Orsid New York

At a glance

Firm: Orsid New York (formerly Orsid Realty Corp.) Founded: 1955, by Albert Etingin (per the firm's own account); the second-generation principal Maks Etingin later led the firm's move into cooperative management, and Neil Davidowitz has driven its modern-era operation Headquarters: New York, NY Focus: Third-party residential management with a cooperative-heavy heritage, alongside condominiums and rental buildings; per the firm's public materials it operates exclusively as a third-party manager (it is not an owner-operator) Scale (per the firm's public materials): A staff of roughly 120 and a portfolio of close to 200 cooperatives, condominiums, and rental buildings — a mid-to-large Manhattan-focused manager rather than a national platform Current corporate status: Public announcements describe Orsid being acquired by / partnering with AKAM, forming one of the larger residential management groups in New York and Florida; Orsid continues to operate under its own brand within the AKAM group. Verify the current corporate picture, as it is recent and evolving. Official website (secondary): orsidny.com · public contact page: orsidny.com/contact

Who Orsid New York is

Orsid New York is a Manhattan-focused residential manager with a long institutional history. The firm traces its founding to 1955 as Orsid Realty Corp. and built much of its reputation managing older, established cooperatives — the second generation of the founding family led the move into co-op management, and later leadership modernized the operation into what is now branded Orsid New York. It describes itself today as an exclusively third-party residential manager, meaning it manages buildings on behalf of boards rather than owning or developing them.

In recent announcements, Orsid was acquired by and partnered with AKAM, joining a larger New York–and–Florida management group while continuing to operate under the Orsid name. For a buyer or seller, that lineage cuts two ways worth understanding: Orsid carries a long track record with prewar and postwar cooperatives and a reputation as a relationship-driven co-op manager, while the recent combination with a larger platform introduces the usual questions that follow any management-company consolidation — continuity of the assigned property manager, back-office and technology changes, and whether service levels hold. Orsid's buildings in our database are established, full-service properties, and the practical guidance is to confirm the current managing agent of record and the assigned manager directly rather than relying on an older document.

Common diligence questions

These are questions a buyer, seller, or attorney should ask about any building — they are not judgments about how Orsid performs, which varies building to building.

• Board-package turnaround and application processing: What is the current typical timeline from a complete board package to interview and to a board decision, and what application or processing fees apply?
• Access to financials, reserve studies, and minutes: How quickly can a buyer's attorney obtain audited financial statements, the current budget, any reserve study, and recent board-meeting minutes, and are there charges for the diligence package?
• Managing-agent responsiveness and staffing model: Who is the assigned property manager, and is the building served by on-site staff (resident manager, doorman, porters) or primarily off-site? What is the escalation path, and has the assigned manager changed following the AKAM combination?
• Closing, waiver, and move-in handling: How are board consents or right-of-first-refusal waivers, closing coordination, and move-in scheduling handled, and what fees or deposits apply?
• Special assessments and capital projects: Are any assessments in effect or contemplated? What major capital projects (facade/Local Law 11, elevators, roof, mechanicals) are planned or underway, and how are they funded?
• Flip-tax administration: If the building has a transfer fee, how is it calculated and collected at closing, and who confirms the figure in advance?
• Certificate-of-insurance process: What are the building's COI requirements and turnaround for contractors, movers, and vendors, and how are alteration agreements administered?

The Roebling Team

We publish management-company profiles because the managing agent shapes much of the lived experience of ownership — how fast a board package moves, how diligence documents are produced, and how capital projects and assessments are handled. Orsid's long co-op history and its recent combination with AKAM both matter to that experience, and we bring building-specific context to every transaction rather than relying on the firm's name alone.

Buying or selling in a building managed by Orsid New York? 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 Orsid New York. © 2026 The Roebling Team at Compass.