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

FS Energy recently facilitated lighting upgrades for dozens of FirstService Residential managed properties. Replacing common area bulbs and fixtures with highly efficient, ENERGY STAR-qualified LED lighting technologies yields significant reductions in energy use and costs while delivering more aesthetically-pleasing illumination.

As FirstService Energy’s Director of Energy Management, Kelly Dougherty supports FirstService Residential boards, building owners and property managers by analyzing and developing energy efficiency projects in their buildings.

Smoking bans in condo, co-op, and rental buildings, while still relatively rare, are becoming more commonplace. Is this something that your board might want to consider? It is not easy to implement, and you should discuss this with your building’s attorney before starting the process.

Our affiliate, FirstService Financial, Inc. (FFI), assists clients of FirstService Residential in obtaining financing at the most competitive interest rates and terms available. FFI has facilitated or assisted in loan placements in excess of $1 billion for cooperatives and condominium associations.

FirstService Residential is pleased to report that 265 properties in our management portfolio collectively received $981,639 in dividends by participating in Safety Group #561—the largest and most successful Workers’ Compensation Safety Group for real estate in New York State.

To support our commitment to improving the efficiency of multifamily properties throughout New York City, FirstService Residential hosted an informative presentation for board members that was jointly sponsored by the Mayor's Office of Sustainability and Manhattan’s Community Board 6.

The board of Kips Bay Towers Condominium, in its endless quest to implement sustainable measures at its Midtown East complex —which comprises 1,118 apartments and spans 7.5 acres—expressed an interest in purchasing renewable energy.

From building operations and maintenance to financial management, contractor negotiations, and board and resident communications, a day in the life of an NYC property manager is ever-changing. It takes a special personality to navigate the intellectual rigors of this job. Among the many factors that make a good property manager and a successful management company, is the effective staff management for their building. Read on to learn more.