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 not want to see an increase in median rent prices in our State.
- While I can't grow my rent roll, I am committed to exploring initiatives in cutting my expenses.
- I am committed to finding programs, incentives, and rebates offered by the city, state, and federal government to improve my building and its bottom line.
- I am committed to cutting my energy costs up to 80% from 2018 levels.
- I want to engage a third-party to execute all energy cost cutting measures while I can determine other strategies on growing our portfolio.
- I want to file for a refinance and pull out additional proceeds above my current debt amount by the end of 2020.
- I commit to providing my investors with an innovative quarterly update on how we are re-engineering our building's energy and cutting operating costs.
- I want to achieve my preferred returns for myself and my investors in 2020.
The Path To Getting There
- STRATCO's Sustainability Division is a total solution provider to analyze the existing conditions, source financing/rebates/incentives, develop a strategic energy plan, project manage the retrofit, monitor and evaluate the data post-job completion.
- STRATCO has access and expertise on rebates and incentives offered by the Federal, State, and local governments on sustainability measures targeting NYC multi-family buildings.
- STRATCO has been working with some of its clients on retrofitting its buildings.
- STRATCO is able to cut your energy consumption 25-80% from your current levels based on new technologies available in the market.
- STRATCO will provide you with a road map of savings, project execution, and financial analysis to increase your property's bottom line.
- Click here to learn more about these services or call 646-760-9723
- To listen to the NAIOP webinar (12/11/19) outlining the State of the NYC Multi-Family Market hosted by B6's Mitchel Flaherty and STRATCO's Rob Sedaghatpour, click below
- To learn more about STRATCO's property management services, click here
- To reach STRATCO regarding any other matter, click here
Thank you,
Robert Sedaghatpour
646-760-9723
robert@stratcoproperty.com