Landlords Must Make Buildings Greener, Pay for it Themselves

earth-cashI saw this via a link on Brownstoner . The NY Post reports that a city initiative will have the owners greening large older buildings with environmentally-friendly and energy-saving capital improvements. Tenant advocates were concerned that the costs of these improvements would be passed on to rent controlled tenants. Instead, the mayor’s pointman for this initiative, Rogit Aggarwala, states that city leaders pledge to prevent costs being passed on because increased energy efficiency soon pays for itself.

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About Me

Michelle Erfer is a licensed Real Estate Salesperson in New York City.
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