Short answer: A property manager for a Park Slope or Windsor Terrace rental typically costs 4% to 12% of the rent collected each month, based on published ranges from New York City property management firms as of October 2026, with 8% to 10% the most common published range for full service. On top of that, budget a leasing fee of 50% to 100% of one month's rent each time a new tenant signs. Since the FARE Act took effect on June 11, 2025, a broker you hire to rent your apartment can't charge that fee to the tenant, so it is generally your cost.
General information, not legal or tax advice. Fee ranges are published ranges from New York City property management firms as of October 2026, not quotes. City rules were checked against official sources on the date above and can change. For advice about your building, talk to an attorney or accountant.
How much does a property manager cost in Park Slope and Windsor Terrace?
Expect a monthly fee of roughly 4% to 12% of the building's collected rent. The four NYC management firms' cost pages we reviewed in October 2026 publish ranges from 4-8% at the low end to 10-12% for premium or more complex buildings, and 8-10% is the most common figure for typical full service. Buildings under 10 units are generally priced toward the higher end of a firm's range, because the work per unit doesn't shrink with the building.
| What firms publish | Monthly management fee, as a share of the rent collected for the whole building (NYC property management firms, as of Oct 2026) |
|---|---|
| Lowest published range | 4-8% of gross collected rent (one firm's range for rental buildings; it says buildings under 10 units land toward the top) |
| Basic service | 5-7% (rent collection, basic repair coordination, tenant communication) |
| Typical or full service | 8-10%, published by two of the four firms |
| Park Slope specifically | 8-12%, from one 2026 Park Slope cost comparison |
| Premium or more complex buildings | 10-12% |
| Flat-fee alternative | $100-$300 a month (the firm doesn't say whether that is per unit or per building, so ask) |
In Park Slope, Windsor Terrace and South Slope, many rentals are small brownstones, rowhouses and single condo or co-op units with high rents, so a modest percentage still adds up in dollars.
Worked examples at 2026 rents
StreetEasy's data dashboard puts September 2026 median asking rents at $5,195 for a Park Slope two-bedroom, $3,850 for a Park Slope one-bedroom and $4,814 for a Windsor Terrace two-bedroom. These are asking rents, not signed leases, and Windsor Terrace is a small market whose median moves month to month (its two-bedroom median was $5,250 in July 2026), so treat the math as illustrative. Each example assumes every rental unit is rented and paying all 12 months.
| Example building | Rent per unit (Sept 2026 median asking rent) | Rental units | Total rent per month, all rental units | Management fee at 8% of total rent | Management fee at 10% of total rent |
|---|---|---|---|---|---|
| Park Slope 3-family, three 2-bedroom rentals | $5,195 | 3 | $15,585 | $1,247 a month ($14,962 a year) | $1,559 a month ($18,702 a year) |
| Windsor Terrace 2-family, owner in one unit, one 2-bedroom rental | $4,814 | 1 | $4,814 | $385 a month ($4,621 a year) | $481 a month ($5,777 a year) |
| Park Slope condo or co-op, one 1-bedroom rental | $3,850 | 1 | $3,850 | $308 a month ($3,696 a year) | $385 a month ($4,620 a year) |
| Example building | Rent per unit (Sept 2026 median asking rent) | Leasing fee for each unit that gets a new tenant (50-100% of one month's rent for that unit) | If every rental unit gets a new tenant in the same year |
|---|---|---|---|
| Park Slope 3-family, three 2-bedroom rentals | $5,195 | $2,598-$5,195 per unit | $7,793-$15,585 (3 units) |
| Windsor Terrace 2-family, owner in one unit, one 2-bedroom rental | $4,814 | $2,407-$4,814 | $2,407-$4,814 (1 unit) |
| Park Slope condo or co-op, one 1-bedroom rental | $3,850 | $1,925-$3,850 | $1,925-$3,850 (1 unit) |
What's included in the monthly fee, and what costs extra?
The monthly fee usually covers rent collection, monthly owner statements, tenant communication and routine repair coordination. Full-service firms also tend to include 24/7 emergency dispatch and tracking of city filings. Leasing, capital projects, violation clearance, legal work and eviction support are the items most often billed on top, so compare what is in the base fee, not just the percentage.
