At a glance
Firm: Midboro Management (Midboro Management, LLC) Type: Manhattan co-op and condominium managing agent — full-service residential property management Founded: 1963, New York City — one of the older continuously operating Manhattan co-op/condo managers Longtime leadership: Michael Wolfe, President Current status (read this): In January 2021, Midboro Management was acquired by FirstService Residential, and, per the firm's public notices, the Midboro name changed to FirstService Residential effective June 1, 2021. Michael Wolfe retained a minority interest and continued to run day-to-day operations at the transition. Buildings historically managed by Midboro are now serviced under the FirstService Residential platform — confirm the current agent of record building by building. Scale at acquisition: Reported at roughly 15,000 units across more than 150 co-op and condo properties in New York City Headquarters: Historically 333 Seventh Avenue, 5th Floor, New York, NY 10001; the firm's current notices direct board applications and related fees to FirstService Residential, 622 Third Avenue, 15th Floor, New York, NY 10017 Official website / contact: midboro.com (legacy Midboro site, now branded FirstService Residential); platform site at fsresidential.com/new-york Source: The Roebling Team at Compass — compiled from the firm's public notices, published trade/press coverage, and building records on file. July 2026.
Who Midboro Management is
Midboro Management was founded in 1963 and became one of New York's longer-standing residential managing agents, building a portfolio of pre- and post-war cooperatives, condominiums, and rentals across Manhattan and Queens under longtime President Michael Wolfe. In its independent years the firm was recognized in co-op/condo trade press (including as a top mid-sized New York management company by The New York Cooperator).
The important status point for any buyer or seller today: Midboro was acquired by FirstService Residential in January 2021, and the firm's own notices state that the Midboro name changed to FirstService Residential effective June 1, 2021. Michael Wolfe retained a minority equity interest and stayed on to run operations through the transition. In practice this means a building you may still know or see referenced as "Midboro-managed" is now serviced under the FirstService Residential platform. The legacy Midboro website now carries FirstService Residential branding and routes board applications and fees to a FirstService Residential office. This is exactly the kind of change diligence should confirm — the current agent of record, current contacts, and current submission procedures — rather than relying on older listings or building records.
A lineage note that appears in our building files: at the 1979 conversion of 200 East 74th Street, the offering plan on file lists J. G. Haft & Co. Inc. as the selling and managing agent, with Midboro the later agent of record. We flag that as building-specific history from the primary document, not a corporate-continuity claim about the firms.
Common diligence questions
These are the questions we ask on a buyer's or seller's behalf when a building is (or was) managed by Midboro. They are prompts for diligence, not claims about the firm's practices — answers vary by building and change over time, and the FirstService Residential transition makes confirming current procedures especially worthwhile.
- Current agent of record: Is the building now serviced under FirstService Residential, and who is the assigned property manager and office contact today?
- Board-package turnaround: How long is management currently taking to review a completed purchase application and schedule a board interview, and what is the realistic window from submission to a closing-ready approval — and where must the package now be submitted?
- Access to financials, reserves, and minutes: What financial statements, current budget, reserve position, and board-meeting minutes will management release to a purchaser's attorney, and how quickly?
- Responsiveness and staffing: How is on-site staffing structured (resident manager/superintendent, doorman/concierge coverage) versus what is handled off-site at the management office?
- Closing, waiver, and move-in handling: How does the agent process the recognition/waiver of the right of first refusal, closing scheduling, and move-in coordination, including any deposits, fees, and required lead time?
- Assessments and capital projects: Are any current or anticipated capital assessments, Local Law 11/facade, elevator, or mechanical projects on the books, and how are they being funded?
- Flip-tax administration: If the building has a flip tax (transfer fee), how is it calculated and collected at closing, and who is responsible for it under the building's rules?
- Certificate-of-insurance (COI) process: What are the current insurance and COI requirements for shareholders/owners, contractors, and movers, and who must be named as additional insured?
Buying or selling in a Midboro building?
We publish management-company profiles because the managing agent shapes the parts of a transaction a buyer or seller actually feels — how fast a board package moves, what the financials disclose, and how a closing gets scheduled. With Midboro's transition to FirstService Residential, confirming the current agent and procedures matters more than usual. The Roebling Team at Compass tracks Manhattan's co-op and condo inventory building by building and brings that context to every deal.
Buying or selling in a building managed by Midboro 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 Midboro Management. © 2026 The Roebling Team at Compass.