For the second consecutive year, FirstService Residential is ranked New York’s top property management company by The Real Deal. To rank the city’s top property managers, The Real Deal analyzed the number of units under management using building data from the Department of Housing Preservation and Development from all five boroughs.
By the close of Q3 2023, FirstService’s New York management portfolio exceeded 620 properties, comprising just under 93,000 individual units. That figure surpassed the firm’s closest competitor by more than 18,000 units but excludes properties and units the company manages outside the five boroughs, including Westchester County and Long Island.

"While New York City’s real estate market was challenging in 2023, we still see developers looking to move forward with diverse projects in different segments of the market. We continue to see strong activity in the mixed-use space, where we see projects that include residential, office, hotel, and retail components. Interest in the rental market also remains strong. Many developers are looking for properties that are right for conversion from commercial to residential use because work-from-home is here to stay."

— Marc Kotler |  President, FirstService Residential's New Development Group


*Graphic originally published The Real Deal with data provided by New York City HPD as of October 17, 2023, from all boroughs.
Prior to The Real Deal ranking, FirstService Residential was named SiteCompli’s 2023 Organization of the Year, a Certified™ by Great Place to Work®, and 2023 Accredited Management Organization of the Year by the Greater New York Chapter of the Institute of Real Estate Management (IREM®).
Marc Kotler was also named 2023 Influencer in Multifamily Real Estate by GlobeSt. Real Estate Forum, the premier publication for commercial real estate owners, investors, developers, brokers, and finance professionals.
Dec 05, 2023