- Repair limit: routine coordination typically covers jobs under a set limit, which one firm publishes as $500-$1,000 a job.
- Budget tiers: one firm's description of 5-6% "budget" management says it usually leaves out compliance tracking and HPD violation follow-up, so that work stays with you.
How do leasing fees work after the FARE Act?
When a manager or broker finds and signs a new tenant, published NYC leasing fees run 50% to 100% of one month's rent. Since June 11, 2025, the FARE Act (Local Law 119 of 2024) bars a broker who represents the landlord, including one who lists the apartment with your permission, from charging the tenant a fee. In practice, the fee for the leasing help you hire is now yours to pay.
- Published ranges: 50-100% of one month's rent per new lease; one firm publishes 50-75%. Another published structure is one month's rent for full leasing service, or 50% if you handle showings yourself.
- What the city says: According to the NYC Department of Consumer and Worker Protection (DCWP), a landlord is liable if the landlord's agent or a listing agent charges the tenant a fee. Listings must disclose every fee a tenant must pay, and tenants must get, and sign, an itemized written list of those fees before signing a lease. You or your agent must keep the signed disclosure for three years and give the tenant a copy.
- Listings count: DCWP says an agent who publishes a listing for your apartment is presumed to have your permission, so that agent generally can't charge the tenant.
- What is still allowed: DCWP says the law doesn't stop a tenant from hiring and paying their own broker, and doesn't bar landlords from charging tenants for background and credit checks.
- Court challenge: On July 13, 2026, the U.S. Court of Appeals for the Second Circuit upheld the denial of an injunction against the law, so it remains in effect while part of the brokers' lawsuit continues.
This explains the fee, not your legal duties. For a specific listing, read DCWP's FAQ or ask your attorney.
Does a 2-4 family brownstone cost more to manage than a single condo or co-op unit?
In dollars, usually yes, because the fee is a share of more rent and there are more systems to look after. Firms' published pricing generally puts multi-family buildings above single-family rentals because they need more day-to-day oversight. A single condo or co-op unit is simpler: the board handles the building, and you pay to manage one lease.
- 2-4 family brownstone: you own the boiler, roof, facade and common areas. A building with three or more units must register with HPD every year, and so must a one- or two-family house where neither you nor your immediate family lives.
- Condo or co-op unit: HPD says the board registers the building, not the unit owner. Your manager mostly handles the lease, the tenant and repairs inside the unit.
- Board management is different. Published prices for managing a whole condo or co-op association run $75-$150 per unit per month, or $1,500-$4,500 a month for buildings under 25 units. That is a building-level cost paid through common charges or maintenance, not a fee for managing the unit you rent out.
What hidden fees should I ask about?
Beyond the monthly percentage, published fee schedules commonly add lease renewal fees, markups on repair invoices, one-time setup fees and charges while a unit sits empty. Ask for the full written fee schedule and add up a typical year, including turnovers, before comparing proposals.
| Fee | Published range or practice (NYC property management firms, as of Oct 2026) |
|---|---|
| Lease renewal | $150-$400 per renewal |
| Maintenance markup on contractor invoices | 10-15% |
| Setup or onboarding (one-time) | $250-$500 per unit |
| Vacancy | Ask whether the fee drops when a unit is empty. A 50% reduction is described as standard, and some firms charge the full rate. |
| Capital project oversight | 5-10% of project value |
| Late-payment processing | $25-$50 per delinquent account per month (some managers) |
| Other items to ask about | After-hours surcharges, technology or portal fees, special filings, eviction handling (published without amounts) |
Also ask whether the percentage applies to rent collected or rent due. On a rent-due contract, you can owe the full fee on rent you never received.
Is a property manager worth it compared with self-managing?
It depends on your time, how close you live and how much of the city's compliance calendar you want to carry. The clearest test is whether you will reliably meet fixed deadlines and answer emergencies, because the city's penalties for missed filings run from hundreds to thousands of dollars, as the examples below show.
