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1559 Independence Ave may pay $25,674/year in fees starting in 2030

Multifamily Housing · 1 sq ft · Brooklyn

Current fee: $25,674/year

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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 100%.
  • At the same energy use, this property will be 96 tons over the cap, a $25,674 penalty.
What is the estimated penalty for 1559 Independence Ave right now?

$25,674/year

  • This property is 96 tons over the cap, a $25,674 penalty.
How will this property’s penalty change in 2030?
  • The emissions cap will be lowered by 100% in 2030, from 0 to 0 tons.
  • Current trends put it 96 tons over the cap, up from 96.
How much would the building need to cut its emissions to avoid the penalty?

100% 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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