Business Details
Expert Property Management Services in New York
We are a fully integrated real estate management and investment company with over 100 years of combined experience among our four principals. Our expertise spans property management, affordable housing, asset management, and consulting, serving clients across New York City and surrounding counties. We are approved by the New York City Housing Authority as a Pre-Qualified Partner and by the NYC Department of Housing Preservation & Development as a Qualified Property Manager. Our team manages over 6,000 apartments, with half designated as affordable housing, utilizing advanced accounting systems and a dedicated staff to ensure efficient operations. We handle all aspects of property management, including maintenance, legal services, and compliance, while maintaining a commitment to community engagement and non-discrimination.Our in-house legal team and partnerships with experienced contractors ensure proactive problem-solving and adherence to industry standards. We specialize in tax credit compliance, marketing plans for subsidized housing, and customized reporting for investors, reflecting our dedication to transparency and excellence. Our principals bring decades of experience in real estate acquisition, syndication, and development, ensuring a strategic approach to property management. We prioritize tenant satisfaction through streamlined processes, including online rent payment options and comprehensive certification programs. Our mission is to deliver reliable, ethical, and innovative real estate solutions while fostering sustainable communities.
Services
Property Management
Affordable Housing
Accounting
Maintenance
Legal Services
Highlights and features
- We offer 100+ years of combined real estate expertise across management and development.
- Our team manages 6,000+ apartments, including specialized affordable housing programs.
- We are certified by NYCHA and NYC HPD for quality property management standards.
- Our in-house legal and compliance teams ensure proactive issue resolution.
- We implement advanced accounting systems and customized reporting for transparency.
Associations and certifications
- New York City Housing Authority (NYCHA)
- NYC Department of Housing Preservation & Development (HPD)
Services
Property Management
We manage over 6,000 apartments across New York, providing comprehensive property management services. Our team handles maintenance, compliance, and tenant relations, ensuring efficient operations. Advanced accounting systems and detailed reporting support owners in tracking property performance.
Affordable Housing
Our affordable housing expertise includes compliance with IRS Section 42 and HUD guidelines. We assist developers from planning to certification, ensuring quick rent-up and adherence to tax credit regulations. Customized marketing plans and lottery management maximize occupancy rates.
Accounting
We utilize Yardi software for accurate accounting, including rent collection, vendor payments, and payroll. A lock-box system enhances security and fund accessibility. Monthly reports provide owners with clear insights into property financial health.
Maintenance
Our staff coordinates with local contractors for timely, cost-effective repairs. Computerized tracking ensures transparency and accountability. Regular maintenance minimizes vacancies and maintains property value through proactive issue resolution.
Legal Services
In-house paralegals and partner law firms handle landlord-tenant litigation. Computerized tracking documents legal proceedings, ensuring compliance with court requirements. This integrated approach reduces disputes and streamlines resolution processes.
People
Joel M. Gendels
Co-Founder and CEO
Graduate of Cornell University with 40+ years in real estate management. Former Federal Receiver for the Southern District of NY/NJ. Licensed broker and member of Bronx-Manhattan Association of Realtors.
William R. Stanley
Chief Operating Officer
25+ years in real estate acquisition and management. Former investment banker at Bear Stearns & Co. Holds economics degree from Harvard and MBA in Real Estate from Columbia.
Nicholas P. Lindsay-Jones
Chief Commercial Officer
Joined in 2007 after teaching in Spanish Harlem. Masters in Education from Bank Street Graduate School. Focuses on affordable housing and community development initiatives.
Celeste Vasquez
Senior Vice President Operations
Started as clerical employee in 1994, earned certifications in property management. Leads compliance programs and implements safety initiatives like lead testing for vacant units.
Samuel Acheampong
Director of Finance
Certified Low-Income Housing Tax Credit Compliance Specialist. Former accountant at Buchbinder Tunick & Co. Manages public fund and real estate accounting operations.
Questions
What services does Cornell Pace offer?
We provide property management, affordable housing compliance, accounting, maintenance, and legal services for residential and commercial properties in New York.
How does Cornell Pace handle affordable housing compliance?
We follow IRS Section 42 and HUD guidelines for certifications, re-certifications, and tax credit compliance. Our team attends specialized training to maintain up-to-date practices.
Can I pay rent online?
Yes, tenants can pay rent online via bank transfer at no cost or by credit card with a fee.
Which areas do you serve?
We manage properties in Manhattan, Brooklyn, Bronx, Queens, and surrounding counties including Westchester, Nassau, Rockland, and Dutchess.
Are your property management practices certified?
We are approved by NYCHA as a Pre-Qualified Partner and by NYC HPD as a Qualified Property Manager for compliance excellence.
