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By Accord Real Estate Group

Commercial and Industrial Buildings Rooftop Revenue Trend

November 20th 2019
Tags: Blogroll (elsewhere), Real Estate News

Rooftop restaurants, nightclubs and outdoor lounges in Commercial buildings have always been popular with the public and are areas of opportunity for building owners. For example, Hotel 1 in Brooklyn, NY on the waterfront has a fabulous rooftop bar/lounge with panoramic views of Brooklyn and the lower Manhattan skyline across the East River.

Creating this hospitality experience as Hotel 1 has done requires large amounts of money, extensive and time consuming permitting, insurance and safety procedures.

Today, other rooftop revenue opportunities can be found in solar power, telecommunications, Rooftop Farms and Apiaries.

Rooftop Solar Systems are becoming more and more mainstream. The power produced from rooftop solar panels on large commercial and industrial buildings can be used by the building or sold to nearby residents, creating a new revenue stream for building owners.

New York City wants to increase the city’s solar energy production and is working with developers to support this technology.

Currently there are several large Commercial and Industrial buildings with rooftop solar farms. For example, Liberty Distributors located at 530 Cozine Avenue in Brooklyn, Budweiser Distribution Center located at 550 Food Center Drive in the Bronx and others in the Bronx and Staten Island.

Solar rooftop energy systems are a great investment for both large existing buildings and new construction. More and more Commercial and Industrial property owners will monetize their unused rooftop space with solar technology.

If you are interested in selling your property or you know someone who is planning to sell their Brooklyn or New York property, whether a single family residential property,  an apartment building, a commercial property, mixed use, multi family, coop or condo, vacant land or a development opportunity, call us. You will be very happy that you did.

We always bring our clients the top market price for their property and provide exceptional personalized service from initial consultation to closing.

Thank you,
Accord Real Estate Group
Your Brooklyn Realtors