Harlem Cooperative Picks Halstead as Property Manager
- Nov 20, 2013
New York—Maple Plaza, a New York City Housing Development Corp. cooperative at 1919 Madison Ave. in central Harlem, has tapped Halstead Management Company LLC to provide property management for the building. This is the first management change for the coop in the better part of two decades.
Located across from the renovated Marcus Garvey Park, and in the Mt. Morris Park neighborhood, Maple Plaza is an eight-story, 155-unit cooperative. The building offers private storage, a common recreation/meeting room, bike storage, parking and a 24-hour concierge.
Maple Plaza was originally developed in the 1990s under a plan by the city and North General Hospital to revive the area around the hospital, which was the neighborhood’s largest employer at the time. Another project in the area, the 135-unit Maple Court, was completed before Maple Plaza. Sparrow Construction Corp., based in the Bronx, developed Maple Plaza.
Halstead currently manages over 18,000 units in the New York City area. In Upper Manhattan, the company also manages Powell Plaza Condominium at 2322 Adam C. Powell Blvd., 479 W. 152nd St., and 88 Morningside Ave., also a condo building.
According to Halstead, a key aspect of managing properties is the broker specialist assigned to each building, who becomes an expert on the building. He or she communicates regularly with the resident owners on the state of the market and recent sales activity in the building, and is available to provide periodic estimates of the current market value of any apartment in the building.