NEW YORK, NY March 25, 2024 – FirstService Residential, the leading property management company in the New York metropolitan area, added 7,750 residential units to its client portfolio in 2023. The mix of units includes steady-state condominium, cooperative, and multifamily rental units, as well as newly constructed high-rise and ultra-luxury residences.
Among the most notable additions to the company’s management portfolio are Claremont Hall, a 165-unit ultra-luxury condo tower recently completed by Robert A.M. Stern for L&M Development Partners; Woodside Central, a dual-tower, mixed-use complex in Queens with nearly 500 apartments developed by Madison Realty Capital; The Chrystie, a high-end, 361 unit rental property in Lower Manhattan; and 555 Waverly, a 191-unit boutique rental building in Clinton Hill, Brooklyn.

"Our continued investments in robust financial and operational systems, top-tier talent, and partnerships with AI-powered building management system developers is why thousands of board members and building owners trust FirstService Residential with their most valuable assets. Our team looks forward to continuing to add value to our clients by helping to reduce operating costs through our unique value-added services including banking, insurance, lending, and energy efficiency.”

Stephen Dunmore,  President | FirstService Residential New York

At the end of 2023, FirstService Residential placed first in The Real Deal’s annual ranking of New York City’s top property management companies.
In addition to property management operations, the company’s energy management and advisory subsidiary, FirstService Energy, secured millions of dollars in energy incentives and utility credits for FirstService clients, including the installation of electric vehicle charging stations, the integration of smart AI building management systems, LED lighting retrofits, and community distributed generation projects the drastically reduce a building’s carbon footprint.

Mar 25, 2024