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Deal Spotlight

651 New York Avenue

0 %
Projected energy savings
0 %
Projected GHG savings
Vehicles removed off the road

The Building: 651 New York Ave

Building type

Building size
1 building
28,489 square feet
40 units

Year built

Brooklyn, NY

Project type
Energy efficiency

HVAC, windows, solar shading

NYCEEC loan product
Equipment loan

1.3 years

Closing date
October 2015

The Project

NYCEEC provided a loan for just the efficiency work, enabling the developer to upgrade from standard building code to deeper, high performance building standards.  Specific high-performance building measures included triple pane windows and bi-folding doors, high efficiency VRF heat pumps for all residential and common spaces, thermal break installation & spray foam insulation in the concrete slab between the solar shades and interior spaces, and solar shading to reduce solar gain.

Total project cost

$14.5 M

Other sources

$12.7 M


$1.8 M

The Results

The benefits of a high-performance building extend well beyond just the energy cost savings. Residents enjoy a healthier, quieter and more comfortable living environment because of controlled ventilation, tight air sealing and insulation. Well-insulated buildings are also more resilient because they can hold comfortable and livable temperatures much longer during power outages.