Low-Cost Options for LED Lighting

One of the options for reducing your property’s energy budget—and helping to improve the Energy Grade that the City gives it—is to replace existing lighting with LED bulbs. And there are currently numerous incentives being offered by ConEd and other entities to help offset the cost of converting to LEDs.

Increasing your building’s energy efficiency will not only help avoid future fines, as New York City implements the increasingly stringent rules of its Climate Mobilization Act, but will also add value to every apartment, as buyers look to own in those properties that can demonstrate a commitment to sustainability and reducing their carbon footprint.

As one of the easiest and least costly ways of addressing energy efficiency, converting to LED lighting should be part of your building’s sustainability initiatives.

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City Code Compliance Update

Keeping up with New York City’s ever-changing building regulations is a full-time job. That’s why our compliance department is constantly on top of new Local Laws and other safety issues that impact the properties we manage. Due to the expansion of the City’s Façade Inspection regulations, properties need to inspect and repair their exteriors on a regular basis to ensure the safety of balconies, parapets, brick, stone and other materials that overhang the sidewalks. The City’s Benchmarking program continues to expand in an effort to reduce carbon emissions throughout the five boroughs. Starting in 2020, buildings will be given “grades” from A to D, based on how energy efficient they are. These ratings may impact property values, adding to the incentive to improve energy conservation efforts in areas from lighting to heating and air conditioning.

Another new City regulation requires that all automatic elevators have “door lock monitors” installed and operational by January 1, 2020. The purpose of the monitors is to prevent elevators from operating unless the all the doors are closed on every floor of the elevator shaft. It also prevents the exterior elevator doors from opening if the elevator cab is not at that floor. The new safety requirement is designed to prevent anyone from being caught in an elevator door while the car is moving, or from falling into an open elevator shaft.

At Douglas Elliman Property Management, client safety and building compliance are of paramount importance. Your building manager is working to ensure that your property meets all City regulations. If you have any questions about building code compliance, don’t hesitate to contact your manager or our office at 212-370-9200.

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A new City regulation requires that all automatic elevators have “door lock monitors” installed and operational by January 1, 2020.

City Code Compliance Update

Keeping up with New York City’s ever-changing building regulations is a full-time job. That’s why our compliance department is constantly on top of new Local Laws and other safety issues that impact the properties we manage. Due to the expansion of the City’s façade inspection regulations, properties need to inspect and repair their exteriors on a regular basis to ensure the safety of balconies, parapets, brick, stone and other materials that overhang the sidewalks.

The City’s Benchmarking program continues to expand in an effort to reduce carbon emissions throughout the five boroughs. Starting in 2020, buildings will be given “grades” from A to F, based on how energy efficient they are. These ratings may impact property values, adding to the incentive to improve energy conservation efforts in areas from lighting to heating and air conditioning.

Another new City regulation requires that all automatic elevators have “door lock monitors” installed and operational by January 1, 2020. The purpose of the monitors is to prevent elevators from operating unless the all the doors are closed on every floor of the elevator shaft. It also prevents the exterior elevator doors from opening if the elevator cab is not at that floor. The new safety requirement is designed to prevent anyone from being caught in an elevator door while the car is moving, or from falling into an open elevator shaft.

At Douglas Elliman Property Management, client safety and building compliance are of paramount importance. Your building manager is working to ensure that your property meets all City regulations. If you have any questions about building code compliance, don’t hesitate to contact your manager or our office at 212-370-9200.

Top of the Woolworth building

New regulations from the Department of Buildings—from façade maintenance to elevator safety—are designed to protect residents and avoid accidents.

DEPM’s Closing Department is Dedicated to Helping Clients Through the Maze of Buying, Selling and Leasing

By Ian Mayglothling, Director, Closing Department Ian Mayglothling new High

The Douglas Elliman Closing Department is comprised of 14 Transfer Agents, 2 Closing Coordinators, 2 Administrators and 1 Lease Renewal Coordinator. The Department assists applicants and current owners with a variety of transactions such as sales, sublets, transfers of ownership and refinancing requests.

