Brown Harris Stevens Residential Management

At a glance

Firm: Brown Harris Stevens Residential Management, LLC (BHS Residential Management) Role: Managing agent for cooperative and condominium buildings — the property-management arm of Brown Harris Stevens, distinct from the BHS residential brokerage Corporate parent: Terra Holdings, LLC (the same ownership group that houses the Brown Harris Stevens brand) Office: 770 Lexington Avenue, 4th Floor, New York, NY 10065 Reported scale: The firm states it manages more than 185 buildings and over 11,000 residences (per its own website) Official website: bhsmanagement.com · Contact page What this page is: A research and diligence reference — building profiles and questions for buyers and sellers, not a directory of staff or phone extensions

Who Brown Harris Stevens Residential Management is

Brown Harris Stevens Residential Management is the managing-agent business that sits alongside the Brown Harris Stevens brokerage under Terra Holdings. It is useful to keep the two arms separate: the brokerage lists and sells apartments, while the management company acts as the building's third-party managing agent — running operations, staffing, budgeting, financial reporting, and board support for the co-op corporations and condominium boards that retain it.

The firm markets itself on an owner's-eye approach to management, and its portfolio skews toward established Manhattan co-ops and condominiums, including a number of Fifth Avenue, Park Avenue, and downtown buildings. Its stated portfolio — more than 185 buildings and 11,000-plus residences — places it among the larger managing agents active in the borough, though building assignments change over time as boards put management contracts out to bid.

For a buyer or seller, the practical point is that BHS Residential Management is an institutional managing agent: you should expect established board-package and financial-reporting processes, but you should still confirm the specific building's current agent, staffing model, and policies rather than assume them from the firm's overall reputation.

Common diligence questions

These are questions to raise with the board, managing agent, and your attorney — not judgments about the firm. The answers vary building by building, even under the same managing agent.

• Board-package turnaround: How long does this building's managing agent typically take to acknowledge a completed board package and schedule an interview or (for condos) process the waiver of right of first refusal?
• Access to financials, reserves, and minutes: How quickly can your attorney obtain the current audited financial statements, the reserve-fund position, and recent board-meeting minutes for review?
• Responsiveness and staffing model: Is there an on-site resident manager and staff, or is the building run primarily off-site? Who is the assigned property manager, and what is the escalation path for building issues?
• Closing, waiver, and move-in handling: How does the agent coordinate the closing, the condo waiver or co-op consent, and move-in scheduling, deposits, and rules?
• Assessments and capital projects: Are there current or anticipated assessments, and what major capital projects (facade/Local Law 11, elevators, mechanicals, roof) are underway or planned?
• Flip-tax administration: If the building has a flip tax (transfer fee), how is it calculated, who pays it, and how is it collected at closing?
• Certificate of insurance (COI) process: What are the agent's COI requirements and lead times for movers and contractors, and how are alteration agreements handled?

The Roebling Team

Buying or selling in a building managed by Brown Harris Stevens Residential Management? Request building-specific guidance →

Corey Cohen, Principal · The Roebling Team at Compass 646.939.7375 · c.cohen@compass.com

Management-company assignments, building policies, contacts and procedures can change. Buyers and sellers should verify current information with the building, managing agent, board materials, and counsel. This page reflects publicly available information and building records on file; The Roebling Team at Compass does not represent Brown Harris Stevens Residential Management. © 2026 The Roebling Team at Compass.