Articles


Here are some recent examples of how FirstService Residential New York has been making news.
 

Compliance, Cyber Risk and Security are Focus of December Property Managers’ Meeting

Several important and timely presentations covering compliance, cyber risk and security were covered at our December Property Managers’ Meeting which was attended by more than 100 property managers.

Posted on Tuesday December 06, 2016 read more

Fire Safety Tips For Your New York City Condominium or Cooperative

For New York City residents who call a high-rise building their home, nothing compares to vertical living. But what about safety features? Specifically speaking, in a condominium or cooperative building, fire safety education is crucial. As a unit owner, shareholder, board member or building staff member, are you educated on how to prepare for the possibility of a fire inside your building or your unit? To help educate you on this topic, we’ve compiled some important tips on fire safety and prevention that every single member in your community needs to be aware of.  

Posted on Monday November 28, 2016 read more

Holiday Fire Prevention Tips for Your Home

Each year, approximately 2,650 people are killed by fires in their homes, making fire the third most common cause of accidental deaths at home. During the holiday season when there is an ample amount of cooking take place, decorative lights adorning homes, candles burning bright and an abundance of guests galore, it is crucial to ensure that your home within your New York City condominium or cooperative is fire-proof. We’ll give you a few tips to help you implement your own fire plan, and educate you on what you need to do to keep a fire from spreading in your apartment.

Posted on Tuesday November 22, 2016 read more

How Your Property Management Company Can Help You Develop and Communicate Your Emergency Preparedness Plan

On any given day, a New York City multifamily building can be vulnerable to any number of emergency situations. In our last article concerning the need for having an Emergency Preparedness Plan in place for your building, we discussed various strategies for effectively preparing your building, your staff, and your residents for any eventuality, as well as how a great property management company can help you do that. Here, we’ll elaborate upon the basics of developing and implementing an Emergency Preparedness Plan, and walk you through how to successfully communicate your plan building-wide.

Posted on Wednesday November 16, 2016 read more

Emergency Preparedness: Are You Ready? Your Property Management Company Can Help

In New York City, building emergencies present themselves in various forms – from power outages and gas leaks, to floods and fires and even shootings. The one common denominator? They happen when you least expect them. How do you prepare yourself for the unexpected? By having a comprehensive emergency plan in place for your multifamily building! An emergency plan can mean the difference between a situation that escalates into a crisis and one that is resolved efficiently and effectively. Here’s how a great New York City property management company can help you develop this life saving strategy. 

Posted on Tuesday November 15, 2016 read more

432 Park Avenue will light up the night sky as of Monday

The western hemisphere’s tallest residential building, 432 Park Avenue, is a hard one to miss in the New York City skyline—so hard, in fact, that Curbed readers captured the tower in photos from across the city and beyond even when it was still on the rise. But now, a new architectural feature is being added to Viñoly’s trash can-inspired building that will make it pop even more.

Posted on Friday November 11, 2016 read more

How To Slash Residential Development Costs With Efficient Property Management

For more than two decades, FirstService Residential New York has been providing expert guidance to many of the city’s leading developers to help bring their visions to life. From the earliest planning stages to the ultimate turn-over to buyers, our expertise in creating and managing effective properties has proven vital to the long-term success and lasting legacy of many New York properties.

Posted on Friday November 11, 2016 read more

Interpreting New York’s Heightened Restrictions on Airbnb and Other Short-Term Rentals

FirstService Residential President Dan Wurtzel authors this article for Multi-Housing News discussing the impacts of New York City's new short-term rental regulations. 

Posted on Tuesday November 08, 2016 read more

New York City Co-ops and Condos Adopt Benchmarking

FS Energy's Director of Energy Management, Kelly Dougherty, is quoted in this Cooperator article discussing the significance and benefits of compliance with New York City Local Laws 84 and 87. 

