January 2020 Update What Do We Focus On This Year? A NYC Multi-Family Owner's New Year Resolution I will not dwell on old legislation. I will accept the new reality of doing business in NYC. I realize that while one door closes, another one opens. I accept that the majority of the public does [...]
April 2020 COVID-19 & Sustainability Update A NYC Multi-Family Owner's Guide To Sustainability Dear Friends and Valued Clients, We're closely monitoring the Coronavirus (COVID-19) pandemic on the NYC real estate industry. Our business office is closed and are operating remotely should you have any needs. While the world has reached a near standstill, there [...]
Sustainability Update Follow Up Dear Client/Friend, My name is Rob Sedaghatpour. I am the president of STRATCO. We saw that you may have taken a further look at our April 2020 newsletter related to sustainability compliance. There is a meaningful opportunity for those that have office space to participate in a complementary energy study. [...]
May 2020 - News & Updates NYSERDA Multi-family Performance Program (MPP) We hope this newsletter finds you well. We are pleased to announce that STRATCO has been recently named a NYSERDA Multi-family Performance Provider (MPP). To learn more about what MPP is and how it may benefit your multi-family property, please click here . [...]
July 2020 - LED Lights Upgrades The Advantages of LED Lighting for your Business and the Environment LED Lights Background The Light Emitting Diode (LED) lighting revolution started over 10 years ago. Upgrading to LED lights can be energy-advantageous in virtually every niche. The technology is still offering a huge span of efficiencies among [...]
Development Sites & Your High Vacancy Rates Managing uncertainty and unforeseen circumstances are a constant part of a real estate developer’s purview. One year ago, many of us would never have envisioned, let alone underwritten, today’s reality of a 25% vacancy rate in prime market-rate buildings along with a collections rate of only 70%. [...]
Local Law 97 Newly Enacted Amendments Recent Changes to Local Law 97 of 2019: On October 29, 2020 the NYC City Council enacted Intro Bill 1947-2020A that amends the definition of rent-regulated accommodations to include only dwellings in which 35% or more of the dwelling units are required to be rent-regulated. What To Do [...]
NYSERDA's Commercial Tenant Program Office Broker's To Receive $5,000 What Is The Commercial Tenant Program "CTP"? The Commercial Tenant Program helps create actionable plans to reduce energy consumption over the life of a lease. The program covers up to 100% of the eligible consultant’s technical assistance fees. Commercial Broker Referral Program (LIMITED TIME OFFER): [...]
Are You Proud Of Your Building Energy Efficiency Letter Grade & Score? What is the Building Energy Efficiency Rating Grade Label? The building efficiency rating label derives from the Environmental Protection Agency's (EPA) Energy Star Portfolio Manager energy efficiency score and is compared with peer similar buildings energy performance in similar climates. As per [...]
January 2020 Newsletter Get Incentivized To Transform Your Gut Rehab To Energy Star Performance STRATCO is offering technical support and incentives for building developers that are doing gut rehabilitation projects. What is the Energy Star Program for NYC? This program intends to promote the increased levels of performance, up to and including net-zero energy [...]