There are lots of things co-op and condo buildings can do to reduce energy waste and save themselves and their residents money. Submetering is one way - and here, an energy pro discusses a few key points boards should know when contemplatin…
New York City condo owner John Doe lost his job and couldn’t pay his bills. Eventually, the bank foreclosed on the mortgage to his condominium apartment, and Joe was forced to move. On his way out the door, the disgruntled Mr. Doe—who alway…
While having goods and services like retail stores, banks and dry cleaners on-site can be convenient and viewed as a positive by co-op or condo unit owners and neighbors, not every commercial tenant is a good fit for every community or HOA…
It’s a beautiful Friday night and you’re out to dinner with four of your best buddies. The restaurant's ambiance is exquisite and the food is divine. You’re on a budget, so you stick to ordering a delicious appetizer and some tasty soup, w…
It’s no secret these days that co-op and condo operating costs are going through the roof, so to speak, and boards and managers are all looking for effective ways to generate cost savings. Building management looks at fuel and energy u…
Some multifamily buildings have direct metering—the utility owns each apartment’s meter, and each resident pays directly to the utility based on an individual utility rate. Others don’t have electric metering of individual units—the enti…
Two research and development projects are currently underway in Manhattan where the New York State Energy Research and Development Authority (NYSERDA), the state agency that promotes energy efficiency, is supporting the development and …
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Recent studies of energy usage in multifamily buildings have revealed that the least efficient buildings use up to seven times the energy of the most efficient—even when those buildings are otherwise similar. It should surprise few …
You don’t need to go too far back to be reminded about energy conservation. Remember the stifling triple-digit heat in August? The power outages in Queens due to the strain on the distribution grids? And the annual call by public officia…