Mandy Management Sells 16 New Haven Buildings for $7.6M to Out-of-State Buyers

Mandy Management affiliates sold 16 New Haven buildings containing 52 apartments for more than $7.6 million during the first two months of 2026, with the bulk of the purchases going to real estate investors from New York and New Jersey rather than local buyers, according to reporting by the New Haven Independent.

The properties — located across neighborhoods including Fair Haven, the Hill, and the Annex — had been most recently appraised by the city at a combined $4.6 million for tax purposes, meaning the sale prices came in well above assessed value.

CEO Says Sales Reflect 'Disciplined Capital Management'

Mandy Management CEO Yudi Gurevitch characterized the divestment as a routine business decision, not a retreat from New Haven's rental market.

"These sales represent a portfolio rebalancing effort and reflect disciplined capital management, not a shift in overall strategy," Gurevitch told the New Haven Independent. He added that the company remains active in evaluating properties and assessing acquisition opportunities.

Mandy also made one acquisition during the same period — a single-family home at 3 Highview Lane for $220,000 in January.

Most Buyers Are Out-of-State Investors

Among the buyers identified in property records: Lipa Meisels of Brooklyn, Yehuda Leitner of Staten Island, and Abraham Greenfeld of Monsey, New York. Only two of the 16 sales went to New Haven residents.

The pattern of out-of-state buyers acquiring former Mandy properties raises questions about continuity of management for existing tenants. When a large property management company sells to multiple smaller and distant landlords simultaneously, tenants can face uncertainty about whom to contact for maintenance, who holds their security deposits, and how quickly new owners will assume full operational control.

Five Sales Happened During Week of Chapel Street Fire

The timing of five of the sales drew particular scrutiny. Those transactions closed during the same week that a fire at a separate Mandy-managed building on Chapel Street displaced 79 tenants. When asked about the coincidence, Gurevitch told the New Haven Independent the timing was "transactional and administrative" in nature.

The Chapel Street fire, which affected a substantial number of Mandy tenants simultaneously, preceded the property sale announcement and contributed to community attention on the company's management practices.

Tenant Concerns About Maintenance

Following the sales announcement, some tenants at Mandy-managed properties have raised concerns publicly about maintenance issues, including reports of broken laundry equipment at some buildings going unresolved for weeks. Tenants in at least some affected buildings have reported that Mandy Management continued to advertise in-building laundry access while the units remained nonfunctional.

New Haven renters experiencing maintenance failures can file complaints with the New Haven Housing Authority or contact tenant advocacy organizations such as Citywide Tenant Union of New Haven.

Mandy Management's Footprint in New Haven

Mandy Management is one of the larger residential property managers operating in New Haven, with properties concentrated in several neighborhoods across the city. The company markets apartments under its own brand and manages the day-to-day operations of its portfolio directly.

The sale of 16 buildings represents a significant reduction in that portfolio. Whether it signals a longer-term shift in the company's New Haven strategy — or a one-time rebalancing as Gurevitch described — will become clearer as the year progresses.

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