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2350 Cambreleng Avenue may pay $19,538/year in fees starting in 2030

Multifamily Housing · 55,790 sq ft · Bronx

Current fee: none

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Why is this property expected to pay a fee beginning in 2030?
  • Beginning in 2030, NYC drops the emissions cap by 40%.
  • At the same energy use, this property will be 73 tons over the cap, a $19,538 penalty.
What is the estimated penalty for 2350 Cambreleng Avenue right now?

$0/year

  • 2350 Cambreleng Avenue is 46 tons under the emissions cap.
  • So it may not owe a penalty.
How will this property’s penalty change in 2030?
  • The emissions cap will be lowered by 40% in 2030, from 377 to 227 tons.
  • A cleaner grid cuts emissions from 330 to 300 tons by 2030. Current trends put it 73 tons over the cap, up from 0.
How much would the building need to cut its emissions to avoid the penalty?

25% less emissions than today

How reliable is this estimate?
  • This is a planning estimate, not the city's official number.
  • Owners report their own energy use, and reports can have mistakes.
  • The city makes the final call.
  • ✓Energy use comes from the building's own 2024 report to the city
  • ✓Emissions rates for 2024 to 2029 match the law
  • ✓Emissions rates for 2030 on match the city rule
  • ✓The property type is matched to the city's category
  • ○The compliance route the city assigns is not confirmed

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