120 West 41st Street may pay $20,013/year in fees starting in 2030
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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 75 tons over the cap, a $20,013 penalty.
0Cap: 360 tons
What is the estimated penalty for 120 West 41st Street right now?
$0/year
- 120 West 41st Street is 61 tons under the emissions cap.
- So it may not owe a penalty.
0Cap: 676 tons
How will this property’s penalty change in 2030?
- The emissions cap will be lowered by 47% in 2030, from 676 to 360 tons.
- A cleaner grid cuts emissions from 615 to 435 tons by 2030. Current trends put it 75 tons over the cap, up from 0.
How much would the building need to cut its emissions to avoid the penalty?
18% less emissions than today
How energy efficient is 120 West 41st Street?
20/100, grade D
- It scores 20 out of 100 (grade D), which is well below average compared to its peers.
- It uses 132 kBtu per sq ft a year.
DCBA
200100
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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