- HPD registration: due every year by September 1 (the window opens May 21), with a $13 fee billed by the Department of Finance. HPD says that under Local Law 71 of 2023, failure to register can bring a civil penalty of $500-$1,500 for a multiple dwelling of five units or fewer, and an unregistered building with three or more units can't bring a nonpayment case in Housing Court. See our HPD registration guide.
- Gas piping inspections (Local Law 152): DOB says buildings in Brooklyn Community Districts 4, 6, 8, 9 and 16 are due by December 31, 2026, and failing to file the inspection certification on time may bring a $5,000 civil penalty. Most of Park Slope is in District 6. Windsor Terrace and the part of Park Slope south of 15th Street (often called South Slope) are in District 7, which was due December 31, 2025, with the next cycle in 2029. One- and two-family homes are exempt. Confirm your building's community district before relying on a date.
- Rent stabilized units: if you have any, HPD notes that HCR registration is a separate filing due every year by July 31, and renewal offers have their own deadlines.
- Time: published estimates vary widely. One firm puts a 10-unit building at 120-150 hours a year plus 30-40 hours per vacancy; another puts an 8- to 12-unit building at 400-600 hours.
See the NYC compliance calendar for small buildings for the full year.
For the full cost-vs-benefit math, see is property management worth it for a small Brooklyn landlord?
What should I ask a property manager before signing?
Ask for every fee in writing, what the base fee includes, how leasing is priced after the FARE Act, how deadlines are tracked and how you can end the agreement. Good answers are specific: named people, response times and a sample statement.
- Is the fee charged on rent collected or rent due, and what changes when a unit is vacant?
- What exactly is in the base fee, and what is the dollar limit for repairs without my approval?
- How is leasing priced, who does it, and who pays under the FARE Act?
- Do you mark up vendor invoices, and are there renewal, setup or technology fees?
- Who tracks HPD registration, Local Law 152 and any HCR filings, and how will I know they were filed?
- How much notice ends the agreement, and is there a termination fee?
Frequently asked questions
What percentage do property managers charge in Brooklyn?
Published ranges from New York City property management firms, as of October 2026, run from about 4% to 12% of collected rent. Full service is most often published at 8-10%, and one 2026 Park Slope comparison puts management fees there at 8-12%. Small buildings tend to pay toward the higher end.
Can I still have the tenant pay the broker fee on my Park Slope rental?
Generally no. Since June 11, 2025, the FARE Act bars a broker who represents the landlord, including a listing agent posting with the landlord's permission, from charging the tenant a fee, and DCWP says the landlord is liable if one does. A tenant can still choose to hire and pay their own broker. Leasing help you hire is generally your cost.
How much is a leasing fee in NYC?
Published NYC ranges run from 50% to 100% of one month's rent per new lease. At StreetEasy's September 2026 median asking rent of $5,195 for a Park Slope two-bedroom, that is about $2,598 to $5,195 for each unit that gets a new tenant.
Do I need to register my Brooklyn rental with HPD?
Yes, if it has three or more units, or if it is a one- or two-family house where neither you nor your immediate family lives. Registration is due every year by September 1, with a $13 fee. For a condo or co-op unit, the board registers the building.
Neighborhood guides in our service area
Sources
Fee ranges: published ranges from New York City property management firms' own cost pages, as of October 2026 (reviewed October 27, 2026). Rents and city rules: the data and official pages below.
- StreetEasy Data Dashboard, median asking rent by neighborhood (September 2026, latest month available)
- NYC DCWP, Fairness in Apartment Rental Expenses (FARE) Act FAQ
- NYC DCWP, The FARE Act Is Now in Effect (June 11, 2025)
- U.S. Court of Appeals for the Second Circuit, REBNY v. City of New York, No. 25-1506 (decided July 13, 2026)
- NYC HPD, Register Your Property
- NYC DOB, Periodic Gas Piping System Inspections (Local Law 152)
- NYC Community Boards, Brooklyn boards (CB6 includes Park Slope; CB7 includes Windsor Terrace)
- NYC City Planning Commission, report C 060054 ZMK (South Park Slope, 15th to 24th Streets, is in Community District 7)
Questions about a building in our service area? Call Windsor Fine Properties at (646) 762-9242.
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