In New York City’s competitive rental market, property owners and managers face constant pressure to fill vacancies quickly. However, rushing through the tenant selection process can create long-term headaches—from late payments and lease violations to costly evictions. A thorough and consistent tenant screening process is essential for minimizing risk while protecting your investment property. Below [...]
When it comes to investing in New York City real estate, two boroughs often dominate the conversation: Brooklyn and Queens. Both have experienced significant growth over the past two decades, transforming from overlooked areas into hotbeds of residential and commercial development. Yet, for an investor, the choice between Brooklyn and Queens isn’t just about reputation—it’s [...]
In a city as fast-paced and competitive as New York, property owners and managers often juggle countless responsibilities. Between tenant requests, compliance with city regulations, and daily operations, it’s easy for building repairs and routine maintenance to slip down the priority list. However, postponing upkeep in New York City can come at a steep cost—financially, [...]
Manhattan has long been the beating heart of corporate America—home to the headquarters of global banks, media giants, law firms, and tech startups alike. For decades, the demand for office space here was driven by a single assumption: everyone worked in the office, five days a week. But the rise of hybrid work has turned [...]
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 [...]
Brooklyn’s real estate market entered 2025 with sustained strength and evolving dynamics across sales and rentals. Here’s a comprehensive look at the borough’s hottest neighborhoods, standout developments, and rental shifts you should know about. What’s Hot Steady Sales with Rising Prices In early 2025, signed contracts in Brooklyn grew by 7% year-over-year, reflecting strong buyer [...]
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 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 [...]
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.
