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Wrong Thomas Pasquazi?

Thomas A. Pasquazi

Director of Management

Orsid Realty Corp.

HQ Phone:  (212) 247-2603

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I agree to the Terms of Service and Privacy Policy. I understand that I will receive a subscription to ZoomInfo Community Edition at no charge in exchange for downloading and installing the ZoomInfo Contact Contributor utility which, among other features, involves sharing my business contacts as well as headers and signature blocks from emails that I receive.

Orsid Realty Corp.

1740 Broadway 2Nd Floor

New York City, New York,10019

United States

Company Description

ORSID provides Asset and Property Management services for rental apartment buildings in the New York metropolitan area. We enhance the value of these assets by employing the same detailed orientation we provide for cooperatives and condominiums. Our 50+ years ... more

Find other employees at this company (144)

Web References(8 Total References)


cooperator.com

Not to be overlooked is the maintenance of the tank's supporting structure, says Tom Pasquazi, managing director of Orsid Realty, a Manhattan property management firm.
In a worst case scenario a perfectly good water tank may have to be taken out of commission, which means dismantling it and putting the building on bypass, so a deteriorating supporting structure can be replaced. Of course, such extreme measures can easily be avoided if the management company and the building superintendent ensure that the supporting structure is scraped and painted on a regular basis. Pasquazi also notes that some buildings have decorative enclosures to hide their water tanks and to protect them from the elements, which also need to be maintained.


cooperator.com

The biggest problem facing co-ops and condos, says Tom Pasquazi, Orsid's director of management, is the line of demarcation for responsibility to deal with the lead-based paint.
The interpretations we've gotten from insurance companies and attorneys is that responsibility for dealing with lead-based paint follows the same lines of responsibility as outlined in the proprietary lease or offering plan. Typically, proprietary leases and offering plans stipulate that repair or maintenance responsibility for features inside units falls to the shareholder or unit owner when the feature is outside the walls, and to the building when the feature (such as pipes) is inside the walls. The repair or maintenance responsibility for features of a decorative nature within residential units almost universally falls to the shareholder or unit owner, and paint is generally considered to be such a decorative feature. According to Pasquazi, A co-op or condo's exposure generally falls to the common areas, such as lobbies, hallways, basements, etc. In cases where responsibility isn't clearly defined, the responsibility generally falls to the co-op or condo.


cooperator.com

The only simple solution is for the cooperative to agree to accept below market rents from its commercial tenants, and Thomas Pasquazi, vice-president of Orsid Realty Corp., points out that a number of cooperatives have been forced to take this alternative.


cooperator.com

Not to be overlooked is the maintenance of the tank's supporting structure, says Tom Pasquazi, managing director of Orsid Realty, a Manhattan property management firm.In a worst case scenario a perfectly good water tank may have to be taken out of commission, which means dismantling it and putting the building on bypass, so a deteriorating supporting structure can be replaced.Of course, such extreme measures can easily be avoided if the management company and the building superintendent ensure that the supporting structure is scraped and painted on a regular basis.Pasquazi also notes that some buildings have decorative enclosures to hide their water tanks and to protect them from the elements, which also need to be maintained.


www.habitatmag.com [cached]

Tom Pasquazi II, executive vice president at Orsid Realty, says his company handled a maximum of five claims a year for its 85 properties, paying roughly $2,000 to $10,000 per claim.


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