Parapet

Start with your Tax Abatement here

Buildings Save with Parapet
Money.Time.Sanity.

Financial technology built for co-owned real estate

Save up to 28% on Property Tax Bills

Saved buildings an average of $7k

Quick and easy financing for improvements

Never call 311 for condo / co-op finances again

Reduce the cost of running your building

Parapet automatically analyzes expenses, identifies ways to lower costs and reminds you to complete money-saving tasks.

Reduce Expenses Parapet utilizes publicly available data to identify high value tax abatements and other ways to reduce building expenses. Automated reminders go to the treasurer and other co-owners regarding upcoming filing deadlines. Once the treasurer initiates the tasks, requests for required information go out to the building’s co-owners.

Shared understanding across co-owners Parapet helps co-owners understand the financial health of the building, save money and improve the building. Parapet keeps a running tally of tasks and deadlines so that there are no surprises.

Get real time help from Parapet Ask Parapet about issues related to your building finances and receive real time responses. Get the financial guidance and support your building deserves.

Real time insights into your building's finances

Parapet analyzes the building's bank account and provides insights and transparency to the co-owners.

Parapet seamlessly integrates with the building’s bank account and identifies trends to keep the co-owners in control of the financial health of the building.

Automate your tax abatement submission and save

File your 2022/23 Condominium and Cooperative Property Tax Abatement for free today!

Most condos and coops in Brooklyn are not taking full advantage of all available property tax abatements.

Parapet utilizes publicly available data to identify available property tax abatements and other ways to reduce building expenses. Automated reminders are sent to the building’s treasurer to ensure that upcoming filing deadlines are not missed. The subsequent collection of required information from co-owners is streamlined and organized.

Payments

Automated. Simple.

Automate monthly payments between the bank account of each co-owner and the building account. No more paper checks to mail, process and deposit each month. No more manual reconciliation of who paid and who did not.

Parapet’s comprehensive payments functionality will bring your building online and ensure that accounts receivables are received, deposited, reconciled and ready for end-of-the-year tax preparation.

Recurring Payments Schedule automated payments to the building account. This eliminates the need for paper checks and coordination of payments across banking platforms.

Reminders Parapet reminds co-owners that are behind on a payment. This functionality removes the treasurer from the awkward position of bill collector.

One-off Payments Coordinating one-time payments for special assessments can be challenging. Parapet handles this with ease.

Credit and Debit - Coming Soon! Parapet’s suite of products for small to medium self-managed condos and coops is growing! Soon there will be credit and debit card offerings!

Blog Name June 3 Lorem ipsum dolor sit amet, consectetur adipiscing elit. Luctus vel nisl mi sit. Risus aliquet quam orci nunc. Eget feugiat blandit lectus et. Vitae velit egestas. 4 min read->

[email protected]