Orsid Realty
Managing agent — unlicensed in New York State
232 buildings. 1,360 Class C violations. No state license.
PORTFOLIO GEOGRAPHY
232 buildings.
THE PATTERN
Elevated violation rate.
At 5.9 Class C violations per building, Orsid Realty runs higher than several of the large Manhattan-focused firms we've scored. The firm is the HPD managing agent of record for 232 buildings carrying 1,360 total Class C violations, with 145 of those buildings holding at least one. Not the worst — but in an unregulated industry, neither volume nor a recognizable name is a defense.
WHAT THIS MEANS FOR BUYERS
Considering a building managed by Orsid?
Orsid Realty is one of the larger managing agents in our dataset — the HPD managing agent of record for 232 buildings — and its 5.9 Class C violations per building run higher than several comparably sized Manhattan-focused firms. The portfolio is overwhelmingly Manhattan: 196 of the 232 buildings, with a secondary Queens cluster of 28 and only a handful elsewhere. That concentration means the firm-level average is driven almost entirely by Manhattan stock, with a smaller outer-borough cluster behaving differently.
Orsid's Manhattan properties include some of the city's most prominent addresses — Central Park West, Riverside Drive, Tudor City, Greenwich Village. Their top violators, however, tell a different story: 1330 Fifth Avenue (119 violations) and 1325 Fifth Avenue (88 violations) are East Harlem buildings that together account for more than 15% of the firm's total Class C violations. The Queens cluster surfaces several of the next-worst buildings — 164-20 Highland Avenue (41 violations) and 84-10 153 Avenue (38 violations). The pattern suggests that the firm's most hazardous buildings concentrate in less affluent neighborhoods, a dynamic visible across the industry.
If you are considering an Orsid-managed building, the neighborhood within the portfolio matters enormously. An Upper West Side co-op managed by Orsid is a very different proposition from a Jamaica, Queens property managed by the same firm. For any building, request the specific violation history, the most recent financial audit, and the current reserve fund balance as a percentage of the building's replacement cost. The firm-level average can mask wide building-to-building variation.
Look up your specific building in our Building Reports database.
See our guide on offering plan red flags.
Use our 10 questions checklist.
THE REGULATORY VOID
No license. No exam. No oversight.
Orsid Realty is the HPD managing agent of record for 232 buildings containing an estimated 30,000 residential units — and needs no state license to do so. In Florida, a Community Association Manager must pass a state exam, carry a bond, and complete continuing education. In New York, there is no equivalent requirement.
This means there is no government body you can complain to about Orsid's management. No disciplinary board. No public complaint registry. No performance standards. The 1,360 Class C violations across their portfolio — conditions HPD classifies as immediately hazardous to life and health — trigger no regulatory consequence for the managing agent. One of the larger property management firms in New York City operates with no more regulatory oversight than it had when it first opened its doors.
TOP 25 BUILDINGS
Ranked by Class C violations.
| # | Address | Borough | Class C |
|---|---|---|---|
| 1 | 1330 Fifth Avenue | Manhattan | 119 |
| 2 | 1325 Fifth Avenue | Manhattan | 88 |
| 3 | 2 Charlton Street | Manhattan | 70 |
| 4 | 125 West 82 Street | Manhattan | 55 |
| 5 | 240 West 98 Street | Manhattan | 46 |
| 6 | 164-20 Highland Avenue | Queens | 41 |
| 7 | 84-10 153 Avenue | Queens | 38 |
| 8 | 418 Central Park West | Manhattan | 36 |
| 9 | 40 University Place | Manhattan | 35 |
| 10 | 325 West 45 Street | Manhattan | 30 |
| 11 | 215 7 Avenue | Manhattan | 30 |
| 12 | 169 West 95 Street | Manhattan | 26 |
| 13 | 45 Tudor City Place | Manhattan | 26 |
| 14 | 84-09 155 Avenue | Queens | 25 |
| 15 | 1344 1 Avenue | Manhattan | 22 |
| 16 | 149-30 88 Street | Queens | 22 |
| 17 | 33 Riverside Drive | Manhattan | 22 |
| 18 | 219 West 81 Street | Manhattan | 21 |
| 19 | 41 West 96 Street | Manhattan | 20 |
| 20 | 333 Central Park West | Manhattan | 19 |
| 21 | 151-20 88 Street | Queens | 19 |
| 22 | 330 Haven Avenue | Manhattan | 18 |
| 23 | 175 West 12 Street | Manhattan | 18 |
| 24 | 340 Riverside Drive | Manhattan | 18 |
| 25 | 1360 Avenue Of The Amer | Manhattan | 18 |
Source: HPD Violations (NYC Open Data). Class C = immediately hazardous.
RIGHT OF REPLY