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110 Sullivan Street may pay $4,525/year in fees starting in 2030

Multifamily Housing · 38,880 sq ft · Manhattan

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 17 tons over the cap, a $4,525 penalty.
What is the estimated penalty for 110 Sullivan Street right now?

$0/year

  • 110 Sullivan Street is 62 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 262 to 158 tons.
  • A cleaner grid cuts emissions from 200 to 175 tons by 2030. Current trends put it 17 tons over the cap, up from 0.
How much would the building need to cut its emissions to avoid the penalty?

10% less emissions than today

How energy efficient is 110 Sullivan Street?

89/100, grade A

  • It scores 89 out of 100 (grade A), which is well above average compared to its peers.
  • It uses 68 kBtu per sq ft a year.
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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