Increasing NOI In Stabilized Class A Office High Rise
Each of SL Green’s assets across New York City spend millions of dollars per year on utilities, maintenance, and repairs. Reducing these operating costs by even small percentages can have a significant impact on the net operating income (NOI) of the property.
$170,000+
in Savings Identified
What We Did
Enertiv’s initial goal was to quantify overtime HVAC costs in order to add empirical evidence to the rates the company was charging tenants. Over the course of the year, while the Enertiv Platform calculated these costs, the SL Green engineering team went about deploying a series of optimizations unlocked by Enertiv’s equipment monitoring that couldn’t be found with the BMS alone.
How It Turned Out
After one year of tracking the cost of running HVAC systems during overtime hours, the SL Green team was pleased to discover that the data backed up their current operating cost structure.
As a bonus, the engineering team was now armed with additional data streams and analytics, as well as a digital twin for remote building access.
“Enertiv has shown an ability to continuously innovate to meet our needs. Their platform has made our work easier at multiple levels of the organization.”
