$165,917
Year 1 Actual Savings
8 Months
Actual Payback Period
252 East 57th Street is a luxury NYC high-rise building in Manhattan. The building is part condo and part rental – they have different HVAC systems.
The rentals use heat pumps, but the condo apartments use four gas-fired boilers for heating and compressors to operate chillers for cooling. Each of the 95 condo units at 252 East 57th Street has four-pipe fan coil units for heating and cooling at any time.
Gene Kastner
Resident Manager
“Parity has from the beginning, from the first time I met them, been extraordinary. They delivered everything they promised. And that’s a rarity…Local Law 97 was a big factor but saving money is always sexy.”
We projected at least $90,156 in utility cost savings during our first year at 252 East 57th Street. We over-delivered and saved the building $165,917! That means instead of a 1.7 year payback period, the building saw its ROI in only 8 months.
Plus, we prevented 226 tons of CO2 from entering the atmosphere, which translates to $60,160 in potential reduced LL97 fine exposure.
Better yet, we helped generate an estimated $15,000 in DR revenue during the summer of 2024 through our automation and control of 252 East 57th Street’s HVAC systems.
Year 1 Actual Savings
Actual Payback Period
Year 1 Reduced CO2 Emissions
Contracted Guaranteed Savings
Projected Payback Period
Potential Reduced LL97 Fine Exposure
Contact us now to get started.
$44,233
Year 1 Actual Savings
10 Months
Actual Payback Period
$145,245
Year 1 Actual Savings
9 Months
Actual Payback Period
$104,003
Year 1 Actual Savings
8 Months
Actual Payback Period