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FeeWarden

197 Bowery may pay $18,762/year in fees starting in 2030

Multifamily Housing · 34,727 sq ft · Manhattan

Current fee: $10,263/year

Ranks #879 of 1,907 Manhattan buildings with a penalty from 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 40%.
  • At the same energy use, this property will be 70 tons over the cap, a $18,762 penalty.
What is the estimated penalty for 197 Bowery right now?

$10,263/year

  • This property is 38 tons over the cap, a $10,263 penalty.
How will this property’s penalty change in 2030?
  • The emissions cap will be lowered by 40% in 2030, from 239 to 143 tons.
  • A cleaner grid cuts emissions from 277 to 213 tons by 2030. Current trends put it 70 tons over the cap, up from 38.
How much would the building need to cut its emissions to avoid the penalty?

33% less emissions than today

How energy efficient is 197 Bowery?

80/100, grade B

  • It scores 80 out of 100 (grade B), which is well above average compared to its peers.
  • It uses 124 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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