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

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  • Hoverboards: Should Your Bylaws Be Amended to Ban Them?

     Sep 01, 2016
    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. 

  • Case Study: Gas Conversion Significantly Reduces Upper West Side Co-op Utilities and Emissions

     Aug 31, 2016
    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.

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

     Aug 26, 2016
    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. 

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

     Aug 24, 2016
    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. 

  • What You Should Know About a Capital Improvement Fund

     Aug 23, 2016
    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.

  • Rebuilding After a Hurricane: How Your Property Management Company Can Help

     Aug 23, 2016
    In the aftermath of a powerful hurricane or tropical storm, a quality property management company can facilitate your building’s repairs and help residents start returning to their day-to-day activities, as seen with FirstService Residential’s efforts after Superstorm Sandy. After the storm has passed, the first consideration is the safety of your building’s residents. Once that has been established, it’s time to work toward returning to a normal way of life. Here are some of the steps the best property management company will take to help you get there.

  • Insuring Amenities - Don't Make Luxury a Liability

     Aug 22, 2016
    President Dan Wurtzel is quoted in this Cooperator article on essential insurance coverages condos and co-ops should have.

  • FirstService Residential Teams with Mayor’s Office to Offer Steam Heat Seminars Focused on Improving Efficiency

     Aug 19, 2016
    FirstService Residential and FirstService Energy teamed up with the Mayor's Office of Sustainability and the NYC Retrofit Accelerator Program to offer a training seminar for property managers and building operators covering one-pipe and two-pipe steam heat distribution systems. The seminars attracted more than 130 attendees.

  • FirstService Residential Forms Alliance With Zipcar

     Aug 17, 2016
    Jeremy Lynch, National Account Manager for Zipcar, explains the company’s new partnership with FirstService Residential at the July Property Managers’ Meeting. 

  • FirstService Residential Property Managers Briefed on Local Law 45

     Aug 17, 2016
    Among the speakers at the July Property Managers’ Meeting was Tim Mitchell, an attorney with Cohen, Hochman, & Allen, who explained the details of Local Law 45 of 2016, the city's temporary program to settle outstanding Environmental Control Board violations issued by the Department of Buildings.