Orsid Realty
Managing agent — unlicensed in New York State
304 buildings. 1,268 Class C violations. No state license.
PORTFOLIO GEOGRAPHY
304 buildings.
THE PATTERN
Mid-range violation rate.
At 4.2 Class C violations per building, Orsid Realty falls near the industry average. The firm manages 304 buildings with 1,268 total Class C violations. Not the worst — but in an unregulated industry, average is not a defense.
WHAT THIS MEANS FOR BUYERS
Considering a building managed by Orsid?
Orsid Realty is one of the largest managing agents in our dataset at 304 buildings, and their 4.2 per-building violation rate falls slightly below the industry average of 5.0. But Orsid's portfolio reveals a striking geographic split: 203 buildings in Manhattan and 94 in Queens, with minimal presence elsewhere. This two-borough concentration creates effectively two different portfolios operating under one brand, and the violation patterns diverge accordingly.
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 (86 violations) are East Harlem buildings that together account for over 16% of the firm's total violations. The Queens portfolio includes 164-20 Highland Avenue (41 violations) and 84-10 153 Avenue (32 violations). The pattern suggests that Orsid performs well in high-value Manhattan neighborhoods but struggles with buildings in less affluent areas — the same dynamic visible across the industry, but concentrated here across two distinct borough profiles.
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 manages 304 buildings containing an estimated 20,000 units worth of residential real estate — 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 1,268 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 largest 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 5 Avenue | Manhattan | 119 |
| 2 | 1325 5 Avenue | Manhattan | 86 |
| 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 | 418 Central Park West | Manhattan | 36 |
| 8 | 40 University Place | Manhattan | 35 |
| 9 | 84-10 153 Avenue | Queens | 32 |
| 10 | 325 West 45 Street | Manhattan | 30 |
| 11 | 215 7 Avenue | Manhattan | 30 |
| 12 | 175 West 95 Street | Manhattan | 26 |
| 13 | 45 Tudor City Place | Manhattan | 25 |
| 14 | 33 Riverside Drive | Manhattan | 22 |
| 15 | 2260 Broadway | Manhattan | 21 |
| 16 | 41 West 96 Street | Manhattan | 20 |
| 17 | 333 Central Park West | Manhattan | 19 |
| 18 | 175 West 12 Street | Manhattan | 18 |
| 19 | 1360 6 Avenue | Manhattan | 18 |
| 20 | 340 Riverside Drive | Manhattan | 18 |
| 21 | 87-10 51 Avenue | Queens | 17 |
| 22 | 330 Haven Avenue | Manhattan | 17 |
| 23 | 84-09 155 Avenue | Queens | 15 |
| 24 | 660 Columbus Avenue | Manhattan | 14 |
| 25 | 641 Amsterdam Avenue | Manhattan | 14 |
Source: HPD Violations (NYC Open Data). Class C = immediately hazardous.
RIGHT OF REPLY