Castellan Real Estate Partners, headquartered in New York City, serves as a leader in real estate investment. The company purchases, develops, and manages a number of multi-family properties in affordable, sought-after neighborhoods. Over the past decade, Castellan Real Estate Partners has acquired undervalued properties and, after managing them effectively for several years, sold them at double or triple its initial investment.
The company is also serious about reducing its corporate carbon footprint. It has initiated a drive to make all the properties it owns as energy-efficient as possible. Not only is this the right choice for the city’s environment and the company’s tenants, it makes a considerable contribution to the reduction of expenses.
Among the improvements the firm’s leadership has undertaken is the utilization of close to $2 million in grants from the state Weatherization Assistance Program (WAP). Funding from the WAP is available not only to individual homeowners, but to rental property owners as well, based on tenant income eligibility.
New York’s WAP can offer services such as attic insulation, installation of energy-efficient appliances, sealing cracks, renovation of heating systems, repair of mold-causing ventilation bottlenecks, and more. Weatherization services are of particular benefit in New York, which is home to numerous older buildings constructed when energy costs were low. Bringing these buildings up to current standards for energy efficiency increases their value and demonstrates a commitment to tenant comfort and safety.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.