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2 East 55th Street may pay $83,882/year in fees starting in 2030

Hotel · 427,877 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 313 tons over the cap, a $83,882 penalty.
What is the estimated penalty for 2 East 55th Street right now?

$0/year

  • 2 East 55th Street is 601 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 4,223 to 2,251 tons.
  • A cleaner grid cuts emissions from 3,623 to 2,564 tons by 2030. Current trends put it 313 tons over the cap, up from 0.
How much would the building need to cut its emissions to avoid the penalty?

13% less emissions than today

How energy efficient is 2 East 55th Street?

39/100, grade D

  • It scores 39 out of 100 (grade D), which is below average compared to its peers.
  • It uses 138 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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