The Moinian Group: A Real Estate Overview for NYC

The Moinian Group Introduce

When navigating the diverse and competitive real estate market in New York City, it is crucial to be well-informed about the firms that shape the urban landscape. The Moinian Group is a prominent real estate entity in New York, known for its extensive portfolio of residential, commercial, and mixed-use properties. Founded in 1982 by Joseph Moinian, the company has grown to become one of the largest privately held real estate firms in the United States, with a significant footprint not only in New York but also in other major cities. They are recognized for their involvement in developing and owning properties across a variety of asset categories, including office, hotel, retail, condos, and rental apartments.

The Moinian Group's approach to real estate is centered on a long-term vision, often pioneering development in emerging neighborhoods such as Downtown and the Far West Side of Manhattan. Their portfolio includes state-of-the-art, aesthetically distinguished properties that aim to provide a blend of luxury living and modern office spaces. This dedication to development has made them a notable player in New York's ever-evolving urban environment. While they are a major developer, it's important for potential tenants and partners to understand their role not just as builders but also as managers of their properties, a key function that directly impacts the tenant experience.

The company has been an active developer in the city for decades, with a focus on creating new living and working environments. They have been involved in the development of projects that have transformed neighborhoods and enhanced property values. Their history as both owners and operators of their buildings gives them a unique position in the market. They are involved in the full lifecycle of a property, from the initial concept and construction to the day-to-day management. This hands-on approach is meant to provide a cohesive and high-quality experience for their tenants and clients, from the initial leasing process through their tenancy.

The Moinian Group's headquarters is located at a prestigious address: 3 Columbus Circle, 26th Floor, New York, NY 10019, USA. This location places them in a prime spot in Midtown Manhattan, at the junction of Columbus Circle, Broadway, and 8th Avenue. This central and highly accessible location is a testament to their prominent role in the city's real estate industry.

The building is a well-known landmark and is easily accessible via numerous transportation options. Columbus Circle is a major transit hub, with direct access to the 1, A, B, C, and D subway lines. The proximity to these lines makes it convenient for anyone in the five boroughs to reach the office. The area is also a major destination for buses and is a short walk from Central Park and major cultural institutions, making it an ideal meeting point for business and personal dealings. The location on the 26th floor provides a vantage point over one of New York's most iconic circles, reflecting the company's significant presence in the city.

The Moinian Group, as a large-scale real estate owner and operator, offers a broad spectrum of services related to its portfolio of properties.

Services Offered:

Residential Property Management: Managing a portfolio of luxury rental apartments and condominiums, including services related to leasing, tenant relations, and building maintenance.
Commercial Property Management: Overseeing a wide range of office, retail, and hospitality spaces, providing services for corporate tenants and businesses.
Residential Leasing: Assisting prospective tenants with finding and leasing apartments within their managed residential buildings.
Commercial Leasing: Facilitating the leasing of office and retail spaces for businesses seeking to establish or expand their presence in their commercial properties.
Development and Construction: Leading the development of new buildings and large-scale projects from conception to completion.
Real Estate Investment: As a privately held firm, they are involved in the investment and acquisition of properties across various asset classes.

Their services are integrated to manage the full lifecycle of their real estate holdings, which is a common practice for large owner-operator firms.

The Moinian Group is a significant player in the New York real estate market, and several aspects define their business.

Features / Highlights:

Diverse Portfolio: The group's portfolio spans over 20 million square feet across residential, commercial, and hospitality properties, providing a wide range of options for tenants and businesses.
Pioneering Development: They are known for being pioneers in the development of emerging neighborhoods in New York, helping to transform areas of the city.
Central Location: Their office at Columbus Circle provides a prominent and easily accessible hub for their operations and client interactions.
Integrated Model: As a developer, owner, and operator, they manage their properties from the ground up, providing a unique vertical integration in the real estate market.
Long-Term Ownership: Their strategy of owning and operating their properties for the long term shows a commitment to the sustained value and quality of their assets.

For more information or to inquire about their listings, you can contact The Moinian Group using the information below.

Contact Information:

Address: 3 Columbus Cir 26th Floor, New York, NY 10019, USA

Phone: (212) 808-4000

When considering a real estate partner, especially for renting or leasing in New York City, it is essential to consider the reputation and track record of a firm. Public reviews from tenants provide a view into the day-to-day experience of living in or leasing from a company. Some reviews from customers express dissatisfaction with the property management aspect of The Moinian Group, citing issues with responsiveness and the resolution of tenant concerns. For example, some tenants mention having to take legal action to get maintenance and repairs done. These reviews suggest that a tenant's experience with the company's management may not meet expectations for a luxury property.

