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M

Merchants Properties Inc

Corporate Owner·11 buildings·128 units
4.0

3 reviews

Highlights

No
Evictions
3
Litigation cases

About Merchants Properties Inc

Merchants Properties Inc is a mixed-profile corporate owner. Across their buildings, tenants rate them 4.0/5 across 3 reviews, with 100% recommending their buildings and 100% approving of them as an owner or associate. Their portfolio records 0 evictions, 107 open violations, and 3 litigation cases. Data last updated September 8, 2026. Across the Lower East Side, Greenpoint, Tribeca, Greenwich Village, Soho, Nolita, NoMad, and Chelsea in Manhattan and Brooklyn, Merchants Properties INC is a corporate owner associated with 11 buildings and 128 units. The portfolio spans multiple neighborhoods across Manhattan and Brooklyn. The buildings were constructed in a range spanning from the 1840s to the 2000s, showcasing various architectural styles and periods. The portfolio is primarily mid-rise, offering a diverse living environment. Approximately 45 percent of the associated buildings have rent-stabilized apartments. Renters can review each building's ratings, reviews, and public records on its own page.

Renter recommendations

-%

Renters recommend associated buildings

-%

Renters approve of this owner or associate

Building photos

Review summary

Summarized from anonymous rental reviews on Openigloo.

Recent tenant feedback for buildings managed by MERCHANTS PROPERTIES INC indicates generally responsive and attentive management, with superintendents praised for their helpfulness. Cleanliness and garbage management receive solid marks, though some older buildings show signs of wear, such as minor pest issues and outdated interiors. Heating systems mostly function well but can occasionally be inconsistent. Water pressure has been noted as weak in certain locations. Residents appreciate quiet environments and friendly neighbors, contributing to a positive living atmosphere. Overall, tenants find MERCHANTS PROPERTIES INC reliable and recommend their buildings, especially valuing prompt owner responsiveness and responsible upkeep.

Reviews

Former tenant·8 minutes ago

Fine enough for LES

Pros

Elevator and package room

Cons

Mini cockroaches and bad water pressure

Former tenant·Over 2 years ago

Great building for all ages

Pros

No complaints- no frills, but clean, responsive super, friendly neighbors.

Cons

Heat was too hot in the winter- typical for NYC.

Buildings associated with MERCHANTS PROPERTIES INC

  • 24 Clinton Street
    Rent-stabilized

    24 Clinton Street

    3.6(1)

    Lower East Side

  • 201 W 107 St
    Rent-stabilized

    201 W 107 St

    4.4(2)

    All Upper West Side

  • 219 West   23 Street
    Good cause

    219 West 23 Street

    Chelsea

  • 46 Lispenard Street

    46 Lispenard Street

    Tribeca

24 Clinton Street
Rent-stabilized

24 Clinton Street

3.6(1)

Lower East Side

201 W 107 St
Rent-stabilized

201 W 107 St

4.4(2)

All Upper West Side

219 West   23 Street
Good cause

219 West 23 Street

Chelsea

46 Lispenard Street

46 Lispenard Street

Tribeca

Building ratings

Cleanliness

-

Trash management

-

Pest control

-

Water pressure

-

Heat

-

Neighbors

-

Noise levels

-

Owner responsiveness

-

Cleanliness

-

Trash management

-

Pest control

-

Water pressure

-

Heat

-

Neighbors

-

Noise levels

-

Owner responsiveness

-

Rents and deposits

-

Renters received their security deposits back

-

Electronic rent payments

Open violations

From past 10 years · Updated 5 days ago

Average violations per unit for this owner or associate is worse than the city average.

Owner average0.83Violations per unit
NYC average0.81Violations per unit
31Class C
Immediately hazardous

Rodents, pest, mold, inadequate heat or hot water, defective building parts

33Class B
Hazardous

Smoke detector issues, inadequate lighting, no lighting for stairways

18Class A
Non-hazardous

No peephole on a door, no street number on the building, unlawful keeping of animals

25Class I
Missing info

Missing or non-compliant with administrative information orders or filings

FAQs

Merchants Properties INC has an average tenant rating of 4.0 out of 5 across 3 reviews.

Buildings managed by Merchants Properties INC average 0.83 open violations per unit, more than the citywide average of 0.81.

100% of tenants who reviewed buildings managed by Merchants Properties INC would recommend living there.

Merchants Properties INC has no recorded evictions across their portfolio.

Merchants Properties INC has not appeared on the NYC worst landlords list.

100% of tenants who reviewed a building managed by Merchants Properties INC approve of how it is run.

Merchants Properties INC owns or manages 11 buildings totalling 128 units.

M

Merchants Properties Inc

Corporate Owner·11 buildings·128 units
4.0

3 reviews

Follow us

For renters

Apartments for rent in NYCRenting tips and resourcesVerified apartment listings in NYCBuildings and owners in NYCOwners in NYCNYC market analysis reports

For landlords

iglooIQListings quality policy

Trending neighborhoods

Apartments in AstoriaApartments in Bedford-StuyvesantApartments in BushwickApartments in ChelseaApartments in Financial DistrictApartments in SohoApartments in Upper East SideApartments in Upper West SideApartments in West VillageApartments in Williamsburg

NYC boroughs

Apartments in BronxApartments in BrooklynApartments in ManhattanApartments in QueensApartments in Staten Island

2-bedroom apartments

2-bedroom apartments in Bronx2-bedroom apartments in Brooklyn2-bedroom apartments in Manhattan2-bedroom apartments in Queens2-bedroom apartments in Staten Island

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© 2026 Openigloo Inc. All rights reserved.