the impact of energy costs on multi family residential building value case study morrison manor apartments 1 and 2 ave troy new york august 2005 prepared by cliff majersik institute for market transformation www imt org state research development authority nyserda this describes savings from retrofits their an 83 unit rate student housing apartment complex in ny is privately owned primarily serves students nearby hudson valley community college financial highlights improved tenant comfort lowered produced at least 85 000 rent increases using income approach to valuation increased property 687 300 cost 320 437 generated a 20 4 cash return was purchased 750 2000 sold 79 million june less than two years after appreciation outpaced that comparable local
