FirstService Residential

FirstService Residential NYC portfolio

$178.6 million* – C6 53%, D4 32%; Queens 53%, Manhattan 28%

801th largest portfolio by dollar value

2,225,192 sqft – C6 45%, D4 34%;

139th largest by SF

9 properties – Queens 44%, Manhattan 33%

906th largest

2,090 residential units – Queens 40%, Manhattan 29%

99th largest by residential units

Top Ten Associated Companies:

Valley National Bank (4), National Cooperative Bank (1), Apple Bank for Savings (1)

Top Ten Associated People:

Jeenal V. Shah (1), Christopher J. Coiley (1), Jeenal Shah (1)

Recent activity as company:

FirstService Residential borrowed $13 million from Valley National Bank for 221-22 Manor Road, 224-01 Hillside Avenue, 224-10 Hillside Avenue, and 227-01 Hillside Avenue, Bellerose Manor, Queens on June 28, 2022.

FirstService Residential borrowed $13 million from Valley National Bank for 200 East 74th Street, Lenox Hill, Manhattan on September 07, 2021.

FirstService Residential borrowed $13.5 million from Apple Bank for Savings for 1652 1st Avenue, Yorkville, Manhattan on August 25, 2021.

FirstService Residential borrowed $16.5 million from National Cooperative Bank for 5600 Netherland Avenue, North Riverdale, Bronx on August 19, 2021.

FirstService Residential borrowed $7.5 million from Valley National Bank for 1170 Ocean Parkway and 1170 Ocean Parkway, Kensington, Brooklyn on May 13, 2021.

FirstService Residential borrowed $11.3 million from Valley National Bank for 2 Horatio Street, West Village, Manhattan on May 10, 2021.

Properties:

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*The Portfolio Value is a PincusCo estimate based on a property’s recent sale or loan, or multiplying the city’s Market Value by two.

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