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

President Dan Wurtzel is quoted extensively in the July issue of Multi-Housing News discussing FirstService Residential's fifth year distributing Energy Report Cards to our clients.

Attorney Stuart Saft, a partner at Holland & Knight, addressed the topic of “Increasing Co-op Values in a Condo-centric World” at the May Managers’ Meeting. With condos in New York City selling for approximately 20% more than co-ops, Saft proposed several actions a co-op board could take to increase the value of its apartments.

Senior Vice President Marc Kotler discusses creative and resourceful angles regarding doormen uniforms in the June issue of Habitat magazine.

Does your building have:
(1)   A central cooling system?
(2)   Peak demand of at least 250kW?
(3)   Areas where power can be shut down temporarily without significant impact?
 
If you answered “yes” to these questions, your building is likely a candidate for demand response. Multifamily properties that participate in demand response programs can earn up to $15,000 a year for every 100kW of load relief provided. 

FS Project Management, a subsidiary of FirstService Residential, won in the Building Systems category for Flood Panels, a mitigation system designed to protect critical building components from interruption due to flooding caused by storms and natural disasters.

FirstService Residential’s new lifestyle blog, The Elements of Living, offers fresh ideas and insights into how to live better and get more out of life.

The increasing popularity of short-term rentals, primarily driven by home sharing websites like Airbnb, poses a serious threat to the safety, security, quality-of-life, and sense of community within New York City’s residential buildings.

Clubhouses and Community Rooms for Co-ops & Condos

President Dan Wurtzel talks about forming our company’s FS Project Management subsidiary ten years ago to fill a void in providing professional oversight of capital improvement projects in the May edition of Habitat magazine.