Posted on Friday September 30, 2016 read more

Greater Financial Health - Tips For Your New York City Condo or Co-op

Maintaining your New York City condominium or cooperative’s financial health—just like maintaining your personal health—boils down to moderation and sharp decision making. To maintain maximum financial health for your multifamily property, consider these four “financial fitness” tips:

Posted on Thursday September 22, 2016 read more

Top 5 Budget Busters New York City Condos and Co-ops Should Be Wary Of

As a New York City condo or co-op board member, one of your principal responsibilities is stewardship of your property’s finances. A lot of that boils down to one thing: your annual budget. Here, we’ll identify five things that tend to blow association budgets. If you’re partnered with a knowledgeable and experienced property management company, they’ll help you manage these budget busters so your property can avoid paying the price – literally and figuratively – later. 

Posted on Wednesday September 21, 2016 read more

Effective Budgeting – Seven Important Steps To Consider

Preparing your New York City condominium’s or cooperative’s annual budget can be a source of stress, but more importantly, it’s a valuable opportunity to take a deeper look into the status of your property’s financial well-being. Effective management of your building and your finances relies heavily on how successful you are in budgeting for short-term and long-term goals. As a board member, here are some important guidelines you should consider during budgeting season. 

Posted on Tuesday September 20, 2016 read more

YOUR 2017 BUDGET CHECKLIST

Preparing your New York City condominium or cooperative’s annual budget can seem like a daunting task. However, it is a highly valuable exercise that will ensure the financial well-being of your multifamily property and protect the investment of your fellow homeowners. If you are a board member of a property whose calendar year begins on January 1, here are some important questions you should be asking when creating your property’s annual budget.

Posted on Tuesday September 13, 2016 read more

Building Operations: Great – and Ever-Rising – Expectations

Senior Vice President Steven Hirsch is quoted in this Habitat Magazine article discussing the rising expectations of building operations within New York City condominiums and cooperatives. 

Posted on Wednesday September 07, 2016 read more

Hoverboards: Should Your Bylaws Be Amended to Ban Them?

There have been numerous reports of apartments sustaining damage when a battery pack was left unattended while charging. As such, several FirstService Residential buildings have either banned hoverboards or imposed rules against them. 

Posted on Thursday September 01, 2016 read more

Case Study: Gas Conversion Significantly Reduces Utility Costs and Emissions for Upper West Side Co-op

Danielle Apartment Corporation, a 79-unit cooperative located at 140 West 71st Street in Manhattan, was burning heating oil #4, which New York City has mandated be phased-out by 2030. To comply with the city’s order to convert to cleaner fuels, and in an effort to reduce the building’s carbon footprint, lower fuel expenses, and better control heating distribution, the board reached out to FirstService Residential for guidance on determining if these goals would be achievable by converting their boilers to natural gas.

Posted on Wednesday August 31, 2016 read more

Wurtzel to Teach Onboarding Course at CNYC Housing Conference

Dan Wurtzel, president of FirstService Residential, will be teaching a course covering best practices for “Onboarding New Board Members” at The Council of New York Cooperatives & Condominiums’ (CNYC) annual housing conference. Keep reading for more details.

Posted on Tuesday August 30, 2016 read more

Message from the President: Our Commitment to Continuing Education and Professional Development

To ensure that our managers are well-informed on the latest industry developments, FirstService Residential regularly hosts seminars and educational programs during which industry leaders share their knowledge on timely topics. Due to the number of managers we employ, these experts know they will be addressing a large, attentive audience. That’s why we are able to attract key industry leaders to address our teams directly. Keep reading for more information on recent seminars. 

Posted on Friday August 26, 2016 read more

55 Wall Street Embarks on $8.3 Million Project to Cut Energy Costs, Consumption and Emissions

The Cipriani Club Residences, located at 55 Wall Street in Lower Manhattan, is making an $8.3 million investment in a multifaceted energy efficiency and cogeneration project. Once completed, the building stands to reduce its energy consumption and related emissions by 42% as well as cut energy costs in half – saving $900,000 annually. 

Posted on Thursday August 25, 2016 read more

Financing Capital Improvement Projects

Many associations have not increased assessments at the pace required to adequately service an aging property. This deficiency has rendered some boards incapable of funding unexpected expenses, such as replacing major equipment or addressing structural or life-safety issues stemming from compliance with local laws. Read on for more informational details.

Posted on Wednesday August 24, 2016 read more
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