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The Right Coverage for Your Small Apartment Building in New York
With over 49 years of experience, we understand the challenges of insuring small apartment buildings across New York City. From walk-up buildings in Brooklyn to multi-unit residentials in Queens, these properties require policies that account for building age, tenant mix, and the operational realities of managing multiple units. Many carriers apply underwriting criteria that work against older NYC buildings, but the programs we offer take a more flexible approach, making specialized coverage available to qualifying properties that have been declined or surcharged elsewhere. Our tailored solutions help protect your rental income and preserve your investment while keeping costs manageable.
50% of our New York-area clients save money without changing their coverage level
50% of our New York-area clients receive better coverage for comparable premiums
In New York, 92% of our clients return each year
Who Qualifies for This Insurance Program
This program is designed for small residential apartment buildings of up to 30 units in Manhattan, Brooklyn, and Queens, including walk-ups, multi-family buildings, and mixed-use properties with at least 50% residential occupancy. Eligible buildings must be constructed of joisted masonry or better and fall within a total insured value of up to $10 million. Owner-occupied and tenant-occupied properties are both eligible. Not all buildings will qualify; eligibility is subject to underwriting review.
Coverage That Fits Your Building and Budget
Full replacement costs
Covers the actual cost to repair or rebuild your apartment building after a covered loss, using comparable materials and without applying depreciation
Liability protection
Protects you if a tenant, visitor, or vendor is injured in a common area, stairwell, or elsewhere on the property and files a legal claim
Loss of rents
Replaces lost rental income across affected units for up to 12 months if a covered event makes one or more units temporarily uninhabitable
Ordinance or law
Covers the additional cost of bringing repaired or rebuilt portions of your building into compliance with current NYC building codes
Water backup protection
Covers damage from sewer or drain backups in basement utility areas and lower-level units, a frequent risk in New York’s aging infrastructure
Equipment breakdown
Covers repair or replacement costs when mechanical or electrical systems fail, including boilers, HVAC units, and other building equipment
Business income / Rental value
Reimburses lost rental income and covers extra operating expenses while your apartment building is being repaired or restored after a covered loss
Employee theft
Protects against financial losses caused by dishonest acts committed by employees or building staff
Agreed amount coverage
Locks in your building’s insured value upfront so there is no coinsurance penalty applied at the time of a covered loss
Personal inland marine
Provides scheduled coverage for high-value personal property such as fine art, jewelry, antiques, and musical instruments kept in the building
Get a Quote for Your Small Apartment Building
Whether you own a 6-unit walk-up in the Bronx or a 12-unit residential building in Queens, we’ll help you secure customized insurance that protects your property and rental income.
Specialized Small Building Insurance Through a Purpose-Built NYC Program
City Building Owners Insurance offers coverage for small apartment buildings through the New York Brick & Brownstone Insurance Program, a specialized program designed for owner- and tenant-occupied residential properties in Manhattan, Brooklyn, and Queens.
Backed by Distinguished Real Estate, this program provides coverage depth that standard landlord policies rarely deliver for buildings in this size range. Unlike policies written for larger commercial portfolios or out-of-state rental properties, this program was built around the realities of NYC’s small residential building stock, including older construction, multi-tenant occupancy, and the liability exposures common to urban property management. City Building Owners Insurance serves as your access point to this program, helping you assess eligibility and structure coverage that reflects your building’s actual risk profile.
What Our Clients Say
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G.M., Multiple Apartment Building Owner, New York, N.Y. ,|