CASE STUDY
Property Overview:
- Address: 720 26TH ST, UNION CITY, NJ
- Management: Belgium Management LLC
In late March 2024, Belgium Management LLC installed Water Scrooges at 720 26TH ST to reduce high water usage and associated costs. The implementation led to immediate and substantial financial savings.
Water Usage Reduction and Financial Impact
Cost Analysis Before Installation
(December 2023 – March 2024):
- Average Monthly Water Bill (December
2023 – March 2024):- Water Usage: Average of 156 CCF per month
- Cost per CCF: $5.6062
- Total Average Monthly Cost: $873.50
Cost Analysis After Installation
(April 2024 – July 2024):
- Average Monthly Water Bill:
- Water Usage: 51 CCF per month
- Cost per CCF: $5.6062
- Daily Facility Charge: 33 days @ $1.0356 per day
- Total Average Monthly Cost: $320.09
Savings Calculation:
- Monthly Savings: $873.50 – $320.09 =$553.41
- Total Savings (April – July 2024):$553.41* 4 months = $2,213.64
Annualized Savings Projection:
- Projected Annual Savings: $553.41 * 12months = $6,640.92
Additional Benefits
- Operational Efficiency: Improved water management practices leading to
consistent cost control. - Environmental Benefits: Reduced water usage contributes to sustainability efforts.
- Enhanced Property Value: Lower
operational costs enhance the
attractiveness and value of the property.
Conclusion
The installation of Water Scrooges at 720 26TH ST has demonstrated significant financial savings and improved water efficiency. This initiative, undertaken by Belgium Management LLC, showcases the value of investing in sustainable, cost-saving technologies.
Our team of property managers at Belgium Management LLC always strives to bring the best to the table. We are a committed team of individuals whose only motto is to offer equal quality services to their clients with large or small properties.
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