We Welcome New Properties to Our Portfolio

By Jim O’Connor, President

Dozens of properties have joined the DEPM portfolio in the first few months of the year, and we are delighted to welcome them to our unique brand of property management, enhanced by the wealth of knowledge we have gained in more than 100 years of service.

We are thrilled to welcome so many new properties into the DEPM management portfolio. There’s no question that what sets our service apart from other companies is our people. We have the best managers on our team, and they stay with us for years; sometimes for decades. A full 180 of our 240-plus employees have been with the company for over 15 years. Along with our recent growth, we have hired a number of excellent new managing agents who have been blending in beautifully with our existing team.

Just last month, Co-op City, the largest cooperative housing development in the world, brought DEPM on board to help manage the 15,372-unit property, consisting of more than 35 high-rise buildings on 320 acres in the Bronx.

Co-op City.jpg

Welcome Co-op City! The largest cooperative in the world recently joined the DEPM portfolio.

Located in the East 50s overlooking the East River, 25 Sutton Place South also recently switched to Douglas Elliman Property Management. Built in 1959, the 320-unit co-op is perched above the FDR Drive, providing unobstructed river views, as well as a beautifully landscaped garden where residents can sit and enjoy the outdoors while watching the passing boats.

25 sutton place south

Welcome 25 Sutton Place South, a 320-unit co-op on the East River.

The range of new properties that have joined the DEPM portfolio runs the gamut from luxury pre-war properties like 1160 Park Avenue to new buildings on the far West Side and Downtown; from the Bay Club Condominium in Bayside, Queens to the leafy townhouse enclave of Brooklands in Bronxville.

While the DEPM management team is proud of the current growth of our organization, we are equally proud of the long-term relationships we have maintained since the company was founded in 1911.

One of our oldest clients is 911 Park Avenue, where Board President Michael Rankowitz says, “In the 51 years that Douglas Elliman has managed our property, we have always been impressed by their professionalism and attention to detail. While much has changed since 1965, one thing we can always count on is that our Park Avenue co-op receives the service and attention we need from our management team.”

911 Park

911 Park Avenue has been with DEPM for over 50 years.

As one of the City’s largest management firms, DEPM provides central purchasing of supplies, insurance and energy to help our clients control costs. Each building is assigned a financial analyst to work on budgets and investments. The firm offers mortgage, closing and brokerage services through its other divisions. But above all, it is our breadth of experience and longevity in the business that truly sets DEPM apart. For more information, contact me directly, DEPM President Jim O’Connor at 212-370-9200 or info@ellimanpm.com.

 

DEPM Videos Highlight Our Strengths

What makes DEPM stand out from the crowd? According to company President Jim O’Connor, “Clearly, what separates us from other management firms is our people. Fully 180 of our 240-plus employees have been with us for over 15 years.”

Toni Hanson, Vice President of Management adds, “We attract great managers and I think it’s because we have a wonderful support group. And because of that our clients stay with us for a long time. I personally have one client that has been with us since the 1950’s. And we’re very proud of that.”

In a recent video, Jim O’Connor also talks about how DEPM is able to save our clients considerable amounts of money: “Our central purchasing department consistently buys supplies at five to 15 percent lower than our competition. We also purchase insurance for our buildings. We have two competing master insurance programs, each of which offers umbrella liability coverage of $150 million aggregate per building.”

When it comes to energy savings, he adds, “We have demonstrated recurring savings of over $3 million a year for the last three years.”

In our Energy Savings video, Peter Lampen, Vice President + Architect for DEPM, adds, “A good example of the kind of savings measures that we’ve been able to implement, which save energy costs for the buildings and reduce their long-term capital expenditures, as well as benefit the City and the environment through carbon reduction, are boiler conversions. This has represented a significant savings to buildings.”

To view the videos in their entirely, visit our YouTube channel at bit.ly/DEPMvideo.

DEPM's long-term staff and cost-savings are two of the things that set us apart from other firms in the industry. Pictured here are VP Toni Hanson, CFO Harris Bornstein, President Jim O'Connor, and VPs Peter Lampen and Elly Pateras. Listen to more on our videos at bit.ly/DEPMvideo.

DEPM’s long-term staff and cost-savings are two of the things that set us apart from other firms in the industry. Pictured here are VP Toni Hanson, CFO Harris Bornstein, President Jim O’Connor, and VPs Peter Lampen and Elly Pateras. Listen to more on our videos at bit.ly/DEPMvideo.

Remote Controls Saved This Building 15% on Heating Fuel

DEPM recently embarked on a very interesting project to save energy and cut fuel costs at one of our properties, a 38-building complex that straddles the Sunnyside and Woodside neighborhoods in Queens.

The residential rental property has been owner managed for over 50 years, but recently, DEPM was brought in to provide professional management. All facets of the property were evaluated, and one of the first initiatives was to analyze heating costs, operations and procedures. After some analysis, we determined that the complex was a prime candidate for a fully computerized, remotely managed heat control system.

Here’s how it works: Sensors are placed in the buildings to determine the heat levels throughout each property. Then the computerized controls determine if any heat is called for. The machines monitor how each boiler is operating, and send out a signal to an app that DEPM managers, supers and emergency staff all have on their iphones.

On this app, from literally anywhere, DEPM can monitor and control heat, discover immediately if there is a problem with any of the boilers, and adjust heat to any of the buildings remotely.

Last winter, even though it was one of the coldest in many years, these new controls and monitors saved this property 15% on gas bills! And because National Grid offers a large rebate on the installation of these controls, there is the opportunity for further discounts, and even greater savings.

For more information on using these types of computerized controls in your property, email us at info@ellimanpm.com.

DEPM can monitor and control heat, discover immediately if there is a problem with any of the boilers, and adjust heat to any of the buildings remotely.

DEPM can monitor and control heat, discover immediately if there is a problem with any of the boilers, and adjust heat to any of the buildings remotely.

Prepare Now for Winter Fuel Efficiency

iStock_000001333763lowKeeping your building running smoothly throughout the cold winter months is always a challenge. By preparing early, your property can save money, reduce fuel consumption, and increase the comfort and convenience of residents. By following these strategies for winter preparation, your building can batten down the hatches against the coming cold, maintain clear and safe common areas, and keep fuel costs down this winter. It’s best to start preparations early before the first winter weather hits.

• Review and restock your inventory of snow/storm related items, including Ice and Snow Melt, which were in short supply last winter
• Service the snow blower
• Check the supply and condition of snow shovels
• Clean and prepare winter uniforms, including work gloves and winter gear
• Close off automatic irrigation systems and drain lines
• Schedule year-end service for central air systems
• Schedule pre-season inspection of heating systems
• Close, service and install insulation covers on through-wall and window A/C units
• Secure all items on roofs and balconies to immobilize them in the event of a wind storm
• Move all planters away from walls to allow snow removal around perimeter
• Inspect all-weather carpets and runners to ensure good condition
• Review emergency procedures for residents and staff, and update as needed
• Review and update list of residents with special needs in case they need assistance
• Review and update telephone call list for staff in case there is a problem with public transportation
• Be sure list of staff cell phone numbers is accurate and up to date.
• Prepare a list of staff members who are available to come in early in case of emergency or storm
• Have petty cash available for coffee and food pizza for staff if there is an extended work period
• Have trees on the property trimmed to remove dead or broken limbs
• Call 311 for street trees that need pruning
• Have working thermometers on hand to check heat levels in apartments and public areas
• Check areas where pipes have frozen before to make sure they are well insulated and or protected
• Check exterior doors for weather stripping
• Clean out problem drains that may have backed up before
• Call 311 if there are public drains that need to be attended