With more than 800 properties in our New York portfolio, we know how to achieve smooth-running, financially sound properties that maximize occupancy and income. Our experts offer comprehensive consulting and advisory solutions to institutional investors, family-owned portfolios, and developers. To date, we’ve opened nearly 200 pristine developments, and more than 95% of our clients retain FirstService for full-service management upon completion.
We provide end-to-end solutions and personalized services that span all stages of the project lifecycle and are tailored to the unique attributes of each property.
Pre-development consulting- Design document review
- Analyzing proposed amenities
- Reviewing interior organization and unit numbering schemes
- TCO phase scheduling
- Estimated tax assessments
- Utility cost projections
- Lease audits to support compliance with rent stabilization and 421a requirements
- Compliance audit and strategic roadmap to resolve open violations
- Engage third-party prop-tech providers to enhance tenant lifestyle
- Recommendations for cost-effective interior and amenity upgrades and untapped revenue streams
- Back-of-house operations and maintenance review
- Confirm all lease amounts, expiries, and anticipated renewal rates
- Review existing documents and required signatures
- Verify security deposits, tenant ledgers, and contact information
- Confirm the number of occupants and pets per unit
- Review existing lease terms and suggest amendments to mitigate exposure
- Building staff recruitment, training, and phase-in schedule
- Union negotiations for building staff
- Resident manager hiring
- Tenant welcome package and resident manual
- Security system and door keying schedule review
Comprehensive market analysis
Our detailed market analysis reports are updated with the latest trends and data:- Pricing trends in competing rental developments
- Market values of competing properties
- Trends in concessions and incentives
- Rental programs at competing properties
- Amenity programming and fee generation
- Social programming and events that elevate tenant lifestyle and bolster retention