Residential real estate · New York, NY
Housing for New Yorkers the market keeps turning away.
Meverra acquires and operates small residential buildings in New York City. We accept CityFHEPS, FHEPS and HASA at every unit we own, and we keep those units in condition to pass inspection any day of the year — not just the day the inspector is scheduled.
Mission
Be the landlord that says yes.
A New Yorker holding a CityFHEPS voucher is not short of rent money. The rent is funded. What they are short of is a landlord willing to take the voucher, sit through the inspection, and stay in the program next year and the year after.
Refusing a tenant because of how they pay their rent has been illegal in New York City and New York State for years. It also happens constantly, and the people it happens to are the ones with the least room to absorb it — families leaving shelter, New Yorkers living with HIV/AIDS, households one missed month from eviction.
Meverra exists to be the owner on the other side of that phone call. We buy small buildings, bring them up to standard, and hold them. Residents get housing that is actually maintained and a landlord who actually writes back. The business gets revenue that arrives on a schedule from a city agency rather than riding on any one household’s month.
We think those two things hold each other up. A building kept in real repair keeps passing inspection, keeps its residents, and keeps producing. In this business the incentives point the same direction far less often than they should.
Portfolio
What we own today.
$2.1M
Real estate portfolio value
As of September 2026
- Buildings
- 1
- Residential units
- 2+1 in conversion
- Market
- New York, NY
| Asset | Units | Programs accepted | Status |
|---|---|---|---|
| Two−family residence · New York, NY | 2+1 in conversion | CityFHEPSFHEPSHASA | 1 of 2 leased3rd unit permitted |
One unit is currently available and we are accepting applications through CityFHEPS, FHEPS and HASA. A third unit is permitted and under construction; it will be listed once the amended Certificate of Occupancy is issued. We are actively underwriting additional buildings — see what we buy.
How we invest
Five rules we actually follow.
Cash flow, not appreciation
We underwrite to rent that exists today, at a building we have walked ourselves. If a deal only works because of what the block might do in five years, it is not a deal — it is a bet on New York, and New York does not need our help betting on itself. Appreciation, when it comes, is something we did not pay for.
Program-forward by design
We accept CityFHEPS, FHEPS and HASA at every unit we own, and we do the paperwork rather than asking the household to chase it. Payments come from the city on a fixed schedule, which makes revenue far less sensitive to any single tenant’s circumstances. In exchange we hold every unit to the NYC Housing Maintenance Code continuously. Passing the inspection is the floor, not the goal.
Capital before cosmetics
Boiler, roof, water intrusion, electrical and gas get money before anything a visitor can see. Heat season runs October 1 through May 31 and we intend to never be the reason a tenant calls 311 about it. Deferred maintenance is the most expensive thing an owner can carry, and the resident is always the one who pays for it first.
Conservative leverage
We size debt so a building carries itself with a unit vacant, and we fund reserves before anyone takes a distribution. A property that can absorb a turnover and a boiler in the same winter is a property we still own in the spring.
We don’t flip
Every acquisition is underwritten as though we will still own it in twenty years, because we intend to. That changes what you are willing to buy, what you are willing to pay for it, and how you treat the people living inside it.
For sellers & brokers
What we’re looking for.
We are actively acquiring in New York City. We are a direct buyer — no committee, no listing requirement, no wholesale assignment. If you are an owner who is tired of it, an heir who inherited a building, or a broker holding something that does not show well, we would like to hear about it.
We look at buildings in any condition, including ones with open violations and units that would not pass an inspection today. That is usually the entire reason the seller is calling us.
Send us the address and we will tell you within two business days whether it is something we can do.
Buy box
Current criteria
- Type2–6 unit residential; two- and three-family included
- MarketNew York City, all five boroughs
- ConditionAny, including open violations and vacant
- PriceNo minimum — we look at everything
- TermsCash or conventional financing; open to seller financing
- ResponseWe reply within two business days
Residents
Pay rent, request repairs, reach us.
Pay rent online
An online payment portal is being set up now. If your rent is paid in full by CityFHEPS, FHEPS or HASA, there is nothing for you to pay here. If you owe a tenant share, keep paying it the way you do today — we will write to you before anything changes.
Ask about paymentsRequest a repair
Email us your address, your unit, and a photo if you can take one. We confirm every request within one business day and tell you when someone is coming and who it will be.
Send a requestInspections & paperwork
We handle HRA inspections, recertifications and any violation that needs clearing. You should not have to arrange repairs or schedule contractors to keep your voucher — tell us what was flagged and we take it from there.
Get in touchEmergency? If you smell gas or see fire, call 911 first — always. For no heat, no hot water, active flooding or a live electrical hazard, email management@meverra.com with EMERGENCY in the subject line and we will come back to you right away. Every Meverra resident is also given a direct number at move−in; if you do not have yours, email us and we will send it.
You always have the right to call 311 about a condition in your home. We would rather you call us first so we can fix it faster — but we will never hold it against a resident for using 311.
- Emailmanagement@meverra.com
- BrokersSame email — put the address in the subject line.