Transfer Agents are the main point of contact and assist applicants and their representatives throughout various transactions.  They offer guidance regarding individual building requirements and policies and how best to meet them. Because communication is key, our agents acknowledge the receipt of a package within 24 hours, and notify the relevant parties of any missing or deficient items no later than 7 business days after receipt.

Once a sale has received Board approval, Douglas Elliman’s Closing Coordinators take over.  Our Closing Coordinators communicate with the parties to schedule all in-house closings, ensure that all necessary documents and materials are in place, personally attend all closings and handle all of the post-closing work necessary to finalize the change of ownership in the building’s records. The support our Closing Coordinators provide to our Transfer Agents is invaluable as it allows our Transfer Agents to focus specifically on assisting our clients to navigate sometimes complex Board approval processes.

Douglas Elliman’s Closing Department is somewhat unique in that we have a dedicated Administrative team that supports the Transfer Agents and Closing Coordinators. The support the Administrative team provides allows other members of the Department to more easily focus on their primary responsibilities without distraction.

Recognizing that lease renewals are a vital part of Property Management, Douglas Elliman has a dedicated Lease Renewal Coordinator whose main function is to track expiring leases, generate lease renewal notices, process lease renewal requests and keep Douglas Elliman’s Property Managers up to date on the status of lease renewals in each managed property.

Douglas Elliman Property Management embraces new technology companywide and the Closing Department is no exception. Over the past few years, we have moved to a secure online platform that allows buyers, sellers, tenants and owners to complete and submit applications electronically and pay any required fees electronically. In addition to eliminating the need to print and deliver hundreds of pages of documents we are easily able to ensure that all fees are collected before a transaction moves forward.

Buyers, sellers, owners, tenants and brokers are able to collaborate remotely and securely from any location to complete and submit applications to the Douglas Elliman Transfer Agents. Client Boards can then review applications digitally from any location with each Board Member having their own unique and secure login credentials.  The platform displays applications in a very clean and user friendly manner that allows for easy navigation through the use of a series of bookmarks.

Douglas Elliman’s Closing Department works diligently to ensure that our clients receive expert service, attention to detail and the benefit of years of experience to handle each transaction properly and efficiently.

We look forward to assisting you.

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Douglas Elliman’s Closing Department works diligently to ensure that our clients receive expert service, attention to detail and the benefit of years of experience to handle each transaction properly and efficiently.

Douglas Elliman Property Management Ranked #1 in NYC

DEPM has been ranked #1 among Residential Property Managers in New York City. This year’s rating by The Real Deal Magazine is based on independently researched data provided by the NYC Department of Housing Preservation and Development.

Two years ago, Douglas Elliman won the Holy Grail of property management assignments: Co-op City. With 35 buildings and 15,000 units in the Bronx, the Mitchell-Lama project is the country’s largest cooperative housing complex,” reports The Real Deal, adding, “Douglas Elliman Property Management, which took the top spot with 28,022 units, is part of the residential brokerage giant (Douglas Elliman) with 113 offices across the country. In Manhattan, Elliman scored several new high-end condo developments, including 150 Charles Street, 215 Chrystie Street and 111 Murray Street.”

As we continue to add new properties to our portfolio, our ability to pass along valuable volume discounts to all of our client buildings brings more value than ever to our boards and residents. We are thrilled to be ranked #1 in NYC and we are dedicated to maintaining our reputation for offering the best property management in the industry. Since 1911, DEPM has been focused exclusively on the business of property management. Our managers have the experience and expertise to handle any issues that arise, from the most basic budget planning to the most complex property upgrades and maintenance issues. To read the full article at The Real Deal, click on this link: https://therealdeal.com/issues_articles/top-property-managers-nyc/Real Deal 2018