Prepared for Joseph at The Moinian Group

Your 5 buildings could earn around $62K a year

Centinel pays it as rent for their energy upgrades. We ran the numbers on each office building.

See each building
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01

Rent from the energy your buildings save

Upgrade the controls once and collect rent for 10 years

  1. You invest once$186,900controls upgrade
  2. Less energy usedSavingstracked every 15 minutes
  3. Centinel pays rent$61,500every year
  4. Paid backYear 4from the rent
  5. Over 10 years$615,000in rent
  • 1Why Centinel pays youYou get a share of the savings as rent
  • 2Tenants pay less for energyThey keep the rest of the savings
  • 3Works with existing leasesNo lease changes needed
02

What each building earns

One upgrade cost and 10 years of rent per building

Rent a year by building

60 Madison Avenue: $22,400 a year460 Park Avenue South: $21,100 a year72 Madison Avenue: $11,200 a year29 West 17th Street: $3,900 a year10 West 18th Street: $2,900 a year

60 Madison Avenue · $22,400 a year

Rent that pays back your investmentRent after paybackPaid backOne block is one year of rent

  1. 1
    60 Madison AvenueOffice · 191,514 sq ftNYC energy disclosure 2024
    Paid backYear 3
    You invest$50,900
    Rent a year$22,400
    Over 10 years$224,000
  2. 2
    460 Park Avenue SouthOffice · 163,509 sq ftNYC energy disclosure 2024
    Paid backYear 3
    You invest$49,100
    Rent a year$21,100
    Over 10 years$211,000
  3. 3
    72 Madison AvenueOffice · 58,500 sq ftNYC energy disclosure 2024
    Paid backYear 4
    You invest$35,900
    Rent a year$11,200
    Over 10 years$112,000
  4. 4
    29 West 17th StreetOffice · 25,000 sq ftNYC energy disclosure 2024
    Paid backYear 7
    You invest$26,200
    Rent a year$3,900
    Over 10 years$39,000
  5. 5
    10 West 18th StreetOffice · 22,276 sq ftENERGY STAR record
    Paid backYear 9
    You invest$24,800
    Rent a year$2,900
    Over 10 years$29,000

Estimates from building size and firmed up with your utility bills

Rent shown after Centinel's monthly fee

Investment shown before Centinel's one-time hardware charge

Buildings pay back between year 3 and year 9

Your other buildings are not in these numbers yet

03

Our engineers guide your contractor

From the first bid to years after the upgrade

  1. A building automation control panel in a mechanical room
    1Our engineers scope the work

    They guide the site team and contractor from bid to completion

  2. Rooftop heating and cooling units on an office building
    2Centinel watches for faults

    The site team hears of any fault wasting over $1K a year

  3. A bright office lobby
    3Centinel pays rent

    A share of the measured savings every year for 10 years

Rent collected by the end of each year

3.2xyour investment over 10 years

By the end of year 1: $61,500 in rent1By the end of year 2: $123,000 in rent2By the end of year 3: $184,500 in rent3By the end of year 4: $246,000 in rent4By the end of year 5: $307,500 in rent5By the end of year 6: $369,000 in rent6By the end of year 7: $430,500 in rent7By the end of year 8: $492,000 in rent8By the end of year 9: $553,500 in rent9By the end of year 10: $615,000 in rent10$615,000
Rent that pays back your investmentRent after paybackYour investment $186,900

Questions owners ask

Why does Centinel pay rent?
In most leases the tenants keep what an upgrade saves. Centinel measures the savings and pays you a share as rent.
Who pays for the upgrade?
You, once. You pay your own HVAC controls contractor directly.
What does Centinel charge?
A fixed monthly fee by building size and a one-time hardware charge billed when you go ahead with the first project. The rent on this page is shown after the monthly fee.
When does the rent start?
Centinel expects the first check within 3 months for buildings with a ready site team and contractor. After that the rent follows the savings it measures.
How long is the agreement?
10 years, with two optional 5-year extensions. You can cancel at any time.
04

Centinel has done this before

As published on centinelre.com

Since 2010working with owners

2,000+buildings

46states

$70M+invested by owners

Your utility bills come next

Your bills turn these estimates into firm numbers

What the call adds

  1. 1Your actual energy use
  2. 2Upgrades you already made
  3. 3Your first buildings
A glass office tower against a pale sky
Brenden Millstein

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President of Centinel
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