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212 East 42nd Street may pay $535,466/year in fees starting in 2030

Hotel · 440,895 sq ft · Manhattan

Current fee: $170,788/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 47%.
  • At the same energy use, this property will be 1,998 tons over the cap, a $535,466 penalty.
What is the estimated penalty for 212 East 42nd Street right now?

$170,788/year

  • This property is 637 tons over the cap, a $170,788 penalty.
How will this property’s penalty change in 2030?
  • The emissions cap will be lowered by 47% in 2030, from 4,352 to 2,319 tons.
  • A cleaner grid cuts emissions from 4,989 to 4,317 tons by 2030. Current trends put it 1,998 tons over the cap, up from 637.
How much would the building need to cut its emissions to avoid the penalty?

47% less emissions than today

How energy efficient is 212 East 42nd Street?

11/100, grade D

  • It scores 11 out of 100 (grade D), which is well below average compared to its peers.
  • It uses 192 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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