In New York City’s competitive commercial real estate market, sustainability is no longer a “nice to have”—it’s a business imperative. Tenants, investors, and city regulators are all pushing for greener, more energy-efficient buildings. For property owners, sustainable upgrades not only reduce operating costs and comply with regulations like Local Law 97, but they also boost [...]
Managing real estate in New York City is no small feat. Whether you own a single condo in Brooklyn or a portfolio of rental buildings across Manhattan, keeping up with tenant demands, maintenance issues, and local regulations can quickly become overwhelming. That’s where First Class Management (FCMRE) can help you. But how do you know [...]
New York City’s rent stabilization laws are among the most complex and far-reaching in the country. Designed to protect tenants from steep rent increases and ensure housing stability, these regulations create a unique set of responsibilities—and limitations—for property owners. If you own or manage a residential rental property in NYC, understanding the basics of rent [...]
The New York City commercial real estate (CRE) market has always been a dynamic and resilient landscape, shaped by economic cycles, technological innovations, demographic trends, and regulatory shifts. As we look ahead to the next decade, the future of CRE in NYC is poised for transformation. Here’s what property owners, investors, and developers can expect. [...]
New York City is at the forefront of sustainable urban development, offering a range of tax incentives to encourage the construction and retrofitting of green commercial buildings. These incentives not only promote environmental responsibility but also provide financial benefits to property owners and developers. 1. Green Roof Property Tax Abatement The Green Roof Property Tax [...]
New York City is home to some of the most architecturally and culturally significant commercial buildings in the world. From Beaux-Arts masterpieces to early 20th-century skyscrapers, these historic structures contribute to the city's identity and charm. However, owning and maintaining a historic commercial property in NYC comes with unique challenges that require thoughtful planning, compliance, [...]
Owning commercial property in New York City can be a lucrative investment, but managing it comes with a unique set of financial challenges, many of which are not immediately apparent to new or even seasoned property owners. Beyond taxes and routine maintenance, there are hidden costs that can significantly impact your bottom line. Here are [...]
Managing commercial property in New York City has always required navigating a complex web of rules, but in 2025, the landscape is more intricate than ever. A surge of new New York City property regulations, driven by climate goals, tenant protections, and technological advancements, is reshaping how property managers operate in the five boroughs. For [...]
New York City’s ambitious Local Law 97 (LL97) is set to significantly impact commercial real estate management in the coming years. As part of the city’s Climate Mobilization Act, LL97 mandates substantial reductions in greenhouse gas emissions from large buildings, aiming for a more sustainable urban environment. Enforcement began in 2024, so commercial property owners [...]
Our strong, relationships with national retailers, the broader real estate community, contractors, architects, engineers, and local municipalities offer significant benefits to property owners. We're proud to provide the most comprehensive property management services across metropolitan New York and Long Island.
