At a glance
Firm: Walter & Samuels, Inc. Type: Primarily a commercial real estate firm — office landlord, asset manager, and leasing agent — that also develops residential property and has a track record as a cooperative/condominium converter. It is not, on the available evidence, a general third-party residential co-op/condo managing agent Founded: 1933, by William L. Walter and Frank Samuels Leadership: Chairman David I. Berley, with the firm since 1968 Portfolio (per the firm): Third-party building and asset management plus leasing for more than 3.1 million square feet of commercial office space; the firm also cites more than 30 residential conversions over the past 30 years and a history of managing residential buildings, including affordable senior housing Headquarters: 419 Park Avenue South, 15th Floor, New York, NY 10016 (per the firm's website) Official website: walter-samuels.com — see the site's Contact, Services, and Portfolio sections Status: Active; chiefly a commercial office landlord/manager and residential converter Source: The Roebling Team at Compass — compiled from the firm's published materials and building records on file. July 2026.
Who Walter & Samuels is
Walter & Samuels, Inc. is a New York real estate firm founded in 1933 and led by Chairman David I. Berley. Its published business is chiefly commercial: third-party building and asset management, acquisitions, and leasing across more than 3.1 million square feet of office space. The firm also develops residential property and is, by its own account, one of the city's more active cooperative and condominium converters — it cites more than 30 conversions of (mostly pre-war Manhattan) buildings over the past 30 years, and describes experience managing residential buildings, including government-funded affordable senior housing.
This profile is intentionally brief because Walter & Samuels does not present itself as, and we could not confirm it operating as, a general third-party managing agent for Manhattan cooperatives and condominiums in the way the other firms on this site do. Its residential involvement runs through development, conversion, and ownership rather than a broad book of board-retained co-op/condo management assignments. A buyer or seller is more likely to encounter the Walter & Samuels name in a commercial context, or as the sponsor/developer behind a converted building, than as the day-to-day managing agent answering to a residential board.
Common diligence questions
These are the questions we ask on a buyer's or seller's behalf when the Walter & Samuels name appears on a building. They are prompts for diligence, not claims about this firm's practices — answers vary by building and change over time.
- What is the firm's actual role: Is Walter & Samuels the current third-party managing agent, the sponsor/developer of a converted building, or an owner of commercial or rental space — and who, separately, is the co-op or condominium's managing agent?
- Conversion history and sponsor status: If the building was a Walter & Samuels conversion, are any sponsor-held units, unsold shares, or sponsor obligations still outstanding, and how do they affect the building's finances and board control?
- Commercial and mixed-use interplay: If the building has commercial space, how are shared costs, leases, and any commercial condominium/component allocated, and who controls it?
- Access to financials, reserves, and minutes: What financial statements, current budget, reserve position, and board-meeting minutes will the current managing agent release to a purchaser's attorney, and how quickly?
- Board-package turnaround: Who processes purchase applications for the building, and what is the realistic window from submission to a closing-ready approval?
- 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?
- Certificate-of-insurance (COI) process: What are the current insurance and COI requirements for owners, contractors, and movers, and who must be named as additional insured?
Buying or selling in a Walter & Samuels 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. 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 Walter & Samuels? 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 Walter & Samuels. © 2026 The Roebling Team at Compass.