The Vaux Condominium – New York, NY
In October 2017, we approached our client The Vaux, a 19-story high-rise condominium in NYC’s Upper West Side. Their $4 million reserve fund was underperforming and not taking advantage of exclusive products available to FirstService Residential clients. Overall, the portfolio was earning just $4,500 annually with an average yield of only 0.12%. They also had…