THE CONDO BOOK PROJECT

First Management Corp.

Named as the first-year managing agent in 3 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
3
Residential units
61
Average fee
$1,243/unit/yr
Years
2007–2023
ManhattanBrooklynQueensBronxStaten Island Star-Lic 2, 5-20 51st AvenueMonarch, 47-05 5th Street10-50 Jackson Avenue Condominium, 10-50 Jackson Avenue

Pro · Advanced analysis

Recent Growth

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

0 buildings accepted in 2024–2026 (2026 to date), against 1 in 2021–2023. 0% of all 3 dated buildings are from the last 3 years.

Year acceptedBuildingsUnits
2026 to date0—
20250—
20240—
202313
20220—
20210—

Latest: Star-Lic 2, accepted May 3, 2023.

Strongest Relationships

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

Sponsor's counsel

Tax consultants

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

Pro

The rest is for subscribers

Subscribe to see the full page, along with the rest of our charts and analysis.

Subscribe to seeAlready a member? Sign in

CondominiumAcceptedUnitsFee/unit/yr
Star-Lic 25-20 51st Avenue · Queens · new construction20233$2,000
Monarch47-05 5th Street · Queens · new construction201621—
10-50 Jackson Avenue Condominium10-50 Jackson Avenue · Queens · new construction200737$486

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.