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148 East 37 Street may pay $37,997/year in fees starting in 2030

Multifamily Housing · 39,049 sq ft · Manhattan

Current fee: $18,270/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 40%.
  • At the same energy use, this property will be 142 tons over the cap, a $37,997 penalty.
What is the estimated penalty for 148 East 37 Street right now?

$18,270/year

  • This property is 68 tons over the cap, a $18,270 penalty.
How will this property’s penalty change in 2030?
  • The emissions cap will be lowered by 40% in 2030, from 264 to 159 tons.
  • A cleaner grid cuts emissions from 332 to 301 tons by 2030. Current trends put it 142 tons over the cap, up from 68.
How much would the building need to cut its emissions to avoid the penalty?

48% less emissions than today

How energy efficient is 148 East 37 Street?

70/100, grade B

  • It scores 70 out of 100 (grade B), which is above average compared to its peers.
  • It uses 119 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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