NYC Local Law 97: 2025 Compliance Update from the Department of Buildings

How can you ensure that shareholders/unit owners comply with the established rules without your board becoming the "building bad guys"?

We asked our CEO David Diestel about the distinct needs of condominium and cooperative boards and industry trends that impact building operations.

Our experts answered the most frequently asked questions to help owners and shareholders navigate requirements for the 2024-2025 tax abatement cycle.

The DOB has updated LL97 carbon emissions requirements for boards and building owners, including fines and violations for non-compliance, filing deadlines, and Good Faith Effort.

Property insurance is among the greatest rising costs for New York City condo and co-op boards, especially general liability and umbrella policies. FirstService Residential can help.

FirstService Residential is expected to deliver up to $10K in monthly electricity cost savings to buildings subscribed to a local Community Distributed Generation Program.

To help owners and shareholders navigate requirements for the 2023-2024 tax abatement cycle, our experts answered the most frequently asked questions.

FirstService Residential’s financial experts answered the most frequently asked questions about the current economic environment, potential impacts on building budget planning, reserve funds, and the role a property manager plays in the budget process.

Increasingly complex building regulations, rising costs, and inflation have shifted the needs of boards and building owners in New York City. The most successful property managers employ teams of experts who can triage the most sensitive issues.

In New York City, record-breaking median rent rates observed in summer 2022 are showing signs of relief, but remain elevated above historic averages.