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cost reduction & ENERGY EFFICIENCY services
Looking to optimize your NYC coop or condo building's financial landscape? The Folson Group's consulting services are your solution to cost reduction and increased efficiency. From minimizing operating costs and energy usage to lowering the expenses of capital improvement and repairs, we're committed to delivering substantial savings.
Tired of grappling with high utility bills and service contracts? Learn how we can help you achieve significant operating cost reductions!
Wondering where your building stands in terms of costs? Our tailored savings approach compares your expenses to a vast dataset of hundreds of buildings and thousands of data points, pinpointing key areas for savings that align with your building's unique needs.
“I’m the treasurer of my co-op board, and have been working with the Folson Group for a couple of years. I continue to be surprised that every co-op in the city isn’t working with this kind of service. The economic model is 100% aligned to generate savings, and they don’t get paid if they don’t find savings. They are very thorough, detail oriented, and always have innovative ideas to save our building money. I would highly recommend working with them.”
“The Folson Group is an extremely useful asset to our coop and its residents, and we look forward to continue working with them. They took the time to visit our properties on multiple occasions in order to gain a thorough understanding of how much they could assist and we saw results in a short period of time. In just one quarter, with their efforts, we reduced our water usage by 10%!”
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The property manager isn't solely responsible for cost reduction. Our services complement theirs, offering the coop board a second opinion to uphold fiduciary duties.
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Reducing the costs of running your building positively impacts property values, creating a win-win for buyers, sellers and owners.
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We work on contingency, sharing 50% of savings with you for the first two years. Over a 10-year period, your building retains approximately 91% of the savings.
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Instead of reducing the cost of your heating, electric and water, we reduce how much your building use, making the building greener and more cost efficient. We employ many low-cost measures, which ultimately pay for themselves and redirects savings for larger building upgrades.
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While three bids are standard, our objective review often results in significant savings. Our second opinion ensures you fulfill your fiduciary duty, and if no savings are identified, our fee is zero.