Cooper Square Realty,
a subsidiary of FirstService Residential Management, is one of the
largest residential property management companies in New York City. It
manages 437 condominiums, cooperatives, and rental properties in New
York City, including the Plaza Residences, 10 West End Avenue and One
Lincoln Square, with an aggregate value of over $5 billion.
How profitable is your business today compared to say five years ago?
Our net income is four times higher and our staff has increased more than 150 percent.
A group of 45 unit owners at Rector Square condominium in Battery Park filed a $100 million lawsuit against Yair Levy, Michael Shvo and you, alleging widespread fraud, negligence and misrepresentation. How do you respond to the suit?
In a lawsuit of this size — there are 12 defendants named — the
plaintiffs included as many parties as possible. As the managing agent,
we were also named. The majority of claims are unrelated to our role as
managing agent; we did nothing wrong.
Compiled by Lauren Elkies. [more]


