B

Building Equity Management LLC

Corporate Owner

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Agent

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83 Properties

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1457 Units

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3.9(50)
Evictions: 25
Litigation History: Yes
Review Summary for Building Equity Management LLC
Summarized from anonymous rental reviews on openigloo.
Recent tenant feedback indicates that BUILDING EQUITY MANAGEMENT LLC manages a mix of well-maintained buildings with responsive superintendents and clean common areas, particularly in family-friendly and quieter neighborhoods. Positive remarks highlight reasonable rent increases, attentive management, and good security improvements like virtual keys. However, several locations suffer from pest infestations, inconsistent heating, and poor garbage management. Responding to maintenance requests can be slow or unprofessional, leading to tenant dissatisfaction, especially in older or noisier buildings. Package theft and occasional security deposit issues have also been reported. Prospective renters should expect variability in management quality depending on the building and locality.
Available Listings for Building Equity Management LLC
STUDIO:
1 units
1 BED:
1 units
2+ BEDS:
0 units
Open Violations
Only open violations from the last 10 years.
Data last updated 7 days ago.
The average number of violations per unit for this owner/associates across their portfolio is better than the city.
BUILDING AVERAGE:
0.3 violations per unit
NEW YORK CITY AVERAGE:
0.81 violation per unit
flag
Non-hazardous
85
class A
i.e. no peephole on a door, or no street # on the building, unlawful keeping of animals
MOST RECENT:
Jul 26, 2024: § 27-2026 adm code repair the leaky and/or defective faucets at bathtub in the bathroom located at apt 11, 3rd story, 1st apartment from north at east
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flag
Hazardous
240
class B
i.e. smoke detector issues, inadequate lighting, no lighting for stairways
MOST RECENT:
Nov 09, 2025: § 27-2045(b)(1)(b) hmc, § 12-06, § 12-07, § 12-09 rcny repair, replace or provide an approved and operational carbon monoxide detecting device, installed in accordance with applicable law and rules missing in the entire apartment located at apt 2b, 2nd story, 1st apartment from north at east
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flag
Immediately hazardous
109
class C
i.e. rodents, pest, mold, inadequate heat or hot water, defective building parts
MOST RECENT:
Sep 18, 2024: hmc adm code: § 27-2017.4 abate the infestation consisting of roaches in the entire apartment located at apt 21, 5th story, 2nd apartment from south at west
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flag
Missing information/filings
8
class I
Missing or non-compliant with administrative information orders or filings
MOST RECENT:
Nov 17, 2025: §27-2107 adm code owner failed to file a valid registration statement with the department as required by adm code §27-2097 and is therefore subject to civil penalties, prohibited from certifying violations, and denied the right to recover possession of premises for nonpayment of rent until a valid registration statement is filed.
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All Properties Associated with Building Equity Management LLC
Hamilton Heights
401A Convent Avenue, Manhattan, NY 10031
Units • Floors
2(1)
Rent Stabilized Units: Yes
Good Cause Eviction: Yes
Evictions: 0
Litigation History: No
1 Year Bedbug History: No
Lower East Side
325 Rear Broome Street, Manhattan, NY 10002
Units • Floors
0(0)
Rent Stabilized Units: Unknown
Good Cause Eviction: Yes
Evictions: 0
Litigation History: No
1 Year Bedbug History: No
Tribeca
18 Varick Street, Manhattan, NY 10013
324 Units • 9 Floors
0(0)
Rent Stabilized Units: Unknown
Evictions: 0
Litigation History: No
1 Year Bedbug History: No
West Village
75 Bank St, Manhattan, NY 10014
87 Units • 6 Floors
0(0)
Rent Stabilized Units: Yes
Good Cause Eviction: Yes
Evictions: 0
Litigation History: No
1 Year Bedbug History: No

Reviews (50)

2 months ago
Good Location but apartment leaves alot to be desired
Former Tenant
Pros:
good location and quiet in the back apartments
Cons:
for the most part it was relatively pest free in fall/winter but i had ant problems through my fire escape window in the spring, and cockaroaches in the summer.

