FirstService Residential Adds 4,700+ Units to its New York Property Management Portfolio
NEW YORK, NY, February 3, 2025 – FirstService Residential the leading property management company in the New York metropolitan area, added more than 4,700 residential units to its client portfolio in 2024. The mix of units includes steady-state condominium, cooperative, and multifamily rental apartments, as well as newly constructed high-rise and ultra-luxury residences, and multi-building complexes.
Among the largest additions to the company’s management portfolio are One and Two Waterline Square, two newly constructed residential towers offering 216 pristine condominiums and access to more than 100,000 square feet of amenities in Upper West Side, Manhattan; The Dupont, a 381-unit rental tower in Brooklyn’s Greenpoint Landing neighborhood; The Residences at 400 Fifth Avenue, a mixed-use property comprising 190 luxury condominiums and a 214-key, five-star hotel in Midtown, Manhattan; and 56 Pine, a landmarked condominium tower in Manhattan’s Financial District.
For the third consecutive year, FirstService Residential placed first in The Real Deal’s annual ranking of New York City’s top property management companies. Earlier in 2024, FirstService was selected by Great Place To Work® and Fortune as one of the Best Workplaces for Women™ and a Best Workplace in Real Estate, named a Work Wellbeing 100 Company by Indeed, and awarded a Great Place To Work® Certification for the second consecutive year.
The company was also selected to participate in the Empire Building Challenge, a competitive $50 million initiative administered by the New York State Energy Research and Development Authority (NYSERDA) to decarbonize existing multifamily residential and commercial high-rise buildings.
Among the largest additions to the company’s management portfolio are One and Two Waterline Square, two newly constructed residential towers offering 216 pristine condominiums and access to more than 100,000 square feet of amenities in Upper West Side, Manhattan; The Dupont, a 381-unit rental tower in Brooklyn’s Greenpoint Landing neighborhood; The Residences at 400 Fifth Avenue, a mixed-use property comprising 190 luxury condominiums and a 214-key, five-star hotel in Midtown, Manhattan; and 56 Pine, a landmarked condominium tower in Manhattan’s Financial District.
"FirstService Residential is more than a management company. Our mission is to simplify what it means to be a board member, enhance the resident experience, and maximize ROI for multifamily building owners and asset management groups. We also recognize the importance of secure, automated technologies and continue to make investments in AI-powered building management systems, financial reporting, and analytics."— Stephen Dunmore, President | FirstService Residential New York
For the third consecutive year, FirstService Residential placed first in The Real Deal’s annual ranking of New York City’s top property management companies. Earlier in 2024, FirstService was selected by Great Place To Work® and Fortune as one of the Best Workplaces for Women™ and a Best Workplace in Real Estate, named a Work Wellbeing 100 Company by Indeed, and awarded a Great Place To Work® Certification for the second consecutive year.
The company was also selected to participate in the Empire Building Challenge, a competitive $50 million initiative administered by the New York State Energy Research and Development Authority (NYSERDA) to decarbonize existing multifamily residential and commercial high-rise buildings.