Author: akam_admin
Here are New York City’s top property managers
Read the full article at The Real Deal online. The New York City property management landscape has largely returned to normal this year after nearly three years of pandemic-related disruption, with stability becoming a key factor for businesses focused on passive income streams. Tenant retention, reducing turnover, minimizing conflict, and navigating regulatory changes like sustainability… Continue reading Here are New York City’s top property managers
Why Owning (and Buying) a Florida Condo Has ‘Turned Into a Nightmare’
Read the full article at The New York Times online. In Florida, new laws requiring extensive building inspections and costly renovations for older condos have left many residents, particularly retirees, facing severe financial strain. The laws, enacted after the 2021 Champlain Towers South collapse, mandate that buildings 30 years or older undergo inspections and fund… Continue reading Why Owning (and Buying) a Florida Condo Has ‘Turned Into a Nightmare’
Exterior Safety Inspections: Why You Need Them and When to Do Them
Read the full article at CooperatorNews online. Incidents involving falling debris from a building’s facade are rare but hazardous and highlight the importance of routine exterior building inspections, which are essential for public safety and to mitigate liability for building owners. Facades, which are often exposed to the elements, can deteriorate over time due to… Continue reading Exterior Safety Inspections: Why You Need Them and When to Do Them
Upgrades and Renovations Make Florida Association Costs Higher and Push Owners to Sell
Read the full article at South Florida Business Journal online. The collapse of Champlain Towers South in Surfside has significantly impacted owners of older condos in South Florida, leading to increased financial burdens. With new state legislation requiring comprehensive inspections and structural integrity reserve studies for buildings over 30 years old, many condo associations face… Continue reading Upgrades and Renovations Make Florida Association Costs Higher and Push Owners to Sell
Cooling Tower Replacement Saves 40% on Energy and 50% on Water for NoMad Co-Op
Read the full article at Habitat online. The replacement of the cooling tower at 22 West 26th Street, a co-op in NoMad, is set to enhance energy efficiency, potentially achieving up to 40% in energy savings. The new, high-efficiency cooling tower features self-modulating controls that adjust cooling based on demand, significantly improving performance over the… Continue reading Cooling Tower Replacement Saves 40% on Energy and 50% on Water for NoMad Co-Op
AKAM Vice President, Adam Hirsch, Recognized as a 2024 Multifamily Real Estate Influencer by GlobeSt
See the full list of influencers at GlobeSt online. Adam Hirsch, AKAM’s Vice President of New Development, Rental (Multifamily) and Commercial Management, has been recognized as a 2024 Influencer in Multifamily Real Estate by GlobeSt. Hirsch is working toward an improved perception of multifamily property management that emphasizes the importance of proactively meeting client needs and understanding… Continue reading AKAM Vice President, Adam Hirsch, Recognized as a 2024 Multifamily Real Estate Influencer by GlobeSt
AKAM Selected to Manage The MC in Brooklyn
Read the full article at Mann Report online. The MC, a design-oriented rental development located between Bed-Stuy and Bushwick, has appointed AKAM as its Brooklyn property management firm. AKAM will provide onsite management staff to the building and assist developers, prospective residents, and current residents with leasing, occupation, and operational processes, among other responsibilities. “We’re… Continue reading AKAM Selected to Manage The MC in Brooklyn
New Rooftop Exhaust Fans Save NYC Condominium $24,000 Annually in Energy Costs
Read the full article at Habitat Magazine online. The Future Condominium in Kips Bay upgraded its exhaust fans, significantly cutting costs and earning an “A” energy efficiency grade. Con Edison covered 70% of the $120,000 project, reducing the condo’s expense to $38,000. The new ultra-efficient fans save the building $24,000 annually by allowing for adjustable… Continue reading New Rooftop Exhaust Fans Save NYC Condominium $24,000 Annually in Energy Costs
Co-op on West End Avenue Finances Riser Replacement with Innovative Payment Plan
Read the full article at Habitat Magazine online. A luxury co-op on West End Avenue is undertaking a multimillion-dollar riser replacement project without sufficient reserves by using an interest-free contractor payment plan. This allows the project, estimated at $2.3 million, to start immediately while easing financial strain on shareholders by stretching monthly assessments over nine… Continue reading Co-op on West End Avenue Finances Riser Replacement with Innovative Payment Plan
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