Articles and News

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 in-house 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.

FirstService Residential and FirstService Energy are prepared to help boards and owners identify capital improvements or retrofits that improve a building's energy efficiency score and letter grade.

New York City recently passed a series of new lead paint inspection laws that dictate how multifamily rental property owners must perform testing and maintenance moving forward.

Though inflation and economic uncertainty continue to impact property investments and transactions, multifamily stakeholders and institutional owners remain optimistic.