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118 West 57th Street may pay $56,618/year in fees starting in 2030

Hotel · 536,719 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 47%.
  • At the same energy use, this property will be 211 tons over the cap, a $56,618 penalty.
What is the estimated penalty for 118 West 57th Street right now?

$0/year

  • 118 West 57th Street is 1,463 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 47% in 2030, from 5,297 to 2,823 tons.
  • A cleaner grid cuts emissions from 3,835 to 3,034 tons by 2030. Current trends put it 211 tons over the cap, up from 0.
How much would the building need to cut its emissions to avoid the penalty?

7% less emissions than today

How energy efficient is 118 West 57th Street?

58/100, grade C

  • It scores 58 out of 100 (grade C), which is above average compared to its peers.
  • It uses 114 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 match of this property type to the city's category is still being checked
  • ○The compliance route the city assigns is not confirmed

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