Case Study

Land

Commercial Development Firm Wins Big in NY

Brooklyn, NY

$10K Saved & Headaches Avoided

Solution Value: $10K premium savings & endless permitting headaches avoided (Priceless!)

Solution Type: LOMA

An entire undeveloped lot was being pulled into the SFHA, creating permitting nightmare for the owners. NFE's engineering analysis pulled the ENTIRE lot out of the SFHA both NOW and when the pending preliminary map goes into force.

The special flood hazard area (SFHA) impacted the NW corner of a vacant lot in Brooklyn, NY, and preliminary maps also pulled MORE of the lot into the SFHA. NFE's engineering analysis pulled the ENTIRE lot out of the SFHA both NOW and when the pending preliminary map goes into force.

With removal from the high-hazard flood zone, bank-mandated flood insurance is no longer required (a savings of $10,000+), plus the construction budget and building capabilities are also improved. The solution also helped facilitate a more straightforward building permit process - a tremendous win, especially in NY.

View Other Case Studies

$1.8MM+ in Added Property Value

Over $110,000 Reduction in Flood Insurance Premiums, Resulting to $1.8MM+ in Added Property Value - San Jose, CA

Read how NFE helped a commercial real-estate portfolio save over $110,000 in premiums and increase property value by $1.8+ million across several retail & hotel properties in Hawaii and California.

Image of Multifamily property for MD Multifamily Property - $48K NOI Increase

$48,000 NOI Increase

MD Multifamily Property - $48K NOI Increase - Dundalk, MD

A 60 building property just outside of Baltimore, MD, saved $48,000 in flood insurance premiums after our engineering review qualified 11 buildings for removal from the flood zone, removing the lender mandate for flood insurance.

Image of Multifamily property for 19 of 29 Buildings Removed from SFHA

$365K+ Added in Property Value

19 of 29 Buildings Removed from SFHA - Coral Springs, FL

On a rushed timeline due to an upcoming sale, NFE's flood experts helped the nation's largest multi-family property owner save ≈$22K in annual flood insurance premiums while also adding $365K in property value for a 29-building property in Coral Springs, FL. NFE’s field work and engineering review maximized cost savings and helped the current and future owners avoid costly premium hikes on the horizon.