Alan Jemal on How Green Buildings Benefit Investors and the Environment | NYC

Green buildings, also known as sustainable buildings, are structures designed to reduce their impact on the environment and improve the health and well-being of their occupants. They use energy-efficient technologies and renewable energy sources to minimize their carbon footprint and reduce waste. Investing in green buildings benefits the environment and offers investors a range of financial benefits.

Energy Savings

Green buildings use energy-efficient technologies to reduce energy consumption and costs. They use natural light, efficient heating, cooling, and ventilation systems, and energy-efficient appliances and lighting to reduce energy bills. These energy savings translate into lower operating costs for building owners and higher net operating income for investors.

Attract and Retain Tenants

Green buildings are beautiful to tenants who value sustainability and environmental responsibility. They provide a healthier and more comfortable living and working environment, which can improve tenant satisfaction and retention rates. Studies have shown that tenants are willing to pay a premium for green buildings, translating into higher rental income for building owners and higher returns for investors.

Government Incentives

Governments at the national, state, and local levels offer a range of incentives to encourage the development and investment in green buildings. These incentives include tax credits, grants, and subsidies for energy-efficient upgrades, renewable energy installations, and green certifications. Investors who invest in green buildings can benefit from these incentives, which can increase the return on investment and reduce the overall risk of the investment.

Increased Property Value

Green buildings are highly valued in the real estate market due to their energy efficiency, sustainability, and reduced environmental impact. They are more likely to appreciate over time than traditional buildings, which can result in higher property values and returns for investors.

Reduced Environmental Impact

Green buildings reduce their environmental impact by using renewable energy sources, reducing waste, and using sustainable building materials. They can help reduce greenhouse gas emissions, conserve natural resources, and promote environmental stewardship. Investing in green buildings provides financial benefits to investors and encourages a sustainable and healthy environment for future generations.

Green buildings offer a range of financial and environmental benefits to investors. They provide energy savings, attract and retain tenants, and offer government incentives that can increase the return on investment. Additionally, green buildings reduce their impact on the environment, promote sustainability, and improve the health and well-being of their occupants. Investing in green buildings is a smart choice for investors looking for long-term sustainable returns and want to contribute to a healthier and more sustainable planet.

This blog was previously published on May 15, 2023 at AlanJemal.net

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In addition to working with commercial properties, Alan Jemal is a community-minded individual who loves to give back when he can. He is involved in philanthropic endeavors and is a member of the board at Fordham Road NYC. This nonprofit organization invests in developing and growing local businesses while fostering community connections and improving local areas. They organize community events and beautification projects and provide sanitation services for small businesses. Alan enjoys getting to be involved in these projects and supporting the growth of his local community.

One of the most significant properties Alan Jemal and his team have purchased is a seven-story office building in Harlem acquired for $22 million in 2014. This historic building was built in 1905 and houses the Alhambra Ballroom on the ground floor level. Previously, it was also the home of a bowling alley, Harlem Lanes, and Gospel Uptown, a soul food restaurant. Alhambra Ballroom was initially established as a vaudeville venue and hosted incredible musicians over the years, including jazz legend Billie Holliday and blues singer Bessie Smith. The ballroom is still available as an event space, and Alan and his team have since leased out other parts of the building to commercial tenants, including a second location for a French charter school.