Lido Beach Towers is an exciting addition to our portfolio and we are thrilled that the Board of Directors selected us as their management partner.
New York (PRWEB) July 10, 2012
Cooper Square Realty, the New York subsidiary of FirstService Residential Management, has been selected to manage Lido Beach Towers Condominium. This 184-unit luxury property -- known as The Pink Lady -- was formerly the majestic Lido Beach Hotel, which served for half a century as the centerpiece of Long Island's South Shore beach community.
Cooper Square Realty’s CityLine Division, headed by President Keith Werny, will oversee the day to day operation of the property, which features a private beach, tennis courts, clubhouse, health club, and billiard room among its amenities.
With its unique castle like architecture and original pink façade, the building was completed in 1929 as a 300 room hotel. It was converted to condominium use in 1981. In its first incarnation, the property was designed to be an exclusive seaside country club reminiscent of a Riviera spa.
"We are proud to be associated with this iconic crown jewel of Long Island's South Shore,” says Keith Werny, President, CityLine Division. “Lido Beach Towers is an exciting addition to our portfolio and we are thrilled that the Board of Directors selected us as their management partner.”
Cooper Square Realty, with more than 500 managed properties across the five boroughs, is able to offer a full menu of services to its clients that is unmatched by other management companies. Some of these include: reduced rates on electricity and gas; reserve fund interest enhancements; online sale & lease applications; discounts on real estate tax certiorari fees; customized energy plans; energy services agreements and loans to facilitate retrofit projects; capital project financial solutions; and bulk purchasing rates for services and supplies.
“With the addition of Lido Beach Towers Condominium, we look forward to an ever-increasing presence on Long Island,” says Werny.
About Cooper Square Realty
Cooper Square Realty is the premier residential property management company in New York City and also offers project management and energy management services. Cooper Square’s portfolio comprises upwards of 500 condominiums, cooperatives, and rental properties with an aggregate value of over $6 billion. The company manages more than 70,000 residences that are home to more than 200,000 people. These include distinctive lifestyle properties such as The Plaza Residences, luxury residential towers such as New York by Gehry, new developments, prewar landmark buildings, and apartment complexes. Further information is available at http://www.coopersquare.com.
Cooper Square Realty is a subsidiary of FirstService Residential Management (http://www.fsresidential.com), North America’s premier residential property management company, overseeing more than 5,600 properties and over 1.3 million residential units. FSR is a subsidiary of FirstService Corporation (NASDAQ: FSRV TSX: FSV), a global leader in the rapidly growing real estate services sector. Further information may be obtained at http://www.firstservice.com.
FirstService Corporation is a global leader in the rapidly growing real estate services sector, providing a variety of services in: commercial real estate, residential property management, and property services. As one of the largest property managers in the world, FirstService manages more than 2.3 billion square feet of residential and commercial properties through its three industry-leading service platforms: Colliers International, one of the largest global players in commercial real estate services; FirstService Residential Management, the largest manager of residential communities in North America; and Property Services, including Field Asset Services, one of America’s largest providers of property preservation and distressed asset management and FS Brands, one of North America’s largest providers of property services through franchise networks.
FirstService generates over US$2.2 billion in annual revenues and has more than 23,000 employees worldwide. More information about FirstService is available at http://www.firstservice.com.