$44,233
Year 1 Actual Savings
10 Months
Actual Payback Period
111 East 85th Street, or The Savoy, is a 30-floor co-op in Manhattan’s Upper East Side neighborhood. The building was built in 1971. Each of the 160 units has a Steam PTAC unit for heating.
Rene Rivera
Resident Manager for Douglas Elliman
“The alarms and alerts Parity gives me are like a security blanket. I have an extra set of eyes on my HVAC systems operations, even when I’m not at the building. Plus, we outperformed our savings guarantee. I highly recommend Parity to other Resident Managers.”
We projected at least $19,322 in utility cost savings during our first year at The Savoy. We over-delivered and saved the building $44,233! That means instead of a 1.9 year payback period, 111 East 85th Street saw its ROI in only 10 months.
Plus, we prevented 50 tons of CO2 from entering the atmosphere, which translates to $13,438 in potential reduced LL97 fine exposure.
Year 1 Actual Savings
Actual Payback Period
Year 1 Reduced CO2 Emissions
Contracted Guaranteed Savings
Projected Payback Period
Potential Reduced LL97 Fine Exposure
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$124,794
Year 1 Actual Savings
1.7 Years
Anticipated Payback Period
$145,245
Year 1 Actual Savings
9 Months
Actual Payback Period
$104,003
Year 1 Actual Savings
8 Months
Actual Payback Period