Media Coverage

In the first two quarters of 2022, the company added more than 1,350 units to its management portfolio. Among the company’s new clients are some of the city’s most iconic multifamily properties, including Madison House, an 805-foot-tall skyscraper in NoMad; 100 Eleventh Avenue, designed by Pritzker Prize laureate and renowned architect Jean Nouvel; the award-winning 25 Bond Street in NoHo; One Boerum Place, home to the most expensive rental apartment in Brooklyn history; and Parkway Village, a 675-unit garden-style community in Briarwood, Queens.

"We’ve seen extraordinary growth in the first half of 2022, which is a significant accomplishment considering the volatility and growing complexity of New York City’s real estate market," said FirstService Residential New York President Dan Wurtzel. "We owe our success to our decades of experience and access to top-tier in-house resources. These are major differentiators for condo and co-op boards and building owners looking to enhance the value of their property and overcome inflationary pressures.”
 
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In the August issue of The Cooperator, our General Counsel Ben Kirschenbaum offered his thoughts how the most effective boards manage their properties in New York City.

“You’re not expected to be an expert, so your role is to seek the expertise and guidance of your pro-fessionals—accountants, attorneys, engineers, insurance brokers," says Kirschenbaum. "You’re the ones who make the decisions, and if you use good business judgment, your decisions will be upheld legally’—an important assurance in our aggressively litigious society.”

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Dedicated package rooms now rival fitness centers as a high-demand amenity space in multifamily buildings as daily deliveries remain at holiday volume. In an article for Yield PRO Magazine, Marc Kotler, senior vice president of the New Development Group, and Calynne Oyolokor, vice president of the Multifamily Rental Division, discuss how modern amenities and proptech help solve a new wave of challenges for multifamily buildings. 

Read the full story here.

Habitat Magazine explores how a 332-unit cooperative property in Chelsea, managed by FirstService Residential, saved more than $100,000 on a large-scale Facade Inspection and Safety Program (FISP) compliance project,  typically a major financial hurdle for multifamily buildings in New York City.

—Habitat Magazine

Michael Wolfe, FirstService Residential’s president of property management, is featured in the latest episode of “Constructive Conversations,” a weekly radio show from The Building & Realty Institute. Michael discusses how the Climate Mobilization Act, specifically Local Law 97, has impacted condominum and cooperatives across New York City.

FirstService Residential’s Michael Wolfe, president of property management, is featured in this month’s issue of Habitat Magazine. Michael shares his insights on how best to comply with Local Law 97, based on his 40 years of experience in the business.

FirstService Residential has been appointed property manager for Front & York, a new mixed-use residential property in DUMBO, Brooklyn. The property comprises 480 high-end condominiums, resort-class amenities and 150,000 square feet of retail space.

FirstService Residential's New Development Group was also retained by ownership in July 2017 to provide pre-development consulting services including design drawing review for front and back of house operations, amenities, and initial budget development.

—Real Estate Weekly

Climate change and the impact of larger, more unpredictable storms, is one of the biggest threats to new and existing properties. Multifamily Executive spoke with Tal Eyal, FirstService Residential executive vice president, who shared best practices for boards and building owners to mitigate loss and protect their most valuable assets.

—Multifamily Executive

FirstService Residential announced the promotion of Farik Badalov to Vice President of the CityLine Division, a segment of the company dedicated to providing full-service property management services to condominium and cooperative properties, and professional consulting services to self-managed properties, in Brooklyn, Queens, The Bronx, Long Island and Westchester. As a Vice President, Badalov oversees a dedicated team of property managers who are responsible for the management of more than 4,000 residential units across 28 multifamily buildings.

—Real Estate Weekly

New York Real Estate Journal (NYREJ) recently profiled our associates in an exclusive feature highlighting local leaders in management and real estate. Featured team members include president of property management Michael Wolfe, senior vice president of the New Development Group Marc Kotler, the newly appointed president of FirstService Energy Kelly Dougherty, and Athenes Bauza-Wu, the latest addition to our expanding multifamily rental management group.

—NYREJ