Multifamily + Efficiency = Savings for Natlew Corporation

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Project Profile

“Our apartment building in Mount Vernon needed a boiler, which proved to be a prime time to review all of the energy saving measures that could be done. With funding from Mount Vernon’s Energize NY PACE and incentives from NYSERDA’s Multifamily program, we were able to make many improvements, such as replacing old drafty windows, installing low-flow showerheads, high-efficiency outdoor lighting, and on-demand hot water heating. These improvements have made the building more comfortable for our tenants, reduced maintenance worries and positively affected cash flow.” ~Lewis Spann, Owner, Natlew Corporation


Project

  • Multifamily, 20,000 sq.ft.
  • Efficiency Project
  • $19,200/yr average annual cash flow
  • 14% energy savings
  • Completion Date: March 2017

Financing

Amount Financed: $238,078 
Term: 20 years
Interest Rate: 6.08% 
Financing Cost: $20,700/yr


News Coverage

Partner Information

Participating Municipality


Project contractors




Project partners