← MANAGING AGENTS

AKAM Associates, Inc.

Managing agent — unlicensed in New York State

542 buildings. No state license. No public complaint registry. No disciplinary body.

542 buildings managed
3,150 Class C violations
(immediately hazardous)
$7.6M LL11 penalty fees
(top 25 buildings)
289 active NYSCEF cases
(top 25 buildings)

PORTFOLIO GEOGRAPHY

542 buildings across four boroughs.

AKAM does not name itself in any NYC public dataset. We identified their full portfolio through pattern analysis of publicly available NYC housing registration records — cross-referencing officer filings, building registrations, and corporate identifiers across every multifamily property in the city.

345 Manhattan
138 Queens
44 Brooklyn
15 Bronx

THE PATTERN

Fee abandonment.

AKAM's distinguishing pattern is what we call fee abandonment: the firm lets Local Law 11 facade inspection deadlines expire and absorbs the financial penalty rather than completing timely remediation. The top 25 AKAM buildings have accumulated approximately $5.5 million in LL11 penalty fees — a figure that dwarfs any other firm in our dataset.

This is not negligence in the traditional sense. It is a business model. The penalties are paid from building operating funds — meaning unit owners pay them through common charges. The managing agent bears no financial consequence. The facade remains uninspected. The risk remains with the residents and pedestrians below.

COMPARED

Two firms. Two ways of failing.

AKAM and FirstService Residential — the two largest firms we've scored — show fundamentally different failure patterns. Neither is better. Both are unregulated.

AKAM top 25

~3,200 Class C violations
~600 Water 311 complaints
$5.5M LL11 penalty fees

Lets facade deadlines expire. Pays the fine from your common charges.

VS

FirstService top 25

~6,400 Class C violations
~9,400 Water 311 complaints
$170K LL11 penalty fees

More hazardous conditions. More water failures. Fewer dollar penalties.

THE 25 WORST AKAM BUILDINGS

Ranked by Class C violations.

Class C violations are HPD's highest severity — conditions that are immediately hazardous to life and health. These 25 buildings account for the majority of AKAM's 3,202 Class C violations across 543 buildings.

# Address Borough Class C Violations
121-05 33rd StreetQueens170
221-16 35th StreetQueens160
34260 BroadwayManhattan142
461 Tiemann PlaceManhattan142
51165 East 54th StreetBrooklyn134
621-47 33rd StreetQueens130
7241 St Nicholas AvenueManhattan100
81270 East 51st StreetBrooklyn97
91655 Flatbush AvenueBrooklyn96
101271 East 51st StreetBrooklyn95
11178 Bradhurst AvenueManhattan95
121190 East 53rd StreetBrooklyn93
131199 East 53rd StreetBrooklyn74
14160 Wadsworth AvenueManhattan72
1528 Jefferson AvenueBrooklyn66
1621-58 35th StreetQueens60
1721-38 35th StreetQueens53
1821-68 35th StreetQueens52
192681 BroadwayManhattan52
2021-57 33rd StreetQueens50
211200 Fifth AvenueManhattan42
22710 Riverside DriveManhattan42
2321-77 33rd StreetQueens36
2497-10 62nd DriveQueens32
25811 Cortelyou RoadBrooklyn31

Source: HPD Violations (NYC Open Data). Class C = immediately hazardous to life and health.

DATA SOURCE

Public records. 542 buildings.

The entire AKAM portfolio was identified through analysis of publicly available NYC housing registration records. Every building on this page is verifiable through city data. The methodology is proprietary but the underlying data is not.

If one person can map a 542-building portfolio from public records, the state's failure to maintain a managing agent registry is not a data problem. It is a policy choice.

RIGHT OF REPLY

We believe in hearing both sides.

AKAM Associates, Inc. has not yet been contacted for comment on this page. Per our Editorial Standards, we will request comment before publication and include any response verbatim, up to 500 words, alongside the relevant content.

542 buildings. $7.6 million in penalties.
Zero regulatory consequences.

Every data point on this page comes from free public records. The only reason this information wasn't already public is that no one assembled it before.

← All agents See the 81 issues →