NYC pied-à-terre tax: What condo and co-op owners need to know

September 29, 2026
Read Now
Reset Filter

  • See How to Develop and Communicate a Community Emergency Preparedness Plan

     Nov 16, 2016
    On any given day, a New York City multifamily building can be vulnerable to any number of emergency situations. Although planning is a critical first step, training, drills, regular testing of building safety features and equipment and a commitment to regularly revisiting the plan to ensure its current are all important emergency preparedness tools. 

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

     Nov 15, 2016
    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. 

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

     Nov 11, 2016
    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.

  • How To Slash Residential Development Costs With Efficient Property Management

     Nov 11, 2016
    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.

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

     Nov 08, 2016
    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. 

  • New York City Co-ops and Condos Adopt Benchmarking

     Sep 30, 2016
    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. 

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

     Sep 21, 2016
    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. 

  • 7 tips for creating your condo budget: What your corporation should know

     Sep 20, 2016
    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. 

  • Property management budget template

     Sep 13, 2016

    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.

  • Building Operations: Great – and Ever-Rising – Expectations

     Sep 07, 2016
    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.