Business Details
Emergency
services
Your Trusted Property Management Partner in New York City
All Area Realty Services has been a trusted leader in New York City's property management sector for over four decades. Our dedicated team of professionals prioritizes asset protection and maximizing returns for cooperative and condominium owners through specialized expertise and comprehensive resources. We provide full-service property management tailored to each building's unique needs, from daily operations to long-term strategic planning. Our management team works closely with boards to ensure financial stability, regulatory compliance, and efficient building operations. With 24/7 emergency support and a proven track record across 89 buildings and 7,900 apartments, we combine extensive industry experience with personalized service.Our accounting department utilizes advanced systems to ensure accurate financial reporting and timely payment processing. Compliance specialists maintain critical building systems and ensure adherence to all local regulations. Legal experts handle contractual matters and owner arrears according to established policies. Emergency management teams respond promptly to urgent situations, while our brokerage division offers leasing, sales, and marketing support. This integrated approach ensures our clients receive unparalleled service and value in Manhattan's competitive real estate market.
Services
Property Management
Brokerage Services
Compliance Management
Emergency Services
Accounting Services
Leasing Support
Building Maintenance
Legal Compliance
Financial Reporting
Tenant Relations
Highlights and features
- 42 years of specialized experience in NYC co-op and condo management
- 24/7 emergency support with live personnel monitoring
- Dedicated management teams for customized building solutions
- Integrated accounting systems with automated payment processing
- Comprehensive compliance monitoring for all critical building systems
What people say
24/7 emergency support
Knowledgeable staff
Responsive service
Financial expertise
Comprehensive solutions
Services
Property Management
Our comprehensive property management services ensure optimal building performance through daily operations oversight, budget planning, and staff coordination. We handle maintenance requests, vendor management, and regulatory compliance while maintaining open communication with board members. With customized service plans ranging from daily onsite presence to monthly visits, we adapt to each building's specific requirements.
Brokerage Services
Our licensed real estate agents provide expert guidance for property transactions including sales, rentals, and leasing. We offer MLS marketing support, apartment closings, and comprehensive documentation services. Our team ensures smooth transactions through detailed market analysis, professional guidance, and efficient processing of resale and sublease applications with 48-hour board submission guarantees.
Emergency Services
We provide round-the-clock emergency response for critical building issues through our dedicated emergency page system. Our Tier 1 management team handles urgent situations with severity assessment and rapid response protocols. Mechanical emergencies receive priority attention while complex crisis scenarios are managed through our specialized emergency management team comprising department heads and senior staff.
Compliance Management
Our compliance team monitors critical building systems including boilers, elevators, and fire safety equipment to ensure adherence to local regulations. We maintain detailed records of inspections, tests, and certifications while generating regular compliance reports for board review. This department also handles violation documentation and court preparation for regulatory enforcement actions.
Accounting Services
We offer complete financial management solutions including accounts receivable/payable processing, monthly statement generation, and budget preparation. Our integrated systems handle mortgage payments, union dues, and utility billing while minimizing processing delays. The finance team works closely with building boards to ensure accurate financial reporting and timely collection of owner payments through automated payment systems.
People
Tasos Magoulas
CEO
As Chief Executive Officer, Tasos Magoulas oversees all operations and strategic direction for All Area Realty Services. With decades of experience in New York City real estate management, he ensures the company maintains its leadership position through innovative solutions and commitment to excellence.
Eleni Magoulas
COO
Eleni Magoulas serves as Chief Operating Officer, managing day-to-day operations across the company's property portfolio. Her extensive management experience ensures efficient implementation of policies and high standards of service delivery for the company's 89 managed buildings.
Gary Andriotis
Executive Vice President
Gary Andriotis, Executive Vice President, leads technology and infrastructure initiatives at All Area Realty Services. He oversees computer systems, telecommunications, and construction projects that support the company's comprehensive property management solutions.
Questions
What property types do you manage?
We specialize in cooperative and condominium buildings throughout New York City, providing tailored management solutions for residential properties of all sizes.
How does your emergency response system work?
Our 24/7 emergency system connects you with live personnel who dispatch appropriate resources. Critical mechanical issues receive priority attention with typical resolution within several hours.
What sets your property management apart?
Our integrated approach combines financial expertise, compliance specialists, and dedicated on-site teams to create customized solutions that protect and enhance property value.
How do you handle financial reporting?
We provide monthly owner statements with electronic and paper options, maintain accurate financial records, and offer detailed budget planning with 3- and 5-year projections for building systems.
What brokerage services do you offer?
Our licensed agents handle sales, rentals, and leasing with MLS marketing support, apartment closings, and comprehensive documentation services for co-op and condominium transactions.
Reviews (4)
Chuck Wang
Jan 13, 2022
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Incompetent and arrogant. They don't respond to any request and terrible at their jobs. It's freezing in our apartments and I have to request heat every single day to get a little bit like I'm begging them. Try to avoid at all costs.
Fabian D.
Aug 13, 2021
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Extremely professional, quick responding, and a great overall management company. They were fast to deal with any small issues that came up, and I am happy with my experience with them.
Mercy Collazo
Jun 15, 2021
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We have been with All Area for a good 7-8 years now and have been approached by rival companies who have told us to leave and go with them, but firstly we are loyal to those who are to us. All Area has always helped us save where we can. They give us sound advice, which we take and have been able to save a lot of $ through the years because of it. I would highly recommend them, they have an amazing bookkeeping department and the managers are top notch. They always call back, and I have even see the owners get involved. They are a family run business and you can tell. They actually care!
Silent Rage
Jan 07, 2021
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The air conditioner in the lobby has to be run 24 hours every day, otherwise, any resident who turn it off or unplug it will be fine. Besides, the crystal lights in the lobby has to be turned up to the brightest day and night. Coincidently, the monthly common charge has been gone up by 25% from 2015 to 2021 in this year. Another 10% increase is on the way. The entire condominium building is controlled by the only one person, a self-announced president without being approved or voted by all residents here.
The management only listens to any idea from the above person. However, all residents have responsibility to pay for any incurred expense from the substandard and poor quality project. Increasing the common charge and getting the fine are the common ways that the staff know how to manage the building. Therefore, the residential building is managed by fear and threat. If you like democracy, look for a fair and honest realty service or concern your budget, you had better stay away from this one.
The management only listens to any idea from the above person. However, all residents have responsibility to pay for any incurred expense from the substandard and poor quality project. Increasing the common charge and getting the fine are the common ways that the staff know how to manage the building. Therefore, the residential building is managed by fear and threat. If you like democracy, look for a fair and honest realty service or concern your budget, you had better stay away from this one.
