance costs and new compliance laws to environmental mandates such as Local Law 97 — property managers are increasingly challenged to deliver value while maintaining operational efficiency. For Greene, AKAM’s scale and expertise have become key advantages. 

“We have an insurance expert and we have an energy expert on staff,” Greene said. “We’re able to get certain expense items lower than most management companies because we’re using our scale.” 

At the same time, AKAM remains committed to supporting well-run, independent firms that share its values and service standards. 

“We’re looking at some of those companies that are really well run, that have built up great reputations and have great founders, and we’d love them to become part of AKAM.” 

Despite industry headwinds, AKAM’s approach continues to center on long-term investment, board partnership, and strategic growth that prioritizes quality over quantity.