THE CONDO BOOK PROJECT

Direct Management Corporation

Named as the first-year managing agent in 4 New York City condominium offering plans. The board can change managers after the first year, so this may not reflect who manages each building today.

Buildings
4
Residential units
120
Average fee
$392/unit/yr
Years
2021–2026
ManhattanBrooklynQueensBronxStaten Island Roma Condominium, 25-23 Newtown AvenueSiena Condominium, 31-27 Crescent StreetNovo I Lic A/K/A Moderna I Condominium, 37-24 30th StreetNovo Lic, 37-28 30th Street

Pro · Advanced analysis

Recent Growth

Direct Management Corporation's buildings and units by year for the last 6 years, and whether the pace is rising or falling.

1 building accepted in 2024–2026 (2026 to date), against 3 in 2021–2023: down 67%. 25% of all 4 dated buildings are from the last 3 years.

Year acceptedBuildingsUnits
2026 to date127
20250—
20240—
2023128
20220—
2021265

Latest: Roma Condominium, accepted Jan 9, 2026.

Strongest Relationships

The firms named most often on the same buildings as Direct Management Corporation, at least 2 in common.

Developers

  • Park Construction4 shared buildings · 100% of Direct Management Corporation's · 2021–2026
  • Capri Construction3 shared buildings · 75% of Direct Management Corporation's · 2021–2023

Architects

Sponsor's counsel

Sales teams

  • Corcoran4 shared buildings · 100% of Direct Management Corporation's · 2021–2026

Tax consultants

From the same offering plans as the table below. A firm's own affiliates aren't counted.

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CondominiumAcceptedUnitsFee/unit/yr
Roma Condominium25-23 Newtown Avenue · Queens · new construction202627—
Siena Condominium31-27 Crescent Street · Queens · new construction202328—
Novo I Lic A/K/A Moderna I Condominium37-24 30th Street · Queens · new construction202132$203
Novo Lic37-28 30th Street · Queens · new construction202133$582

The fee is the management line of each plan's Schedule B first-year budget divided by its residential units; — means the budget hasn't been read or doesn't break it out. The average fee is across the buildings with a figure. Different spellings of one company's name are counted together.