had packages stolen couple times, intercom system would have package delivery drivers callling me to open door for packages i didnt even receieve.
5 months ago
Studio apt at 114 e 28th
Former Tenant
Pros:
Highish ceilings large studio with huge kitchen and big floor to ceiling window.
Cons:
They were doing construction in the courtyard.
6 months ago
Great apartment building and it is super quiet
Former Tenant
Pros:
Very family friendly
Cons:
it is old
8 months ago
Don't live here - No hot water, dirty, horrible management
Former Tenant
Pros:
Nothing is good about this place except it being LES
Cons:
- No hot water (lived here for only 29 days because of this)
- Inefficent baseboard heating
- High energy bills ($414 for 200 sq ft studio)
- Building manager is a huge bully- his name is Brian Reilly
- Security deposit was not returned despite the manager assuring me he'd process it “right away” once I vacated
- Incompetent and unempathetic super team (when you call about not having hot water they just come over and argue with you)
- Dirty building
Advice to owner:
Hire new management
8 months ago
A great building
Former Tenant
Pros:
Well maintained, quiet prewar building in a great location. Lived in the apartment for multiple years with no problems. Door intercom was updated while I was living here.
Cons:
The neighboring building would do maintenance on outdoor AC units outside the bedroom windows in the summer that would be noisy. Having workers right outside my bedroom windows meant I couldn't open my blinds during the day.
Over 1 year ago
I’d probably recommend
Former Tenant
Pros:
Rather clean building with great garbage maintenance
Cons:
Exterminators would not show up
Over 1 year ago
Great apartment
Former Tenant
Pros:
Clean, quiet, new appliances
Cons:
No openness to negotiating long term leases and over 10% annual price hikes
Over 1 year ago
Simple and sweet
Former Tenant
Pros:
Good location and no insects.
Cons:
Super was slow to fix things.
Over 1 year ago
Stay away! Run!
Former Tenant
Pros:
Location, location, location!
Cons:
The management team is HORRIBLE and not responsive!
Advice to owner:
Do your job. Fix problems in a timely manner! Not 18 months after the issue began!
Over 1 year ago
Overpriced, Old, Unsafe
Former Tenant
Pros:
Big apt for the village
Cons:
Poor water pressure, loud street, concerns about lead paint, concerns about pest infestations, no closets, apt was not cleaned for move in
Advice to owner:
How can you overcharge when there are over 40 complaints against this building??
Over 1 year ago
BEM is the BEST
Former Tenant
Pros:
- Responsive Super
- Clean common areas
- Virtual door key/package cage
- Reasonable rent increases
- Really wonderful management company
Cons:
A few of the neighbors had a loose relationship with general "quiet" hours, ie: blasting music in the middle of the night. However, management was incredibly responsive and we felt they were managing it the best they could.
Advice to owner:
Keep doing what you are doing! We miss BEM :)
Over 1 year ago
Decent Old School Building in Little Italy
Former Tenant
Pros:
Great location and nice neighbors, many of whom have lived there for decades.
Cons:
Building is old and worn around the edges. The neighborhood is very loud given the tourist area. Also issues with package theft given high traffic area.
Over 2 years ago
Fair Management building
Former Tenant
Pros:
Unique layout of each unit. Fair rent in the neighbor.
Cons:
Management response sometime is slow. The basement for the laundry can be upgraded.
Advice to owner:
Management response sometime is slow. The basement for the laundry can be upgraded.
Over 2 years ago
Hopefully new management is better
Former Tenant
Pros:
Great location in soho
Cons:
There was a rodent problem under old management//Spring 2023
Over 2 years ago
Gorgeous Spacious Luxury
Former Tenant
Pros:
Clean Location
Finishes
Cons:
Virtual Doorman not perfect
Advice to owner:
Better appliance repairs please!
Over 2 years ago
great location in west village
Former Tenant
Pros:
felt safe on a busy street
Cons:
tight walk up
Over 2 years ago
Do not move here
Former Tenant
Pros:
Water pressure is good
Cons:
So many packages stolen, rodents, smells terrible, not maintained, trash everywhere, management does not care and ignores messages
Advice to owner:
Leave the property management business you are completely incompetent
Over 2 years ago
Lovely building, much improved with new management
Former Tenant
Pros:
Close to the park and well maintained
Cons:
No laundry in the building
Over 2 years ago
Great Place, Low Light
Former Tenant
Pros:
Very spacious with a good vibe. Knockout location.
Cons:
Light is limited.
Over 2 years ago
All about the location
Former Tenant
Pros:
Only 2 units.
Relatively new finishes.
Cons:
No washer, dryer.
Smoke from smokers waiting for the restaurant downstairs comes through the AC.