The decision to live in a building managed by The Moinian Group, or any firm, should be made with a full understanding of their reputation for tenant relations. While the firm has a notable history of developing iconic buildings and a substantial portfolio, a separate consideration is the level of customer service and property management provided after a lease is signed. For a potential resident or commercial tenant, the long-term relationship with the management firm is as important as the physical property itself. Therefore, it is worth weighing the company's impressive development history against the documented experiences of tenants who have dealt with their management division.

The Moinian Group Photos

The Moinian Group Location

The Moinian Group

New York New York County New York Columbus Circle

3 Columbus Cir 26th Floor, New York, NY 10019, USA

The Moinian Group Reviews

If I could give them less than 1 star I would. This is absolutely the worst real estate management firm I have EVER had at an NYC apartment building. The management office is next to non-responsive and provides little to no help on any tenant concerns. After 6 months (FEB-AUG) of following up on utility issues via phone and email, I have still not had any assistance or resolution from the property manager. I have called and left voicemails and also asked for a phone call, and never received a response. DO NOT, I REPEAT DO NOT live in a building managed by this company.
August 26 · Sydney Davis
If you see the name Moinian, stay away. They won’t answer tenant calls or emails. They refuse to see you in person.The only way to get maintenance or repairs done is by taking them to court. You’ll have to do that a lot. Ask yourself if that is worth choosing a Moinian property over their competitors.
September 29 · Nick Dauphin
I m tenant in Los Angeles their building security is very rude and electrician is horrible.
August 26 · erdal erkem
Potential Renters Beware! I understand the importance of a healthy living environment, and my hope is that this review saves someone the frustration, stress, and anxiety of moving into PLG, a Mohnian-managed property.Where do I begin? Im new to Brooklyn and fell in love with the calm of the neighborhood and all the amenities this specific property has to offer. I decided to sign a lease at PLG in mid-December 2023 for what I thought was a luxury experience, but it quickly turned out to be extremely low budget! Aside from the concierges and Danielle in the office, management is not warm or welcoming by any means. I regret not reading reviews prior to making a decision to move here, but the remarks I am finding all over the internet about PLG validate what I am currently experiencing and my personal review.First red flag: I was approved and provided all documents for a quick move, yet not one person welcomed me into the property, nor replied to emails for booking my move. I was forced blindly to move on my requested move-in date. If it werent for the concierge making things happen for me, I would have been out of luck and the deposit I paid my movers.Second red flag: Although I have been a renter for the last six weeks, I technically have only lived on the property for the last three weeks due to travel. As soon as I returned, I noticed a couple of things that were not in line and went to management requesting reasonable accommodations. Instead of management following the proper protocol and offering me an RA form, I was told I cant make changes to my agreement, but they would look into it. I sent numerous emails and made phone calls for two weeks, and not once received an answer until I had to go back to the office and track someone down. Im highly disappointed in the lack of professionalism, and the fact that management feels comfortable implying a lack of validity without having their 504 Coordinator look into my request. This is extremely dehumanizing, and their approach violates numerous fair housing and New York state laws, which is unacceptable!Third red flag: The first week of my return, I received a call from the companys accountant regarding my billing account, which for weeks I have requested access to, but again, no one replies or follows through on anything here. Long story short, the $2,600 I paid at the time I submitted my application has not been accounted for despite the fact the money was taken out of my account. The accountant has zero recollection of our conversation upon my return, and now, three weeks later, there is still no answer and no resolution. Completely disorganized!In addition:- I cant wash my hair at home or take a long shower because the hot water only lasts 15-20 minutes, even after maintenance adjusted the water heater to the max settings.- Theres an awful stench that comes from the bathroom/toilet at any given time of the day, and the only way for me to temporarily eliminate the smell is by pouring bleach in the toilet and using a plugin. In addition, black particles/liquid-like substances randomly swim in the bowl all the time.- The smoke alarms must not work because I arrived on my floor to my entire hallway filled with smoke from food that someone overcooked.- The building is not cost or energy efficient, as the in-unit washers and dryers take at a minimum 2 hours each to use.No one deserves to pay rent at any cost, especially not in a luxury building and have this experience. Your home is a place of comfort and ease from the outside world, not a place of stress, headaches, and discomfort. Tenants should be prioritized, not made to feel like management is doing us a favor by living here, and its extremely unacceptable as a tenant paying nearly $3k a month. I should be able to get these things resolved in a timely manner, but instead its like pulling teeth! Not only has this affected my peace of mind on top of other things, but its disrupted the new experience I was looking forward to having in a new city and neighborhood. Thanks a lot! SMH
February 01 · Sarah Kidane
I’m giving one star only because it’s not possible to give negative five. If you’re looking to experience what it’s like to have your emails ignored for ten days or to receive no response at all, then this is the place for you. Being falsely accused of damaging the property and then having a substantial amount of your deposit deducted seems to be their specialty. Don’t expect your evidence to be acknowledged, especially since they might even dispute your move-in date. A truly disappointing experience.
February 29 · Jessica F