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'Hot yacht' leads to 'cool' stack.

Creating a "hot" yacht has inadvertently helped an apartment building owner develop the "coolest" smokestack in New York City.

A few months ago, real estate owner/manager Bill Koeppel overhauled his 46-foot Hattaras Sportfish with a new engine and exhaust system utilizing Type 316 marine grade stainless steel, a metal virtually impervious to corrosion. It suddenly occurred to him that his yacht's diesel engine burned oil in the same way as a building furnace and that the corrosive effect of saltwater, heat and sulfur was almost identical to the chemical reaction of rain mixing with heating oil in a smoldering smokestack.

The outgrowth of this revelation is a brand new 230-foot high Type 316 stainless steel smokestack running up the back wall of Koeppel & Koeppel's 22-story apartment building at 250 East 73rd Street. According to Jeff Fiedler of Fiedler Roofing Company, the stack is the only "316" his 50-year firm has ever installed and is "probably the first of its kind in New York City or beyond."

One of the reasons for that may be its expensive price tag, but Koeppel doesn't believe his $125,000 major capital improvement is about to go up in smoke. "This 316 will burn more efficiently, emit less pollutants and will last up to four times as long as its aluminum counterpart," he stated, adding that the super smokestack is even guaranteed to outlive the DHCR's "Useful Life" provision, which is a minimum of 25 years.

And to leave little doubt that his words are not intended as a smokescreen, he said he plans to install another 316 at his apartment building at 350 Last 52nd Street this summer.
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Title Annotation:real estate owner Bill Koeppel utilizes overhauled yacht engine to power furnace for apartment building at 250 East 73rd Street, New York, New York
Publication:Real Estate Weekly
Date:Jun 30, 1993
Previous Article:Moving beyond survival to growth.
Next Article:Non-profit lease to connect two spaces in two buildings.

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